Selling houses: when the price is not right |
You might think you have agreed on a sale, seller and buyer might be happy with the price, but then along comes the lender’s valuer, who feels the weight of history on his back and who decides to err on the side of caution in case of another downturn (the feared second dip of the recession). So he says the property is worth less than the price you have agreed upon. Behind him stands a financial institution that, at the moment, is finding as many reasons as possible not to lend.
|