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House Price Crash Forum

Goodbye Offers Over Hello Unrealistic Home Report Valuation


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The financial crisis has really affected the workings of the Scottish Property Market. It seems long ago we had the offers over system for buying a property. It's decline forced the industry into a new approach- that of the home report and valuation. The offers over system tried to raise the ceiling on house prices, this home report valuation tries to raise the floor on house prices.

Today some 70% of houses sell for less than their valuation. This is simply because the whole housing market is overvalued by the home report system. The home report valuations simply refuses to move with the fact that houses are selling for less.

This is not a free market at all. Time to call in a regulator.

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