Hi
Does anybody have extensive knowledge as to how bank valuations work for properties?
The reason I ask is I recently put down a deposit for a property for X amount of dollars and when the bank valuation came in, it matched the exact amount I offered. I've asked a few friends and they've said the same thing happened to them.
I find it strange that the figures are an exact match. Was expecting it to be off by a few hundred/thousand either way.
Thanks in advance.
Does anybody have extensive knowledge as to how bank valuations work for properties?
The reason I ask is I recently put down a deposit for a property for X amount of dollars and when the bank valuation came in, it matched the exact amount I offered. I've asked a few friends and they've said the same thing happened to them.
I find it strange that the figures are an exact match. Was expecting it to be off by a few hundred/thousand either way.
Thanks in advance.