What happens if my valuation falls short?

Most of the time when you purchase a property the valuer is merely trying to ascertain (through previous sold settled properties) that what you’ve paid is fair.  You pay $285,000 the valuation will (most likely) come back at $285,000. You pay $666,666 the valuation will (surprisingly) come back at exactly $666,666! But sometimes the valuation can fall short of the mark and here you’ve got a few options: 1.     Accept the lower valuation and either contribute more […]

Read More | 18 Mar, 2020

Valuations explained

There are two main types of valuations: Onsite valuations. Onsite – where a valuer will go to the property to inspect the property.  (click here for a little article on what to expect from the valuer when they perform their onsite inspection.)  Type 1.  Where there is a contract of sale. Usually you’re purchasing a property from someone who is not a relative. You might be using a […]

Read More | 13 Mar, 2020