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New build undervalued by 85,000

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  • RHemmings
    RHemmings Posts: 3,634 Forumite
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    Can't the OP approach other lenders to see if their valuation is closer to the developer's price? Can't they approach the developer and negotiate on the price using the Halifax valuation as the grounds for negotiation? 
  • GDB2222
    GDB2222 Posts: 24,834 Forumite
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    Champaignenolonger said:
    That may well be right, but we don't understand how the other flat on the same development was valued at 427. The other flat is even smaller than ours! Both valuations with halifax. 
    It's a small development of 25 flats. 


    There may be a discrepancy, but you don't know yet which was wrong. :)
    No reliance should be placed on the above! Absolutely none, do you hear?
  • ReadySteadyPop
    ReadySteadyPop Posts: 184 Forumite
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    jonnydeppiwish! said:
    Undervalued or just valued at the current market rate? Who told you the value of the other property?
    The other flat was valued at around the same time I believe.
  • ReadySteadyPop
    ReadySteadyPop Posts: 184 Forumite
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    Any updates?
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