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house price valuation dropped by 50k within a few weeks

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Tenth Anniversary 100 Posts Name Dropper Photogenic
    My buyer dropped the price by 35k before dropping their offer completely. This was right before exchange.

    As the market currently stands,  I'd happily sell at the reduced price.
  • caprikid1
    caprikid1 Posts: 2,605 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 September 2025 at 12:24PM
    [Deleted User] said:
    My buyer dropped the price by 35k before dropping their offer completely. This was right before exchange.

    As the market currently stands,  I'd happily sell at the reduced price.
    But you are a motivated seller with a property that owes you nothing and the investment buyer experienced issues due to HMO rules etc.

    This is hardly a typical housing transaction.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 24 January 2025 at 5:59PM
    [Deleted User] said:
    Houses were overvalued and interest rates are making mortgages a lot more expensive. 50k isn't unreasonable.
    Arent we missing some key information before drawing conclusions.
  • spoovy
    spoovy Posts: 250 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Is actual advice wanted here, or is this just another Crashy thread? 
  • Sarah1Mitty2
    Sarah1Mitty2 Posts: 1,838 Forumite
    1,000 Posts First Anniversary Name Dropper
    Sanofian said:
    Hi all,

    So, we had a sale price agreed, valuation was met, all progressing nicely.

    Our buyer then changed provider and their initial "on-line" valuation came in 50k under previous probably due to recent interest rate hikes and general nervousness in the market. 

    Where to go from here?

    TiA
    Is this a trend in your area, or just your house?
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