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    • Netskee
    • By Netskee 13th Sep 17, 12:08 PM
    • 2Posts
    • 0Thanks
    • #1
    • 13th Sep 17, 12:08 PM
    Valuation 13th Sep 17 at 12:08 PM
    Hi. I'm a first time buyer and we have found a house that we love. We put in an offer of the full asking price and it was accepted. We have had a home buyers survey and the valuation on that came back at 5000 less than what we offered. Should we re negotiate? There was also a report of damp but after another survey from a damp company they have said that it's just the new plaster drying out. The house has been gutted and everything started again from scratch so there's nothing I can pick fault with really.

    Any help would be great. Thanks
Page 1
    • Natbag
    • By Natbag 13th Sep 17, 12:15 PM
    • 1,162 Posts
    • 803 Thanks
    • #2
    • 13th Sep 17, 12:15 PM
    • #2
    • 13th Sep 17, 12:15 PM
    This just happened to us, but on the property we are selling - by 10k.
    It's definitely worth re-negotiating as the sellers could go back to market, but run the risk that a) they'll struggle to get another buyer and potentially lose out on their own purchase and b) another valuation could come back the same. For such a small amount, it could be distributed up the chain, for example, of that 5k you put in 1k, they knock off 2k and the house they are buying knock off 2k (if applicable). This is what we are looking to do at the moment.
    • hazyjo
    • By hazyjo 13th Sep 17, 12:16 PM
    • 10,711 Posts
    • 14,065 Thanks
    • #3
    • 13th Sep 17, 12:16 PM
    • #3
    • 13th Sep 17, 12:16 PM
    Yes, you can certainly try. Although the seller is under no obligation to drop the price.

    Can you afford it if they won't drop?

    It seems to happen fairly frequently when someone offers full price (not sure why anyone would unless it's just come on the market or if properties having 30 people at an open day).
    2018 wins: Single Malt Whisky; theatre tickets; festival tickets; year of gin(!); shoes
    • Netskee
    • By Netskee 13th Sep 17, 12:41 PM
    • 2 Posts
    • 0 Thanks
    • #4
    • 13th Sep 17, 12:41 PM
    • #4
    • 13th Sep 17, 12:41 PM
    It had just come on the market and we were the first to view. There is no chain either end so it makes me wonder if they will just re market it if I try. Kicking myself I didn't offer less in the first place
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