Will my mortgage valuation go ok?

HomeownerDreamer

My last attempt at a house purchase fell through at it was valued at zero. I now have the valuation booked for another house on 21st July. The mortgage is approved subject to valuation so this is the only thing left to worry about. What happened last time has made me so worried about it. I offered over asking price as there were a few other offers made and I had to increase my offer to secure the house. I'm happy with what I'm paying but terrified the valuers will value it less especially with the uncertain market at the moment. The wait feels like forever.

[Deleted User]

Obviously no-one has a crystal ball and unfortunately this is the issue for valuers as well. I think most people are in the same boat with this whether on the buying or selling side it's a concern. Our buyers have a 10% deposit and I know if the house is undervalued they would probably have to pull out and affects the whole chain of sales. Fingers crossed it goes well for you x

ACG

If it was valued at zero, that normally means there was a problem with the property, not that it was over priced. 
You should be thankful it was picked up. 

Nobody here has a clue whether or not the property will value up or not. If it doesnt, and it comes back lower, it gives you the ability to try to negotiate. If it comes back at zero (unlikely as I have only seen 2-3 of those in 9 years) then it means that there is a problem with the property rather than the price.