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Originally Posted by Janet  Yes, or they get an absolute bargain if you do take it .......  |
Probably hit the nail exactly on the head there Janet. The firms in the UK work on that basis. The valuation is probably genuine but any offer is then based on the valuation which will be quite low
The Company will of course have costs in financing and marketing to sell it on (although a few Companies in the UK source their property for rental this way which allows them to pick them up cheap) and on top of that they will want to make a healthy profit that reflects the risk that they take if they can’t offload the property quickly.
One thing you can be sure of is that the price offered in the current climate will be low.
Don’t waste the valuation money if you are not prepared to accept substantially under a realistic market price.