Ensuring you get a favourable valuation

Ensuring you get a favourable valuation

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 78: How house-sitting is helping this young couple achieve their investment goals
Episode 77: How will the government's changes to tax depreciation impact investors?
Episode 76: SPI portfolio update: what's next for the team?
Episode 75: How travelling cross-country helped this investor buy 9 properties in 6 years
Episode 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
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