Caporegime
So...house was put up for sale for a month ago. We had it valued by 3 independent local estate agents and two online agents. All 5 agreed to within 5k. Just so happens we priced it as an estimate at exactly where they did.
A lot of interest in the house, infact 2 offers within 24 hours at the bottom end of asking. We said nay and both upped it with one meeting us in the middle. Apart from this we had about a dozen other viewings in the week before we agreed to take it off sale with several coming for a second viewing.
Then the problems started - mortgage valuer came out and priced it 15% below the offer. Buyer agreed to find another mortgage provider. They did the same.
We approached 2 more estate agents. Valuations came in exactly where the others did.
Buyer tried a third lender. Same deal.
The market in our area is very buoyant with a lot of demand and similar houses to ours are selling for 5k either side of our asking price (thanks Zoopla!). The buyer has been looking in this area for 6 months and knows the property values here well.
What is with the huge disparity between the mortgage providers surveyor(s?) and estate agents, recent purchases, us and our buyers? How do we get around this and sell the house for what the market shows it to be worth?!
A lot of interest in the house, infact 2 offers within 24 hours at the bottom end of asking. We said nay and both upped it with one meeting us in the middle. Apart from this we had about a dozen other viewings in the week before we agreed to take it off sale with several coming for a second viewing.
Then the problems started - mortgage valuer came out and priced it 15% below the offer. Buyer agreed to find another mortgage provider. They did the same.
We approached 2 more estate agents. Valuations came in exactly where the others did.
Buyer tried a third lender. Same deal.
The market in our area is very buoyant with a lot of demand and similar houses to ours are selling for 5k either side of our asking price (thanks Zoopla!). The buyer has been looking in this area for 6 months and knows the property values here well.
What is with the huge disparity between the mortgage providers surveyor(s?) and estate agents, recent purchases, us and our buyers? How do we get around this and sell the house for what the market shows it to be worth?!