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Coppice lanner4/5/2023 ![]() Remember, houses that are for sale but aren't under-offer yet may well be over-valued. If your offer is too high, the lender may cap the amount they will lend to you. If you find yourself going into sealed bids when buying a house, make sure you are comfortable with the offer you make (you don't want to end up with negative equity).įinally, it is important to remember that the lender will always check the valuation before finalising a mortgage offer. House prices can rise dramatically when buyers enter into competitive bidding and the final sale price may well exceed a property valuation. Unusual properties tend to suffer from more volatile prices as buyer demand can easily create a bidding war. ![]() House prices are partly determined by the condition of the property but in addition to this, they are also heavily influenced by the owner and how quickly they want to move - if they require a quick sale, they are more likely to accept a lower offer. Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.
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