What does 'Down Valuation' mean when buying a property?
Find out what Down Valuation means when you are buying a property. 'What does Down Valuation mean?' plus over 150 other property related terms and jargon in plain English
After you have agreed a sale price with the vendor you, or the lender who is providing a mortgage, may instruct a surveyor to confirm the property is really worth the price you have agreed.
If the surveyor believes you are offering too much he will 'down value' the property. The result of his report is known as a down valuation.
To find out how you can avoid down valuations ... or repair them after they have happened, pick up a copy of my ebook How to Really Buy a Property.