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Debate House Prices


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Surveyors blame price decline on credit crunch

2

Comments

  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Guy_Montag wrote: »
    EdInvestor do you really believe:

    100%+ LTV loans
    5+ salary multiples
    Self-cert for 40% of the population

    are normal?
    how can this be nomal?
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • oranger
    oranger Posts: 16 Forumite
    I'm buying a house at the moment and the surveyor downvalued it from £287.500 to £270,000 saying that you have to be cautious in this market. But the seller isn't budging (at the moment). So we'll see...
  • fc123
    fc123 Posts: 6,573 Forumite
    oranger wrote: »
    I'm buying a house at the moment and the surveyor downvalued it from £287.500 to £270,000 saying that you have to be cautious in this market. But the seller isn't budging (at the moment). So we'll see...
    How can the seller not budge if the valuation from the surveyor came in lower??:confused: Does he thing another surveyor will value higher?
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    dolcevita wrote: »
    (ps it has long been established that Edinvestor knows nothing about the property market so his posts here should not be taken seriously. But if you want to know the best paying ISA, he's your man)

    aww come on.... he gets plenty of bites... watching some of his banter with (insert name of any of the more zealous forumites) is great stuff....

    Keep it up EdInvestor
  • oranger
    oranger Posts: 16 Forumite
    fc123 wrote: »
    How can the seller not budge if the valuation from the surveyor came in lower??:confused: Does he thing another surveyor will value higher?

    My point exactly. Unfortunately EA is (as would be expected) on vendor's side, so it's just a waiting game. Money earning interest in the bank, so no real loss if it doesn't all work out...
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    oranger wrote: »
    I'm buying a house at the moment and the surveyor downvalued it from £287.500 to £270,000 saying that you have to be cautious in this market. But the seller isn't budging (at the moment).

    Well, you'll just have to increase your deposit a bit, won't you? :)Or perhaps you should reduce your over-inflated expectations of what you can afford to buy.
    Trying to keep it simple...;)
  • m00m00
    m00m00 Posts: 1,755 Forumite
    EdInvestor wrote: »
    Well, you'll just have to increase your deposit a bit, won't you? :)Or perhaps you should reduce your over-inflated expectations of what you can afford to buy.

    or the greedy seller can keep it on at that price for the next few years while hoping to find a buyer.
    It's a health benefit ...
  • Paul_N_4
    Paul_N_4 Posts: 344 Forumite
    EdInvestor wrote: »
    Well, you'll just have to increase your deposit a bit, won't you? :)Or perhaps you should reduce your over-inflated expectations of what you can afford to buy.

    LOL. So now you're arguing against the integrity of the very surveyors you've quoted in your original post.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    EdInvestor wrote: »
    Crash not expected.

    Breaking news - Pope is Jewish!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • jamescredmond
    jamescredmond Posts: 1,061 Forumite
    and bears really do take 'charmin' into the woods.
    miladdo
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