Do I pull the plug on a sale now or wait it out?

Lovem

MisterP123 wrote: »

If the surveyor comes back with a 30k reduction and you won't sell for that, and the buyer won't/can't stump up the difference then it's time to call it a day. Don't do anything rash at the moment.

That seems sensible!

Lovem

always_sunny wrote: »

Unless you live in identical places (inside too) it's not necessarily true, RICS valuations often tend to be lower than the mortgage valuations. If you worry so much now you will end up with white hair by the time you exchange and complete! :eek:

I can't feel the grey pushing through already :rotfl:

Lovem

kilby_007 wrote: »

Can you afford to sell 30K below and will you still be able to afford to buy wherever you're moving to? Either way, just go with it but be prepared to drop the price or walk away if the worst case scenario occurs.

That price I am straight into negative equity

Lovem

Perhaps I just need to calm down and let it roll. Might be surprised! I just don't want the buyers paying out more £ than nesessary for something that could not happen

MisterP123

Lovem wrote: »

Perhaps I just need to calm down and let it roll. Might be surprised! I just don't want the buyers paying out more £ than nesessary for something that could not happen

A definite chill pill is in order. The buyer has offered what they think it is worth, if the lender disagrees then you negotiate. If that doesn't work, everybody walks away.

Be a little more heartless, it's the buyer's decision if they stump up solicitor and search costs before they receive their mortgage offer. Have a glass of wine and sleep well :beer:

Lovem

MisterP123 wrote: »

A definite chill pill is in order. The buyer has offered what they think it is worth, if the lender disagrees then you negotiate. If that doesn't work, everybody walks away.

Be a little more heartless, it's the buyer's decision if they stump up solicitor and search costs before they receive their mortgage offer. Have a glass of wine and sleep well :beer:

Thank you Mister! Thank god it's late at night that the estate agents are closed. I don't drink but I think I need to start :rotfl::rotfl: