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Massive difference between offer price and surveyor's valuation
Comments
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What a shame but at least you know. You may have had a lucky escape.I must remember that "Money Saving" is not buying heavily discounted items that I do not need. :hello:0
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It may be worth getting a second opinion.
If that comes back in a similar fashion, then my advice is to run.💙💛 💔0 -
Find out why he's valued it at £300k less than you. Worth a phonecall to clarify - my initial thought was that it's a typo, but as the reinstatement is £200k, maybe not? But definitely follow up. Maybe there's a Japanese Knotweed plantation next door?!Museum worker who'd rather be in the garden.0
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CKhalvashi wrote: »It may be worth getting a second opinion.
If that comes back in a similar fashion, then my advice is to run.
If in doubt OP , take a look at CKhalvashi`s avatar :eek:Never, under any circumstances, take a sleeping pill and a laxative on the same night.0 -
Going back to your original post, (assuming you have other reasons drawing you to this particular house e.g shortage of stock in a very nice area, good schools etc) the sensible alternatives are:-
1. See if you can buy it at the 200/230k price and self build
2 show the property your heels.
3. Buy at price offered - knowing it's a moneypit - with your eyes wide open and no regrets...although that's not very sensible at all.0 -
Forget the valuation.
" the survey said that the instability cannot be remedied"
That's all you need. Walk away.0 -
Findyourbacon wrote: »We should walk away, shouldn't we? I think I've answered my own question there!
I think you have... unless you fancy a major project and can get Kevin McCloud involved!0 -
unless you want to rebuilt forget it .You will have the same problem if you ever try to sell ."Do not regret growing older, it's a privilege denied to many"0
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How long have the current owners lived there and are they mortgaged do you know?0
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Some mug will buy it without a survey...0
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