• Georgia
    0
    I am buying my first flat and have just got the survey back. The property has been valued at £50,000 below the price that I have offered. I can't understand why the valuation is so low as similar flats in the building have sold for £170k and £180k in the last 6 months. The flat that I have gone for was on the market for less as it needed a new kitchen and a general upgrade. I'm not sure whether I should go for it or not. If I don't, it will be difficult for me to find a similar size property in this location and price range. If I do go forward, I don't know what the implications are.
  • Maisie
    0
    Could you speak to the surveyor to see why the valuation is so low? You'll be able to see a lot from the report I imagine, but perhaps speaking to him might shed more light on why the value is so low and help you decide what to do?
  • Starry
    0
    Speak to your solicitor who should be able to advise you. It's likely that they'll have come across this situation before.
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