The Survey Manipulated by Buyer to Drop Property Value by £150,000

The latest episode of the Agents MVMT podcast “Pass the Syrup,” hosted by Ben Madden, includes guests Jonathan Handford from Fine & Country, Wendy Peterman from Petermans, and Steph Walker from The Agency UK.

In this episode, the guests delve into the lengths some individuals will go to reduce a property’s selling price. Jonathan Handford shares an incident where a buyer altered a surveyor’s report to decrease the property’s value by £150,000 and negotiate a lower price.

Steph Walker discusses the potential changes in real estate agency fees in the UK, referencing a recent lawsuit in the USA concerning fees and buyer representation, and contemplates the lessons the UK can take from the American approach, including opportunities to increase fees.

Wendy Peterman brings up the issue of the growing lack of appreciation and respect not only in the real estate industry but also in society in general. The guests share their personal experiences and thoughts on the best ways to deal with difficult situations they’ve encountered.

The podcast episode also includes humorous anecdotes and a regular segment with Chris Watkins.