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Surveyors are not undervaluing property as the NAEA claims - but instead, estate agents are over-valuing property.
The National Association of Estate Agents today claimed that surveyors are purposefully under-valuing properties, thus adversely impacting the property market.
This is especially when someone applies for a mortgage, only to find the mortgage lender will only lend a smaller amount, leaving the buyer in difficulties in either securely the mortgage, or retaining best terms.
However, the NAEA claims, widely reported, can only be regarded as facetious.
Closely observing the property market in Scotland over the past two years, it is very apparent that despite falling sales, Scottish estate agents have trying to raise asking prices on properties where they can.
If this underlines the NAEA’s complaint, then it becomes very apparent that surveyors are not undervaluing property - but, instead, estate agents are over valuing property.
It …
Read the original article at Fnancemarkets
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Tags: buy, finance, markets, money, mortgage, rent, UK
