Property Valuation - Under-valued

My advice is, all you did was agree to a sale, non-binding. You didnt actually sell your house on any of the occasions you refer to.

Its worth what someone will pay for it. that will certainly be influenced by what a valuer says its worth. You can't contest it, all you can do is sell, or not, at an agreed price. They dont have to buy at the valuers price either (though they effectively might have to if they are going for a very high % mortgage)

Everything is possible but you'd have to find a link between the buyer and the valuer. If you do, report them to the bidy that looks after their profession,a nd their employer. BUt you'd needa stack of evidence, not easy to do.

If you can find similar houses going for much more, dont sell, and point out to your potential buyers the disparity (unless your house looks like one of the 'before' scenes in a house improvement tv show?). Or, can you reduce your offer for the other house you are buying (if you are???) by a similar amount so it makes no difference to you? Or split the difference between the prospective buyers, you, and the people you are buying from? for example, they pay 2.5k more, you drop your offer by 5k.

In message , Charlie writes

You havent sold anything till you get the dosh, so none of the supposed previous vaulations are of any value. You cant 'challenge' a valuation in the way you describe. You either stick out for your price or you give in. Dont be bullied.

Yes.

In message , Charlie writes

Why did the two sales fall through?

A valuation is one surveyors' opinion on a particular day and, whilst it is supposed to be based on comparable evidence, it is also extremely subjective. E.g. the pessimistic surveyor may hold the view that prices are falling, and is building this into his valuation. In 17 years in agency I never managed to convince a surveyor to increase a valuation once it was in writing.

All you can do in these circumstances is tell the buyer to take it or leave it - if they cant get the mortgage, that's their problem, and/or ditch the sale, look for a new buyer, and hope that their surveyor is more realistic.

Having said that - if 2 sales have fallen through, there must be a reason, which could be price, (no matter what the previous surveyors had agreed, and no matter what the "buyers" told you..

In message , Charlie writes

Who is the mortgage company? Do the buyers have much deposit? I find that if there is a very small or nil deposit the surveyors tend to be harsher with the valuation (to cover their backs). If you kick up a fuss the standard response tends to be: get three or four other (surveyors') valuations and then they will consider it.

Is there a reason that the sales have fallen through? Is there a management company issue or something?