Just gone sale agreed but the bank valued the property 21% less than the offer agreed. Quite a big difference really.
What should happen in this situation.. go back and renegotiate with the vendor, but possibly risk loosing the property? Or just bite the bullet. Any advice welcome. The agent is putting pressure on to sign. Like the property but I don't like the idea of voluntarily starting on negative equity.
What should happen in this situation.. go back and renegotiate with the vendor, but possibly risk loosing the property? Or just bite the bullet. Any advice welcome. The agent is putting pressure on to sign. Like the property but I don't like the idea of voluntarily starting on negative equity.