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Home Buyer Report valuation considerably lower than offer

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MERFE wrote: »
    The one we got for the house we didn't buy had both the valuation and rebuild cost. We pulled out though as did the 2nd lot of buyers and the house is now listed for £6K less than we offered, 13K less than it was originally listed for.

    OP only you can decide what this flat is worth to you, you have to weigh up all your options, how likely you are to find something else etc


    Looks like things are moving in the right direction at last :)
  • Ozzuk
    Ozzuk Posts: 1,884 Forumite
    Eighth Anniversary 1,000 Posts
    Crashy_Time wrote: »
    Any chance of a link?

    Are you looking to gazump him? I'd hold off buying, the world is going to send at some point.
  • Bingjamin
    Bingjamin Posts: 21 Forumite
    Fourth Anniversary 10 Posts
    Thanks for your replies. We could probably find something else if we wanted to wait, however I am not sure if it would be in this area (which we love). Plus having to pull out at this stage would be heart wrenching for both of us.

    Are we in a decent position to renegotiate? I cant imagine having a mortgage agreed on the asking price will do us any favours, but a drop in 10k would definitely make me more confident.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Bingjamin wrote: »
    Thanks for your replies. We could probably find something else if we wanted to wait, however I am not sure if it would be in this area (which we love). Plus having to pull out at this stage would be heart wrenching for both of us.

    Are we in a decent position to renegotiate? I cant imagine having a mortgage agreed on the asking price will do us any favours, but a drop in 10k would definitely make me more confident.


    How many other potential buyers do you think they have?
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