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  • If its a physical survey being done by a chartered surveyor they will have what is known as a 5pc bracket. That means they can sign it off with a 5pc margin for error on their part, without the risk of being sued for negligence. 30k over at 350 does sound a little punchy to me but stuff in East London goes under offer for over asking quite often. One I saw the other day was a house at 950 and it sold for 1025000.

  • @Jaaamie

    In Scotland things can go for outrageous amounts over valuation (see my post upthread).

    I believe I've seen, but can't find an example of, a surveyor valuation with a caveat that the market conditions are disrupted and valuations need to be regularly reviewed. Whether this means they'd entertain a re-valuation at very short notice just due to market pressure I have no idea, and I'd be fearful not.

  • Yeah from all the stuff i've heard about Scotland it seems that the system up there is lots better in some ways but also wilder in others.

    Good to know about valuations being temporary / provisional.

    Cheers

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