Why the asking price is not always the real value of a home
The asking price reflects what a seller hopes to achieve, while a bank valuation reflects what the market supports.
The asking price reflects what a seller hopes to achieve, while a bank valuation reflects what the market supports.
A house can feel perfect during viewings but still cause problems later because some risks only appear once formal checks begin.
Some properties are harder to finance because banks assess resale risk, valuation, and property type, not just the buyer’s finances.