Are banks normally VERY conservative with valuations on luxury apartments?
mine came in 100k+ under the indexed price. In auction 3 people hit the indexed price.
They also compared my property to none that are comparable including a notorious building that was in the news (1 railway parade, burwood)
I asked for review and they obviously didnt accept it. Another valuer had it at 30k under indexed price, but the bank i want to use only accepts the value based on how "amazing" 1 railway parade is.
mine came in 100k+ under the indexed price. In auction 3 people hit the indexed price.
They also compared my property to none that are comparable including a notorious building that was in the news (1 railway parade, burwood)
I asked for review and they obviously didnt accept it. Another valuer had it at 30k under indexed price, but the bank i want to use only accepts the value based on how "amazing" 1 railway parade is.