Hey everyone,
Just wondering how valuers work with this situation. There was a house right on the train line and on 1000sqm that sold for 380k. It was in a 1 in 100 flood zone. It was about 200k cheaper than other homes in the same suburbs.. How would the valuation for this come through? Do they look at things like a train line? Do they know the property is in a flood zone? When I used APM it gave a val of 600k but said it wasn't an accurate valuation..
Also, with new property, they obviously compare it to sold properties in the same suburb, but if a 18 square house on 350sqm with double garage sells for 950k, how would an 18 sq home on 320sqm with single garage go on valuation? Does the 30sqm of land make a huge difference? Does the extra garage makes. Huge difference too?
Do we have any valuers on the forum?
Just wondering how valuers work with this situation. There was a house right on the train line and on 1000sqm that sold for 380k. It was in a 1 in 100 flood zone. It was about 200k cheaper than other homes in the same suburbs.. How would the valuation for this come through? Do they look at things like a train line? Do they know the property is in a flood zone? When I used APM it gave a val of 600k but said it wasn't an accurate valuation..
Also, with new property, they obviously compare it to sold properties in the same suburb, but if a 18 square house on 350sqm with double garage sells for 950k, how would an 18 sq home on 320sqm with single garage go on valuation? Does the 30sqm of land make a huge difference? Does the extra garage makes. Huge difference too?
Do we have any valuers on the forum?