the purchaser has to arrange a surveyors report
then the chances of the banks valuer coming up with different conclusions are very slim, so there is very little risk.
You should bear in mind that if the purchaser has already done his/her structural survey and this survey has shown that the house is in good repair and worth the price, then the chances of the banks valuer coming up with different conclusions are very slim, so there is very little risk.
On reading some of the replies here I must agree that I cannot understand myself why he cannot arrange a bank survey asap. Part of the reduced price deal was that he would wrap everything up in a short period.
Or in my case the bank's valuer coming up with a price that was 10k over the purchase price. They really didn't know how to handle that and it took a few days to move things along again.
Friends of mine who have experience of house selling have warned us that this conditional sign sounds odd and that if we sign our side of the contract we could be left hanging around for any length of time for that loan to be sorted out.
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