Many sellers think that the price
of their home is determined solely by what they
are willing to accept and what the buyer is willing
to pay.
There is one more variable that
can complicate the sale of a home--the Valuation
Report.
To protect the interest of their
investors, the mortgage lender hires a Surveyor
to give an independent, objective evaluation of
what the property is worth.
If the appraised value is lower
than the selling price, we can give the appraiser
information about neighbouring homes that have
recently sold that support the seller's price.
If an appeal to the Surveyor is
not successful, some delicate negotiations will
follow.
Both the seller and the buyer may
have to make concessions to make the transaction
work.
The bank may ask the buyers to increase
their down payment or ask the sellers for a reduction
in price.
Selling property, Buying property, Renting property,
Letting property in Hampstead, West Hampstead, South Hampstead, Belsize
Park, St Johns Wood, Kilburn, Maida Vale, Belsize Park,
Swiss Cottage, St Johns Wood, Kilburn, Cricklewood and North West London,
NW1, NW2, NW3, NW6, NW8 and W9
Estate
Agents, Letting Agents and Management in Hampstead, West Hampstead,
South Hampstead, Belsize Park, St Johns Wood, Kilburn and Maida
Vale, Swiss Cottage, Cricklewood and North West London
