Many are OTP so the best you can do for your client is order an "as if complete" valuation and cross your fingers (and toes) that it values up once complete?
I like the NRAS and agree it is good in principal but hesitant to refer clients for the very reasons outlined above in regards to property marketers. Would be good to get some more info on the reputable operators Euro?
I did an OTP that came in at 405k PP was 430k and got revalued on completion for 425k in West Manly, Brisbane. Not sure if it was due to a rising market or a different valuer, or maybe the same valuer who decided it was worth more once completed?
I have done half a dozen NRAS deals and only one has come in at valuation. The rest where between 10-25K under. I let my clients know what the valuation was but they decided to proceeded anyway. It has been explained to me that the valuers who under value do so because they assume that a...