Are there ways to pick the best possible time to have your investment Property/properties valued for equity. Beside talking to Realestate Agents and looking at comparison property sales is there any other suggestions? Maybe websites, etc, that you would trust to accurately value your property before sending in the valuers?
Picking the best time to value your IP
- Thread starter Jenko
- Start date
RP data/ Price finder to find comparable SOLD data.
Typically i find prices are higher during the summer/spring buy frenzy- as prices tend to peak during summer with more sunlight and outdoor actives etc..
So i personally always re-value most of my " house/land" properties right after summer for equity ( the summer sales normally shows up in the valuers recent comparable)
Typically i find prices are higher during the summer/spring buy frenzy- as prices tend to peak during summer with more sunlight and outdoor actives etc..
So i personally always re-value most of my " house/land" properties right after summer for equity ( the summer sales normally shows up in the valuers recent comparable)
when the valuer isnt grumpy 
Thur and Friday works best
ta
rolf
Thur and Friday works best
ta
rolf
when the valuer isnt grumpy
I experienced a first yesterday - a phone conversation with a "reasonable" valuer who agreed to amend some wording on this report
Cheers
Jamie
Thanks Mick yes that makes sense I might have a look now then compare prices after spring.
RP residex APM et al, are just a guide.
if you have a prop thats way below the median, OR you bought way below market at the time, this tends to flow through the algorythm for a result that looks so so
ta
rolf
I just went through and valued all of them so I could get an idea on how accurate the values where. I valued properties at weipa, rocky, Gladstone, Boyne island, chinchilla and Scarborough. Most where I would say $50- $70k lower then I would of expected however the chinchilla property was about $50k higher then expected.. That's not accurate enough for me. Maybe it's because of low sales volumes?
thats what they all say.....
Haha..
Can someone try it and see what they come up with? Maybe something that you know what the value is and compare the two.
If it's accurate, I'd better get another job...
I am on the same boat as you with rpdata AVM. they seem to be way off to some comparable.
like Mike_C said, continuous monitor the comparable in your area, say last 3 months. as soon as you get a superior, comparable and inferior property that is in your favour, go for it.
like Mike_C said, continuous monitor the comparable in your area, say last 3 months. as soon as you get a superior, comparable and inferior property that is in your favour, go for it.
It's a guide only and won't work on all properties. I also find they are too heavily reliant on the properties past sale price
