Feb 11, 2020 8:25 pm
Currently going through a new house build. 2 weeks from contracts and timelines are getting really tight now.
We had our tender valued by WBC through our broker, who our land is with (we bought existing land - an acre that subdivided in the 1980s). It came back $50,000 short on valuation. Our broker is challenging it based on not having quotes for the septic system and driveway (which are now provided), but I know from experience the likelihood of the valuer changing their opinion is slim.
We then ordered a valuation through CBA. Came back $65,000 short. Our broker is now ordering 4 more valuations through other lenders.
We have no issue with servicing, it just seems the valuers don’t agree on the price. There are unfortunately very little in the way of comparable sales in the area we’re building.
Has anyone here had experience in valuers among wildly different valuations? How many did you try?
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