I need a good valuer in Sydney

From: Owen .


Help. I just got my recently renovated apartment valued by one of the big valuation firms and it came in well below expectations.

I met with the valuer, I extolled the virtues of the apartment and complex, proved the bargain price I had bought it for and why, provided comparative pre- and post-renovation sales info for the area, Residex reports, home price guides, rent quotes etc but all this was ignored and he reviewed 6 month old sales data and my purchase price instead. The valuation actually came in under the original vendors asking price of 6 months ago. A joke.

Can anyone please recommend a name or company that they used in getting the valuation they required. I really need your help.


Thanks,
Owen

"Gambling promises the poor what property performs for the rich – something for nothing"
 
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Reply: 1
From: Rolf Latham


Hi Owen

And to top it all off he/she even charged you for the service just to rub it in.

Place a complaint in writing in the first instance direct to the valuer, asking him/her to justify the valuation.

Valuers are a conservative and fickle lot, to the max. I have recently had a diff of 40 k on the same property by 2 valuers in Sydney presented to me by a client, a diff of some 15 % !!!

Ta

Rolf
 
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Reply: 1.1
From: Waverly Bay


Owen - sorry to hear about your experience. To help us understand your situo, could you advise on :

1)how many units in your complex/block?

2) Did the valuer use sales in that block to justify his/her valuation?

3) Did the comparable sales listed by the valuer in the valuation report correspond with your list?

4) What suburb is the property

cheers


Waverly
 
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Reply: 1.1.1
From: Owen .


On 11/29/01 11:31:00 PM, Waverly Bay wrote:
>Owen - sorry to hear about
>your experience. To help us
>understand your situo, could
>you advise on :
>
>1)how many units in your
>complex/block?

*** 140 units.

>2) Did the valuer use sales in
>that block to justify his/her
>valuation?

*** Yes but ignored other sales in the area.

>3) Did the comparable sales
>listed by the valuer in the
>valuation report correspond
>with your list?

*** Yes they did but the most recent sale on his report was 3 months ago. There is a very long story with this block but there have been significant changes in the last 6 months and this has been reflected in the most recent sales prices. Also, my apartment has been completely renovated and is 1 of only about 8 in the block with city views making it comparable with apartments in other developments. The block over all is in excellent condition with excellent facilities.

>4) What suburb is the property

*** Alexandria.

>cheers
>
>
>Waverly

*** PS Do you have any valuer recommendations?




Owen

"Gambling promises the poor what property performs for the rich – something for nothing"
 
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Reply: 1.1.1.1
From: Joanna K


Hello Owen,

I'd be more than happy to recommend 2 good valuer to you, they both do most of our work:

Malcom Gunning - Malcom Gunning Partners (ph: 9586 3000), or

Max Bell - Max Bell and Associates (ph: 4226 6699). He's based in Wollongong but goes anywhere.

Kind regards
THE RENTAL SPECIALISTS

~~~~~~ ~~~~~~~~~~~
Principal

www.rentalspecialists.com.au
rentals@rentalspecialists.com.au
 
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Reply: 1.1.1.1.1
From: Owen .


Excellent. Thank you Joanna. I'll give them a call now and let you know how I get on.



Owen

"Gambling promises the poor what property performs for the rich – something for nothing"
 
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