So there is no point, giving them links to uglier, smaller properties that sold for more than their ridiculous valuation? I would be super grumpy if valuation came in really low again. Too many break fees to move fixed interest.Pay for the VAL or move lenders ...... which may seem overkill to save a VAL fee
I guess there are some valuable lessons there for others about to embark on the fixed rate funSo there is no point, giving them links to uglier, smaller properties that sold for more than their ridiculous valuation? I would be super grumpy if valuation came in really low again. Too many break fees to move fixed interest.
Yes, your typing/voice keeps ringing in my ears about fixed ratesI guess there are some valuable lessons there for others about to embark on the fixed rate fun
Typically a VAL review may yield a 1 in 10 higher VAL
Thanks, I will do. It's one of those tiny suburbs where the best properties are tightly held. I can see how it could easily be skewed if you weren't too familiar with area.As a valuer, I don't get annoyed when people hand me appraisal information, aslong as they are sales that have settled and the agent is not 'buying a listing' with their appraisal..
It wouldn't hurt
I don't see many valuers falling for that one.Well, you can make any property worth whatever you want. You just need to pick the right sales.
Part of the problem is there really isn't many sales to use. There has been two sales recently that are really run down. Built in the 80's with no improvements. They have brick interior walls rather than plaster. Mine is well maintained and built ten years later plus had some improvement and built by quality builder. Last valuation was only about $120,000 more than replacement cost of house. Would it help any To get value of land and value off builder to build house?I don't see many valuers falling for that one.
If you're going to give a valuer comparible sales, do comprehensive market research and give them genuinely comparible sales instead of wishful thinking. Valuers will find their own sales if your information is limited, and you'll probably end up disappointed.
Duck for cover ...., I think:Yes, really. My own property was valued by one valuer at $1.8m, then a month later it was valued at $2.5m.
Another was valued at $900k and a month later at $1.5m.
What do you think?