Theres quite a few of us in this boat at the moment whereby the AHP are not reconsidering valuations on properties they have offered us. Now im not talking about valuations that were done months down the line here after the properties were offered to us, im talking weeks! What i thought was a fantastic deal turns out to be not quite as good as i thought. I havent signed a contract yet, therefore should be entitled to buy at the current market price, which is €25k less than the AHPs stated price. I dont know whats going on with them as they have fobbed alot of people off over the last few weeks. They say they are undertaking a review of all valuations at the moment so lets hope they come back with something positive for us.
Supply and demand 101. If people start withdrawing from purchases the sellers will be forced to lower their price. The "discount" has created an artificially high demand for these properties.
I don't think there's very much good advice that can be given to people in this scenario. This scheme would have seemed like a no brainer last year. I guess people now need to take stock and make some real decisions.