This might be a facile comment, but if many people are willing pay above what the report says is 'market value'... then the report is wrong.
What area are you in as my experience in London recently is almost the exact opposite.
Maybe in Scotland it is different but the banks up here will only give you a mortgage for the value in the home report.
So whatever you need to match/beat the bids of others above the home report value has to be in cash (as well as 5 or 10% deposit).
@gillies started
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This might be a facile comment, but if many people are willing pay above what the report says is 'market value'... then the report is wrong.
What area are you in as my experience in London recently is almost the exact opposite.