Search results

Sorry, you're wrong. Your purchase price effectively defines what the market is. Two people agreed on that price, the buyer and the seller. I'm sure they wanted more and you wanted to pay less, but you can to an agreement thus defining what the market value is for that property. The...

Valuations higher than purchase price only tends to happen with off the plan properties, and that only gets recognised by lenders if the valuation is at least 6 months after the purchase. Even then it's touch and go. I'd say the number of valuations for a negotiated private sale that come back...