PropertyInvesting.com | Vitale | Activity

Vitale replied to the topic Capitalisation ratio in the forum General Property

Tue, 27 Oct 2009 10:20:20 +0000

I might missed something about depreciation.The new house will be on depreciation schedule at 2.5% per year when built. How many I have to count?suppose the old house in area 340Kmy new house cost is 250Kthe block of land is 150KThe above numbers are constants. using your formula I have the following:250-(25 years x 2.5%)=93KWhat does it mean in…[Read more]

Vitale replied to the topic Established Property Valuation in the forum Help Needed!

Tue, 27 Oct 2009 10:06:38 +0000

I have just received a phone call from my lender who has done a free home valuation for me. the value is now increased by almost 20%, and the chest is opening up wider now.thanks

Vitale replied to the topic Capitalisation ratio in the forum General Property

Tue, 27 Oct 2009 03:22:28 +0000

Thanks for this, will try and let you know about it.

Vitale replied to the topic Established Property Valuation in the forum Help Needed!

Fri, 09 Oct 2009 12:10:54 +0000

Hello Hydra,I actually chatted with the lender yesterday and what I'm hearing is that if I prepare my valuation the bank can take it but will send their own valuer regardless. So, they would most definetely rely on thier own report. However, the bank is reluctant to sent the one without me engaging first. They are happy with what thier system…[Read more]

Vitale replied to the topic Established Property Valuation in the forum Help Needed!

Thu, 08 Oct 2009 12:52:53 +0000

Thanks fellows for your valuable heads up. I like the idea of getting some more information from a lender (bank) about their valuers. I hope it would help.Regarding the properties in my neighbourhood. I see many older houses on smaller blocks being sold at prices higher then our build costs. I think 15% increase from bank's value would be…[Read more]