Yes, the question is almost in the same vein as "how long is a piece of string?", but I was wondering how much you think a typical residential property valuation would cost? The property of interest (in the Adelaide metro area) is probably worth in the realm of 650k-700k. It's double story, built in 1950 (with some extensions), has 4 bedrooms, study, 2 bathrooms in the main house, plus a well finished self contained "granny flat" with it's own basic kitchen, and full bathroom. I've read some articles that suggest around 0.1% of the price of the property, which seems a little high. What has been the experience of people here? Also, is it unusual to make a contract subject to independant valuation?
Many thanks for your time.I got a quote for such a service recently. Pretty sure it was around the AUD$400 mark.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
There's nothing wrong with shopping a few quotes. There are different types of valuations, the most common (and the most expensive) is a valuation for mortgage purposes – this is what a bank relies on.
Hi all,
How would you feel if the bank of your choice paid you for your business to them? and you got to deal directly with that bank for the whole loan process.
Money for Jam gives 75% of the referral monies back to the client. That's $300 per $100k loan
Check it outHi JacM and ChristianB
Thank you both for your advice.
I ended up going with Southwick Goodyear, a local company in SA that provides "Valuation & Property Services".
They have quoted me $330 (inc GST) for the service, which seems quite reasonable.
Thanks again for your advice
Peter
I've paid $440 the last few times I have got a valuation done in Brisbane.
Peter get your mortgage broker to order it for you and it will cost you nothing.
Richard Taylor | Australia's leading private lender
Richard
You can get bank valuation (ANZ/Homeside lending), but you can't get the report though.
god_of_money wrote:RichardYou can get bank valuation (ANZ/Homeside lending), but you can't get the report though.
WIth ANZ you can – or the broker can, unless things have changed recently
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
GOM you certainly can as Terry has mentioned.
And not only limited to those 2.
Richard Taylor | Australia's leading private lender
Qlds007 wrote:Peter get your mortgage broker to order it for you and it will cost you nothing.Hi Richard, how does this work
will someone come out and value it?
or will he just pull it off the netANZ uses a company called Land Property Group. That's who they used on a recent property valuation for me…
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
keiko
It all depends on the deal can be anything from a desktop / driveby to a full valuation.
Your Broker should be able to answer that one given the details.
Richard Taylor | Australia's leading private lender
ANZ uses a number of companies for valuations. It will vary from area
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
sorry Richard, I kindof ment how do you get the valuation for free. thanks
Richard/Terry
Can you get the hard copy of the valuation?
I know quite often you only being told about the valuation priceyep, a pdf version.
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
You must be logged in to reply to this topic. If you don't have an account, you can register here.
