Discussion in 'Where to Buy' started by havinago, 17th Jun, 2014.
Yes straight away, that's entirely the point
Lenders take the lower of the valuation or the purchase price so you can't pull that off unfortunately - it does mean that after a few months you can draw out any equity gain however which may get you onto the path of buying your second property (a common strategy a lot of my younger clients are doing).
It's also extremely rare for a valuer to value above purchase price, as they hold the liability of justifying the above market price.
What do you guys think of this one in Hawthorn?
Everything looks pretty good to me and thinking of giving it a crack. Do you think it will go for much more?
Not a fan of the train line at the rear of the yard - and neither would lenders/mortgage insurers causing long term problems when you go to refinance/draw equity/sell.
Separate names with a comma.