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Valuation much lower than agreed sale price

Is it unusual for lender's valuation to be 30k below agreed sale price (500k compared to 530k)?

Asked on Aug 12 2013, Selling in London | Report content

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  • Yes it is please call us for any more information.

    Answered on Aug 14 2013, Report content
  • Being an estate agent for many years this is something which we have come across as well. Unfortunately you will sometimes find that the estate agents knowledge in a certain area may be greater than the surveyors. What you need to do is to speak to your agent and gather evidence of other sold properties within a close proximity of your property to prove that the price it is being sold for is the right price. I believe you can always ask the surveying company for a second opinion if you have evidence to back up your claims however it can sometimes take a little time. I hope this helps but good luck!

    Answered on Aug 14 2013, Report content
  • Not unusual, it is very unlikely a surveyor will value more than you paid, so at best it is the agreed price and often the surveyor knocks a bit off

    Answered on Nov 5 2013, Report content

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