15:14 PM, 6th September 2022, About A year ago 6
After several years of onerous taxes regulations etc. etc. I finally put my London flat on the market for sale. I got the asking price of £550k but the buyer’s valuation is 5% below the asking price at £525k
Options could be:
1. Take it on the chin?
2. Remarket it hoping a different valuer/ surveyor is more upbeat?
3. Rent for another 2 years?
I don’t need the money urgently, but with new EPC requirements, etc I just want to get out of the BTL area.
Any advice or options are welcome.
The Agent suggests taking it as the market looks precarious with rising interest rates.
Presently they are seeing a trend of downvaluing.
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