Hi Staztrue,
did your new/second valuation come back right? since we are experiencing the exact same situation here. our bank also ordered a second valuation as the first valuer said his initial valuation still stands after disputing. Thanks.
Browse Forums Building A New House Re: Bank Valuation Issue 23Jan 08, 2014 12:22 pm You can call me Chris! Altona 4bd Media Ent by Allworth @ Bonnells Bay NSW Check out my attempt at a blog! http://bonnellsbayaltona.blogspot.com.au/ Re: Bank Valuation Issue 29Jan 08, 2014 7:05 pm Building a Madison 45 with Porter Davis Madison 45 Blog (Send me a PM with your email address to be added) Re: Bank Valuation Issue 34Jan 10, 2014 8:17 am Built the Avoca @ Aquilo, Bonnells Bay http://avocaonaquilo.blogspot.com.au/ 12/10/13 $3K Deposit 31/10/13 Consolidated Tender 11/11/13 Colour Selection 18/02/14 DA approved 19/02/14 Electricals Re: Bank Valuation Issue 35Jan 10, 2014 11:26 am You can call me Chris! Altona 4bd Media Ent by Allworth @ Bonnells Bay NSW Check out my attempt at a blog! http://bonnellsbayaltona.blogspot.com.au/ Re: Bank Valuation Issue 37Jan 14, 2014 7:23 pm I was told that when you are buying a block of land or a land and building contract that they can only value to your contract value, they won't go higher, however once it is finished you can get it re-evaluated and draw back on your equity. But that's how my broker explained it to me How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 11926 thanks Chippy, i hope they have applied sealer but i am doubt to be honest, so i am gonna do this job after handover. 8 16286 |