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I get this aswell, it very annoying how they split the land and improvements. I had a valuation for a construction loan come back, the valuer valued the land at $145k. Client purchased the land 2 months before for $149k. Funny thing was, exact same valuation company who completed valuation...

As I stated before this would happen, 98%... actually more like 99.5% of the time. Im assuming it didnt effect the deal, otherwise you would of went back to the bank/broker and got them to dispute the valuation

98% of the time the valuer will value the property at what you purchased it at. Why? Not sure? But my guess is that they see market value a being what someone was willing to pay for it... thats what you just did, therefor thats what its worth. Im the same, purchased property at auction...