House down valued how to prove

perbinder

We had the same problem with a house but we were buying through purple bricks so no EA to help. Valuation and survey came in 30k less than agreed price (10%) reduction in jan 2020. Vendor refused to budge so I walked. I say on Zoopla he agreed 20k less than our agreed price but way over what we would have paid. We now have a great bungalow and are glad we missed on that house. 

lookstraightahead

Don't you just hate the property now anyway? If it were me I wouldn't want to live there anymore. 

Liam116

lookstraightahead said:

Don't you just hate the property now anyway? If it were me I wouldn't want to live there anymore. 

Yep even feel like staying away for the estate agent but it’s the key EA for the area.

You’re right we would either be “glad that’s over” or just pick pick pick

numbercruncher8

Just seems incredible to me how you could go so far into the process on such a misunderstanding. If they have admitted the error, perhaps the ombudsman could help you get your expenses refunded.

You could get a 'friend' to enquire about the property and ask what is included in the price.... I suspect it was EA or seller games not wanting to discount.

Thrugelmir

Liam116 said:

lookstraightahead said:

Don't you just hate the property now anyway? If it were me I wouldn't want to live there anymore. 

Yep even feel like staying away for the estate agent but it’s the key EA for the area.

Estate Agents don't get paid for wasting their time.  Equally frustrating for them.  You've nothing to lose by remaining on good terms and hearing first about new listings. 

FinallyStoppedLurking

Thrugelmir said:

Liam116 said:

lookstraightahead said:

Don't you just hate the property now anyway? If it were me I wouldn't want to live there anymore. 

Yep even feel like staying away for the estate agent but it’s the key EA for the area.

Estate Agents don't get paid for wasting their time.  Equally frustrating for them.  You've nothing to lose by remaining on good terms and hearing first about new listings. 

Sounds like they've acted very unprofessionally so not sure they deserve any sympathy. 

spoovy

Liam116 
The EA said the vendor is really unhappy about this and EA said that it isn’t  fair on them by us walking it’s poor character.

I think that would be end of line line for me, being told I'm a person of poor character by an EA.

Crashy_Time

spoovy said:

Liam116 
The EA said the vendor is really unhappy about this and EA said that it isn’t  fair on them by us walking it’s poor character.

I think that would be end of line line for me, being told I'm a person of poor character by an EA.

30-40k discount might soothe the pain a bit?

Crashy_Time

Liam116 said:

Yes I do feel being played. It gets more interesting today.

Received an email saying £15k reduction is the vendors final offer.
We messaged back saying saying if they come back with £30k reduction and they can keep the off road parking bay and don’t need to provide a substantial fitted kitchen.

We’ve just got a very poor email back from the EA saying fitted kitchen/parking bay was never part of the deal - and EA made an error but can be included for extra £20k.

We have walked away for good and looking to complain 

Do they have any other potential buyers around that you know about?

Liam116

Crashy_Time said:

Liam116 said:

Yes I do feel being played. It gets more interesting today.

Received an email saying £15k reduction is the vendors final offer.
We messaged back saying saying if they come back with £30k reduction and they can keep the off road parking bay and don’t need to provide a substantial fitted kitchen.

We’ve just got a very poor email back from the EA saying fitted kitchen/parking bay was never part of the deal - and EA made an error but can be included for extra £20k.

We have walked away for good and looking to complain 

Do they have any other potential buyers around that you know about?

It’s a popular area so yes there should be.