Devalued house

moneysavinghero

newsgroupmonkey_ said:

moneysavinghero said:

Pretty much every survey comes back at at least 5k less than the offer (usually much more) - this is nothing abnormal. Now if it had been 30k less than yes a price reduction would be in order (not necessarily the full 30k) . But for less than 5k its a bit of a cheek. Lets be clear every property has three valuations - what the bank value it as, what the seller values it as, and what the buyer values it as. These values are rarely exactly the same as the different parties have different motivations.

I'm afraid you're wrong on that. Very rarely are they downvalued at the moment.

And I'm afraid my source is highly unlikely to be wrong (I'm sat next to her).

Say hello to your cat for me.

newsgroupmonkey_

moneysavinghero said:

newsgroupmonkey_ said:

moneysavinghero said:

Pretty much every survey comes back at at least 5k less than the offer (usually much more) - this is nothing abnormal. Now if it had been 30k less than yes a price reduction would be in order (not necessarily the full 30k) . But for less than 5k its a bit of a cheek. Lets be clear every property has three valuations - what the bank value it as, what the seller values it as, and what the buyer values it as. These values are rarely exactly the same as the different parties have different motivations.

I'm afraid you're wrong on that. Very rarely are they downvalued at the moment.

And I'm afraid my source is highly unlikely to be wrong (I'm sat next to her).

Say hello to your cat for me.

Great response. Well done. You're still wrong btw. You're a very aggressive forummite - I've come across you before.
I'm guessing someone in law? You're certainly not in surveying judging by your previous threads and responses!

Crashy_Time

lookstraightahead said:

newsgroupmonkey_ said:

moneysavinghero said:

Pretty much every survey comes back at at least 5k less than the offer (usually much more) - this is nothing abnormal. Now if it had been 30k less than yes a price reduction would be in order (not necessarily the full 30k) . But for less than 5k its a bit of a cheek. Lets be clear every property has three valuations - what the bank value it as, what the seller values it as, and what the buyer values it as. These values are rarely exactly the same as the different parties have different motivations.

I'm afraid you're wrong on that. Very rarely are they downvalued at the moment.

And I'm afraid my source is highly unlikely to be wrong (I'm sat next to her).

I'm not seeing that, I thought mortgage valuations were very cautious 

Pretty sure they are.