Valuations

Discussion in 'Property Finance' started by mrsdawnrazor, 18th Apr, 2010.

  1. mrsdawnrazor

    mrsdawnrazor Member

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    Just a quick question. I see a lot of posts saying 'I have just had my property revalued at $xxx,xxx' or my propertu is now worth $xxx.xxx. Are you getting your properties revalued by the bank on a regular basis, or by a REA or just estimating from RE.com?
     
  2. craigb

    craigb craigb

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    most here are quoting the bank vals, i did say most.:rolleyes:
     
  3. Rixter

    Rixter $uper Investor (Retired)

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    Fire sale prices as opposed to fair open market values pushed by REA appraisals.
     
  4. Rags

    Rags Member

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    nsw
    How often will the banks do valuations though?? once a year??
     
  5. Rixter

    Rixter $uper Investor (Retired)

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    When ever you are looking to draw some equity out if you think you have some there. No hard set rule..you have to instigate it a refinance to find out.