I am currently thinking of getting revaluations on both my PPOR and IP.
My PPOR is in an mid to inner suburb of Canberra and we had two RE Agent valuations recently of between 300-320K and 375-385K. Not bad considering I bought it for 157K back in '95.
My IP is in a bayside suburb of Brisbane (near Cleveland). Bought it off the plan in Sept 2000 for 267K. No idea of what it would be worth today.
My question is: how should I go about getting the revaluations? Should I find out from my lender who they will accept a valuation from and then arrange the valuation myself or should I get the bank to arrange the valuation?
I tend to think that the first option would be in my better interest as I would be the one paying for the valuation and therefore I can do what I like with it. If I leave it up to the bank, I may not get the full picture.
Thoughts please.
Steve K
My PPOR is in an mid to inner suburb of Canberra and we had two RE Agent valuations recently of between 300-320K and 375-385K. Not bad considering I bought it for 157K back in '95.
My IP is in a bayside suburb of Brisbane (near Cleveland). Bought it off the plan in Sept 2000 for 267K. No idea of what it would be worth today.
My question is: how should I go about getting the revaluations? Should I find out from my lender who they will accept a valuation from and then arrange the valuation myself or should I get the bank to arrange the valuation?
I tend to think that the first option would be in my better interest as I would be the one paying for the valuation and therefore I can do what I like with it. If I leave it up to the bank, I may not get the full picture.
Thoughts please.
Steve K