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mustardbeak
I'm buying a little three-bed house in Hither Green. Our offer, at 1% short of the asking price, was accepted a few weeks ago.
The mortgage valuation (arrived at without actually visiting the property) came in last week at 5% under asking price. We're having a survey done on Wednesday. If our surveyor's valuation also comes in at about 5% under asking price, how much of a dick move would it be for me to start renegotiating with the seller about the purchase price? Given that we've already agreed a price, do I have any moral right to start renegotiating simply on the basis of two lower valuations?
The sellers had the house on the market for a year before we came along and they have had their own offer accepted on an onward purchase. We're chain-free. All of which means that we've kind of got them over a barrel. But I like to think that I'm not a total prick.