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    Bank Valuation came way less than expected

    I had this with one of my IPs. After the purchase, I thought to re-finance and take some equity out based on bank's higher valuation. However, that time, bank valued it to the original purchase price and re-finance didn't go through.
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    Bank Valuation came way less than expected

    I'm going with CBA with the re-finance. Their desktop valuation came satisfactory.
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    Bank Valuation came way less than expected

    Good stuff Jim !
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    Bank Valuation came way less than expected

    Given my experience and feedback from others, be prepared to shop around. Also, when I bought a property couple of years ago, at the time of purchase, the bank valued the property more than the purchase price :eek:. Then I thought, oh great, I'm going to get some equity out and started a...
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    Bank Valuation came way less than expected

    Thanks, checking few things. I'll let you know how I go.
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    Bank Valuation came way less than expected

    Thanks for the replies. I guess it's how much the lender wants to keep the customer. e.g. Because the valuer under valued the property, the lender is going to loose the business. The loan amount is not that huge (< 500K) so lender probably wound't care.
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    Bank Valuation came way less than expected

    Hi all, I wanted to re-finance my PPOR to release some equity but the bank valuation came way less (it was actually less than when it was valued 2 years ago :confused:). Going by the sales around the area, it's clear (IMHO) that the valuer got it wrong. Valuation was done via a site visit...
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