The flat I want to buy has been valued £150,000 over the Zoopla estimate?
I recently approach my landlords in regards to buying the flat that I am renting. The quote for my flat on Zoopla ranged from £292,000 £310,000. Confident on this estimate I approach my landlord who was happy to sell after getting some valuations from estate agents. In total we had three agents value the property who produced a value range of £400,000 to £450,000. However, £150,000 over the Zoopla estimate seems to be extreme. I'm seven months into a three year lease on this property and I'm really confused on how to move forward as my initial budget was £300,000. My landlord had no intention to sell the property before I approach them but obviously after seeing the gains they can make they are now keen to sell. I really want to purchase this property and long-term had no plans of moving out. Is there any way for me to negotiate? Is there any leverage in being a sitting tenant? Also I want to know how to tell if the valuation from the local agents are correct?
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