Reload original page
 |
|
|
holding off on valuationnejas [20 Posts] About to finish reno's on PPD and IP. The markets certainly slowed at the moment on the Gold Coast, I was going to reval straight away to release more equity or should I wait till it picks up maybe see where the rates go and then go for a val? If I did decide to get a val after these reno's and it came in under my target is'nt it a 6 mnth min wait to go again? Even if you are proactive with reno's it is still dictated by the current sales or lack of? I mean could the house after reno's come in the same $$ as before reno's? Terryw [6409 Posts]  Depends on the bank and LVRs. Some banks dont have time restrictions on valuations, but the mortgage insurers generally like 6 months Terryw   v8ghia [565 Posts]  As Terry said, a lot may depend on the lender - but without good reason, you will find a 12mth window in many cases. As you pointe out, in a lower markt, vals are conservative - especially if the house down the road just sold cheaply. Pudestcon [62 Posts] My view is reval now... Reasons? Well you obviously want to reval now, release equity before it drops further, 6 months (if that's the case) is not a long time to wait, what will change for the better in the near future if the market has softened a little and is trending down now? Scott No Mates [762 Posts]  Get in with a new val before more current sales (in a depressed market) are recorded. |
User loginBest Seller
In The NewsHousing Industry Not In Crisis Leading Economisists believe the Australian Housing Industry will continue as is despite Tuesday's interest rates cut. Interest Rate Cut The RBA is expected to lower interest rates on Tuesday following the collapse in credit growth. Darwin Delight! House prices in Darwin have reached the point where the land is worth more than the house and developers are circling! Today's TipSuccessful investors maintain and monitor a money plan <more> Active forum topicsAnubis' guide to Launceston Tas part 2 Author: ANUBIS ***BMV PROPERTIES AVAILABLE DONT MISS OUT*** Author: dave_crystal Who's OnlineTake The Test
|
|