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ross198007

Reddit URLhttps://www.reddit.com/user/ross198007
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r/Glasgow posts101
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Interests:

  • Home report valuations in areas like those you mention are nonsense Say I am a surveyor being asked to value a flat in a west end street. The last 3 comparable properties in the area sold for 100k. So, you would expect the valuation to be 100k or even a little bit more dependent on condition of the property / rising market. But the surveyor will give a home report value of £80k, not £100k. Why? Maybe to protect the lender. Because if it does crash they will have an added layer of protection. Also, estate agent asking prices are taking the pee as well. But I won't get into that conversation lol by ross198007 (Sat 25th Jun 2022 2:58pm)
  • I know a guy who has recently retired as a surveyor and was honest about his conservative valuations. Post 2007 and previous market crashes, lenders could go after surveyors if they had valued to high etc So perhaps they will always err on the side of caution Basically a lender needs to know "if we reposes this property tomorrow, what can we get for it and quick" So the whole system is flawed and I don't envy 1st time buyers at all by ross198007 (Sat 25th Jun 2022 4:39pm)
  • Think I know who you are talking about, as I've seen him on Dumbarton Road. Think he stays in a tenement too, with 5 massive dogs! by ross198007 (Sat 26th Nov 2022 11:55am)
  • Good luck mate. My mum was in a bad way this time last year and has been in meetings since January She goes most days now and is like a totally different person by ross198007 (Sun 27th Nov 2022 8:43pm)