Browse Forums Building A New House Re: Valuation problems . . . please advise!!! 14Jun 10, 2007 9:19 pm Yeh, so true.
Doesn't matter which one you're with, you're a number just the same. The last call I got from the banker I borrowed through was to let me know he'd left the bank and gone out to be a broker - and did I want to move banks? Go figure. Re: Valuation problems . . . please advise!!! 15Jun 10, 2007 9:29 pm I think I might need to qualify what I said earlier.
Try a non standard lender - like RAMS or Aussie etc. I would never go to a Fox Symes for anything unless it was an emergency... I had been with St George Bank for 14 years prior to refinancing for a renovation 4 years ago. The valued the house that we lived in about $50,000 less than fire sale value 4 years ago. We asked for a reappraisal and were told taht was not the banks policy. OK !! Rang RAMS and the valuation came in at a whopping $120,000 more than the bank. This was still a little less than the value the property would realise on the open market. Within 2 weeks the house was refinanced and we had changed to a "non standard" lender. Matt Note: We are now with the Commonwealth Bank due to changed circumstances with construction loans etc. Re: Valuation problems . . . please advise!!! 17Jun 10, 2007 9:54 pm If you are not happy with the valuation then you are within your rights to request another one. Someone else on here did it with a positive result, I will try and find the thread for you.
I don't have a nice thing to say about Rams, we have been with them for 9 years and can't wait to give them the boot after our recent treatment from them. ETA: here is the link https://forum.homeone.com.au/viewtopic.p ... highlight= Re: Valuation problems . . . please advise!!! 18Jun 10, 2007 10:00 pm RAMS would definatley not be my first choice either , but they helped us out at the time and were very accommodating.. Re: Valuation problems . . . please advise!!! 19Jun 11, 2007 9:00 am Its worth mentioning to that its harder to value a block of land and a fistful of drawings.How does a valuer determine the final outcome without lots of guesswork Its much easier and accurate once building is completed, so block and plan valuations tend to be valued lower.
The other item re percentages is I believe based on population figures e.g. were I live was 80% a year or two ago but is now 100%. And yes try Wizard,Aussie,or Rams. Re: Valuation problems . . . please advise!!! 20Jun 12, 2007 10:50 am I there
yes try a broker interest rate is not always higher but we very careful about which one you use or which mortagee company or bank .Over the years I have been with a few and have a story about most. Are you borrowing for the house and land together or do you own the land a I hope I donot have that problem as we are soon to sign a contract and then the bank has to go value it to. I am looking for someone who might have tackled a similar issue as me. I have a few rendered interior walls, the surface condition is hardly flat. I can see all the bumps… 0 7950 I am not a brick expert, but rendering would be 1 option, it would be costly to do the entire house though.... 2 6673 Hi all, has anyone been ask to do the weeds in their property while in the middle of build? We are under the impression that they are in control of the site while they… 0 2750 |