Bank valuation report for any established house is always equal or lesser to the contract amount ? It never be greater than the contract price?
What else to check from that report ?
Browse Forums General Discussion Re: Bank Valuation Report 2Sep 19, 2019 4:49 pm The report will cite recent sales of comparable properties in the area.....this should give some guidance on the price you plan to pay. The report could provide reasons for specific factors that lower their estimate - (e.g) bushfire threat, general poor state of the surrounding estate, peculiar high density housing nearby, area identified for rezoning etc. How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11906 |