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Legal precedent for Valuers where they value a property negligently ............

Valuers breach and complaints Hi Here is some research info Check out the Valuers Board of QLD website http://www.valuersboard.qld.gov.au/complaints/ One of the decisions below states the valuer " failed to verify factual data that may affect the valuation and was negligent in your...

Inflated valuations and property scandals Certainly the standards in the property and valuation industry are questionable It is worthwhile reflecting back on the professional standards that existed in the finance industry in Australia in the 1990's to 2000's For instance in WA there was...

Fair Market Bank Valuations Are Easily Manipulated in Australia Call it slight of hand or smoke and mirrors, Australian property valuation standards are low and can be manipulated to benefit the commercial interest of valuers and the banks. If buyers and borrowers believed they were...

Come on... If a contract for sale of land offer is subject to finance, the standard lender process requires a bank valuation. That is routine thank you very much. Come on... First home owners do not purchase property with cash. The vast majority will be subject to finance. Do you...

Valuers set market price This is a pretty good topic. 18 replies and 192 views today Having observed the buying frenzy in Perth in 2006 as a buyers advocate, valuers approving just about anything and lenders accepting crazy short term growth it provided me with an insiders point of view...

During the boom in Perth some Valuers overvalued property. The buyers (FHO's) accepted the trusted specialist, the licensed valuer and the bank accepted the valuation. Everyone wanted a sale, commission and the lender seeking interest income. With e.g. 80% LVR (20% owner equity), 90% LVR (10%...