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The bank just undervalued our house!!!
Comments
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But I thought you were UK GOV's chief house price valuer/forecaster ??Crashy_Time said:
This I`m afraid, ultimately it is worth what a bank or cash buyer say it is worth.Slithery said:The valuer has priced it correctly. Both you and the EA's over-valued it - unfortunately it's just not worth as much as you thought it was.0 -
If anything, he's overqualified.k3lvc said:
But I thought you were UK GOV's chief house price valuer/forecaster ??Crashy_Time said:
This I`m afraid, ultimately it is worth what a bank or cash buyer say it is worth.Slithery said:The valuer has priced it correctly. Both you and the EA's over-valued it - unfortunately it's just not worth as much as you thought it was.1 -
This happened to us when buying. The valuer put it at £50k less than what we had offered.We tried again with a different lender, and 2nd time they valued it at our offer price so it was all back on.I would suggest they get another valuation, since the first was not far off. There is the risk that a different bank will use the same valuer and get the same result, or that a 2nd opinion will come back even lower.0
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True, next valuer could go even lower.0
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