A different Shared Ownership question!

Rysmee

Hi everyone, 
I have been searching the forum but can’t seem to find anything relating to my query- for once it seems to be the opposite of most shared ownership questions! 
So we are looking to buy a shared ownership 2 bed house which on first glance appears to be way overpriced ( I’m talking 25-35 k overpriced!) 
Now I know we aren’t valuers and can’t say for sure- but you know what its like when you are searching for properties, talking to estate agents and going on viewings - you get an idea of what your money can buy you in a certain area etc etc. 
So, my questions are : 
- Is there any way of arguing the price ( with the sharedownership company/ freeholder) before it comes to the inevitable mortgage valuation which will more than likely show up this over optimistic price? 
- Why would the valuers have given it such a high price clearly out of sync with everything else in the area? 
There is no way we would want to pay or even offer what is being asked now, I can already envisage the forum posts of ‘i over paid for my home and now im in serious negative equity’ 🤣
And being a shared owner, I know they wont accept ‘offers’ as in the real world - so we just feel a bit confused right now- and don’t want to fall into a nightmare situation. 
We could just go along with it and see what the mortgage valuation comes back as, but that is going to take time, and we are wanting to find somewhere and get in pretty quickly. I guess another option is to pay for our own RICS survey and see what they say- but I think the shared ownership company would need to agree to this. Any advice would be appreciated. Thanks

gazebo

https://forums.moneysavingexpert.com/discussion/1318655/can-you-negotiate-on-the-purchase-price-on-a-housing-association-new-build

Very old thread - but does ask the question of negotiating price on shared ownership and has many answers

Okydoky25

When I sold my shared ownership property it was up to the HA to get the figure they felt it was worth. At the time of surveyor/ valuation that the HA paid for I was asked to point out any changes I made that would have added any value. At the time it was Valued at £165k with £5k being my improvement costs. Offer was accepted though the HA for the full asking but just before exchange the buyers dropped their offer to £162k. I had a choice to accept it and the £3k loss fully came out of my share or Relist. 

If things still work the same I would say what ever less you offer on the asking price will come out of the sellers share and depending on their equity or circumstance they might not be in a potion to accept your offer even if they wanted to.