So I've had my IP revalued after a spruce up and new lease etc.
My house is a tidy partially renovated 3bed fibro. Reno was new paint + polished floorboards. My house has 2 advantages its DA approved for a duplex + its got a fully self contained detached granny flat in the rear of the property. My land size is on par or slightly larger than the three comparables.
It came in at $500k - Not a bad little rise in 12 months.
My issue is that just 5 houses up the road an unrenovated 1970's 2 bed brick veneer just sold for $509k, + 2 other recent sales that I gave the valuer that we're $528k and $549k. These two we're a 3bed and a 4bed with LUG.
All sold within 4 weeks of my valuation and I offered the valuer the details from RPdata + the agent details for them to confirm if needed.
My house can be used in many different forms and the agent who sold the three examples I offered the valuer, believes he'd sell it for $530k no problems and if all good as much as $550k
I've questioned the bank re the valuation and the valuers have responded by saying they are sticking by there valuation.
Whats the point of getting comparable properties if the valuers make the figures up as they go along?
My house is a tidy partially renovated 3bed fibro. Reno was new paint + polished floorboards. My house has 2 advantages its DA approved for a duplex + its got a fully self contained detached granny flat in the rear of the property. My land size is on par or slightly larger than the three comparables.
It came in at $500k - Not a bad little rise in 12 months.
My issue is that just 5 houses up the road an unrenovated 1970's 2 bed brick veneer just sold for $509k, + 2 other recent sales that I gave the valuer that we're $528k and $549k. These two we're a 3bed and a 4bed with LUG.
All sold within 4 weeks of my valuation and I offered the valuer the details from RPdata + the agent details for them to confirm if needed.
My house can be used in many different forms and the agent who sold the three examples I offered the valuer, believes he'd sell it for $530k no problems and if all good as much as $550k
I've questioned the bank re the valuation and the valuers have responded by saying they are sticking by there valuation.
Whats the point of getting comparable properties if the valuers make the figures up as they go along?