podcast

Ensuring you get a favourable valuation

Ensuring you get a favourable valuation
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Charles Tarbey - Century 21

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Valuations are a critical part of the transaction because you need to get that figure for you to be able to borrow to the highest capacity that you need to borrow. To do that your homework is just as important as the valuer's. Take time to research through RP data or other sources and through your local real estate agents all transactions that've occurred in in the past or immediate past so that you can also present to the valuer that you have done your homework. I've always found that when I present to the valuer what I believe the value is and then I back it up with facts and statistics that the valuer is more likely to accept the contract price or the price that I'm looking for particularly if there is no contract and it's just a raw valuation that you're seeking to check on your asset or borrow against it.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
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