Owning your own home

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  • Our purchasers have appointed an "independent property valuation consultant".

    Think we might be in for a bumpy ride.

  • Cunts. After you sacked off another load of viewings to accept their offer. Doesn't sound like you're in a position where you need to put up with being lowballed, so fuck them.

  • Is this to negotiate the price (which they offered and you accepted) down after the agreement had been reached?

    If so I'd fuck them off now, as Tommmmmmmmmmm says.

  • Independent and consultant.... But they work for the purchaser. Hmm.

  • Pull out!

  • That what she said etc...

  • If they try to negotiate put the price up by what they are trying to knock off.

  • Maybe they work for free?

    ROFL etc.

  • Scumbag tactic. Offer over asking to secure, instruct someone to knock price back down?

    Wow.

  • Yups...
    Let's see what comes of it, but as I see it it was them who made the offer.
    If it is a figure they aren't happy to pay then they shouldn't have made the offer.
    If they want to begin some bullshit they can whistle for it.

  • You need to fuck that off immediately.

  • Indeed. There is no such job as what this person says they are. If the buyer wants a valuation they should appoint a Valuer, usually as part of a mortgage application.

    I'd get the agent to ring the other interested parties to put them on notice that you'll probably be coming back to the market because the buyer is dicking about and get them to schedule viewings for a few days after the visit. Worst case you can just cancel them again, but I don't think you will be. :(

  • Oh fucking dear. It's cunts like that that fuck it all up for the rest of us.

    Tell them to do one - but not as politely. Your home is expectionally well appointed you'll have no problems findings a decent buyer with a shred of integrity. Bin them off now or they fuck you over at the last possible minute.

  • This sounds like a good idea, it will get back to the buyer I assume. Also set the time frame, don't let them drag it out. They may think that if they can stall it enough you'd be more likely to negotiate

  • If they're titting about like this this early on I'd be worried of them chipping their offer at completion

  • ^Exactly, 11th hour, everything just about to complete - and they say "we're reducing our offer by 10% due to being total cunts, take it or leave it".

    They have, very usefully, shown you at a nice early stage that you cannot trust them - thank them for that and wish them good day.

  • I would wack it straight back on the market.

  • Would rather sell at asking to someone who isn't a massive cunt.

  • See what these "valuers" say, and take it from there.

  • If they're titting about like this this early on I'd be worried of them chipping their offer at completion

    Agreed, but just wait and see what the 'valuer' says first. Sometimes inexperienced buyers and forruns google things and fall for the marketing hype, they may not be cunts and the 'valuer' may say the price they are paying is OK.

    Probably not, but don't lock the baby before the bathwater has bolted.

  • Also, have the EAs had much to say about this?

  • what the fuck is an independent property valuation consultant, anyway? someone who doesn't want to be known as an estate agent and isn't a chartered surveyor?

  • I spend a lot of time staring at rightmove/zoopla, so I'm probably qualified.

  • I think it's like a house doula.

  • I read your previous posts about loan to value shortfall, we're currently on the other side of the fence where our buyers mortgage valuation is £40k less than our accepted offer. Did you find a resolution with the seller or walk away in the end?

    Yes we found a middle ground.
    I offered the middle point between value and agreed price £X20K
    They said they had a private offer of £X10 and so in order to make it worthwhile going with us and via Foxtons to cover fees they needed £X30.
    I said £X25 or we walk and it was agreed.

    I can cover this £25K shortfall in my deposit, but that's the problem for the buyer I guess.

    Your problem would be the bank valuation should/would be consistent across lenders so you may have this problem if you were to go with another buyer.

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Owning your own home

Posted by Avatar for Hobo @Hobo

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