Hello Forumites
In the process of buying a property with a purchase price of $330K. I thought I bought well considering the rent return and possible upside with CG.[specool]
Well it got even better when the bank valued it $23K more than what we purchased it for![thumbsup2]
Have any lucky readers ever had this happen out of the blue? I’m not too concerned with offering rediculous offers on purpose (say 60-70% of FMV), but buying at what you had thought was a reasonable offer (90%+ FMV). My broker couldn’t believe it either in all her years.
Later………….
If you think you can you can, if you think you can’t you can’t.
Good work!
Bank valuations are generally conservative so it may be worth even more.
Bank vals rarely come in over purchase price.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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