Buyers mortgage valuation

Monsternextdoor

Scarlett2 said:

Just wondered if there was any body could help us with a scenario. Buyers have received a mortgage valuation and called our estate agents to reduce the price of the agreed price. The estate agent and us have requested the proof of the valuation report to enable us to discuss this. The surveyors report was fine. Wondered if anyone else has had this type of scenario after 2 months from offer and is the beginning of the end if the buyers are just blagging as they have not provided the mortgage valuation/

We have just had to do something similar, Its not your property tho so don't worry.

We found a house and put in the offer, another prospective purchaser did the same we ended up going up to £27,000 over the value. 

Now the house needs a lot of work doing to it and the surveyors report reflected this so we contacted the EA who contacted the client (repo) We sent the rics over and gave them our blessing to share the report with the client. 

We offered them £12,000 less and they accepted once they had received the rics and read thru it.

Our rics was carried out a week after the offer and we went back to them extremely quickly and were happy to share the info, If there is truly issues with the property then I would hope that that would have shared, as it is a totally reasonable request.

I would question what type of survey that they had carried out and if they are just either having cold feet or are trying their luck and hoping that by being silent forcing you in to a line of communication to possibly reducing the price to sell. 

Good luck !!