The Daily Telegraph - Your Money - - How To Sell Your Home For More -

Ask for de­tails of why the sur­veyor came up with a lower val­u­a­tion, such as de­tails of sim­i­lar prop­er­ties they re­lied on for com­par­isons

Check whether your buyer is pre­pared to chal­lenge the val­u­a­tion. If so, en­list your es­tate agent to send ev­i­dence of com­pa­ra­ble prop­er­ties which sup­port your view of the value.

Con­sider re­quest­ing a sec­ond opin­ion if the sur­veyor will not budge. You may need to fund the sur­vey, or share the costs with your buyer.

When de­cid­ing whether to ac­cept a lower of­fer, re­mem­ber that a buyer with a larger de­posit may be in a bet­ter po­si­tion to make up a short­fall be­tween what the lender will ad­vance and the pur­chase price, in the event of a down val­u­a­tion.

When re­mort­gag­ing, weigh up whether to ac­cept bor­row­ing less than you in­tended, or whether to re­lease the same amount as a larger pro­por­tion of the prop­erty value, which could af­fect your choice of mort­gage deal.

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