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Thanks RV. Very interesting comments, esp the one about the clients wanting a free val when you had already saved then $42,000.

RV, out of interest have you ever been offered 'incentives' or threatened?

If you cannot complete and the builder has to resell at a loss you could be sued for any short fall as well as losing your deposit. But it hopefully won't come to this. If you cannot settle you may be able to get them to agree to just keep your deposit and call it quits. If they do want to...

Do you have much in the way of assets? It may be cheaper for you to lose the deposit and walk away from it. This will save you money because you will be losing $32,000 instead of $42,000 because of the drop in value. You should take legal advice. The vendor may not sue you for more if you...

If you paid $320,000 and they are coming in at $42,000 less = $278000 80% of this expected valuation is $222,000. This may be the max loan amount. You need to come up with $320,000 - $32,000 = $288,000 If the max loan size is $222,000 then you need another $66,000. Plus there will be...

It is extremely likely that your valuation will come in low. Quickly see what you can do about finding extra money just in case. Or maybe try to terminate the contract - are they running behind schedule? Maybe gone over the sunset clause?