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property was down valued - what to do?

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Comments

  • MWT said:
    The stamp duty holiday has created a few cases like this where the competition for houses pushes the price up beyond the real value and the mortgage lenders don't feel inclined to support the temporary price inflation that has been happening.
    You may find your seller to be flexible since the £125k was their original asking price and any other prospective purchaser is likely to face the same problem that the valuation doesn't support the price.

    Thank you. My thoughts exactly.
    I have now contacted the seller asking if he would be flexible on matching the valuation price.
    Fingers crossed.
  • Remember that if's it not meant to be, dont fret too much about it and move onto the next house. I personally wouldnt pay a penny over the valuation price. 
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