Lenders valuation 4% lower than house price.

Heres_the_deal

We have received the property valuation from the lender at 4% lower than asking price (around £6k), although it wont affect the mortgage due to a large deposit.  Is it worth seeking a reduction from the seller, or are down-valuations quite normal these days?
I'm not sure if I'd be stirring a hornet's nest, or coming across as a problem buyer.

motherofcats

Definitely take the valuation back to the seller and try to renegotiate the sale price. 

MovingForwards

Negotiate a lower price if you want, just remember to let your lender know what the new price is.

davidmcn

It's within normal margin of error for valuations, I wouldn't get very excited about it either way. 

Heres_the_deal

davidmcn said:

It's within normal margin of error for valuations, I wouldn't get very excited about it either way. 

The last time I bought a house, you could pay in £10 notes and Maggie was in power. So my understanding these days of the niceties and accepted protocols are zero. lol

My initial offer was £10k lower than the asking price (we settled on £5k), so asking for more seemed slightly underhand. If 4% is within norms, then its not going to get me far asking for more off, except an irate seller that could cause issues further down the line. In the words of my kids, 'I'll suck it up' !