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Property valuation lower than offer
Comments
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always_sunny wrote: »How long have you been believing this? Prices may not go up as much as before for a while, may stagnate but doubt they will go down 20% this year or next for locals, they're down 20% for foreigners cause of the pound.
What do you base this on?0 -
thesurveyor wrote: »I've approached the EA and asked them to suggest a decrease in the price.
how long would you wait until pursuing a answer?
The closing date is in 3 weeks.
Wait until after the closing date.0 -
I know it's only the Express, but it certainly seems like surveyors are down valuing a lot more properties...
http://www.express.co.uk/finance/personalfinance/802772/Surveyors-report-London-down-value-house-prices-sales0 -
I know it's only the Express, but it certainly seems like surveyors are down valuing a lot more properties...
http://www.express.co.uk/finance/personalfinance/802772/Surveyors-report-London-down-value-house-prices-sales
Yes, "SOAR" used to be their word of choice when it came to the property market, how times have changed! :money:0 -
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You will only be in negative equity if the value of the house falls lower than what you owe on it - not if the value of the house is less than you pay. So what percentage deposit do you have?
Jx
That was a bearable situation years ago when people paid a couple of times their income for a house, not now though with the amounts of debt people are in, it will be no fun sitting with a house worth less than you borrowed that you can`t sell the debt on.0
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