My point is this:
If there is not an acceptable valuation there is no deal and no sale.
Even in a rising market, flat market or falling market an unacceptable valuation = no sale.
Valuers are the deal breakers, as they have the responsibility and accountability to provide a satisfactory valuation.
A sale subject to finance cannot be approved without a valuation. No valuation and no deal.
The sale is 'dependant' on a valuation.
What ever value they approve, that sets the market price for that property.
Therefore Valuers set property market prices, not buyers and sellers!
Think about it...
cheers
I will say this .
I have never bought a property in this country subject to finance.
I have never sold a property that has been subject to finance.
Valuers have never had in input on any of my property deals in this country in the manner in which you suggest.
Valuations rarely ever get done on purchases unless the LVR is greater than 80%.
Most of a valuers work is refinance work, not valuing sales.