Hi all (especially the brokers!)
My new build house (in Sth East QLD) has reached practical completion stage and I have sent all required paperwork to Homeside/NAB for them to release the final payment.
I understand that they will be sending a valuer out to make sure that there is a house where there should be a house and it is finished etc.
How long does this valuation process take? How long should I be expecting to wait between submitting the paperwork (via the broker) and being able to pick up a bank cheque in a branch? And is there any way to speed this up?
Any advice greatly appreciated.
p.s- as a slight aside, I've always been curious how closely the valuers look when they do these inspections. Are they going to do a full walk through to check that the house has been 100% completed or is it more of a drive by/cursory glance through a few windows before they race off to the next job?
My new build house (in Sth East QLD) has reached practical completion stage and I have sent all required paperwork to Homeside/NAB for them to release the final payment.
I understand that they will be sending a valuer out to make sure that there is a house where there should be a house and it is finished etc.
How long does this valuation process take? How long should I be expecting to wait between submitting the paperwork (via the broker) and being able to pick up a bank cheque in a branch? And is there any way to speed this up?
Any advice greatly appreciated.
p.s- as a slight aside, I've always been curious how closely the valuers look when they do these inspections. Are they going to do a full walk through to check that the house has been 100% completed or is it more of a drive by/cursory glance through a few windows before they race off to the next job?