House valuation

Discussion in 'The Buying & Selling Process' started by Brian84, 17th Nov, 2015.

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  1. Brian84

    Brian84 Well-Known Member

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    I don't mind either way if the renos made a big difference, I just wanted it looking nice.
     
    Brian84, 18th Nov, 2015
    #21
  2. Azazel

    Azazel Well-Known Member

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    Good stuff, not long to wait.
    What are your neighbours like, keep everything tidy as well?
     
    Azazel, 19th Nov, 2015
    #22
  3. Brian84

    Brian84 Well-Known Member

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    Yes they are pretty good
     
    Brian84, 19th Nov, 2015
    #23
  4. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I can't wait to hear what it is. Are you checking your phone/email obsessively yet? ;)
     
    Westminster, 19th Nov, 2015
    #24
  5. Azazel

    Azazel Well-Known Member

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    Yeah, have we got any updates yet?
     
    Azazel, 21st Nov, 2015
    #25
  6. Brian84

    Brian84 Well-Known Member

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    No unfortunately. Typical banks don't get back to you unless they want something.
     
    Brian84, 21st Nov, 2015
    #26
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  7. Azazel

    Azazel Well-Known Member

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    Of course.
    I found out after finishing a reno by a Friday, the company they were using didn't do it on weekends - and the tenants were moving in Monday. Didn't really want to rely on the tenants interior decorating skills.
     
    Azazel, 21st Nov, 2015
    #27
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  8. Aaronjod

    Aaronjod Well-Known Member

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    Aaronjod, 27th Nov, 2015
    #28
  9. Brian84

    Brian84 Well-Known Member

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    Yes sorry I posted the valuation in my other thread. The valuation came back at $700,000.
     
    Brian84, 27th Nov, 2015
    #29
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  10. Jeah_

    Jeah_ Well-Known Member

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    We got our valuation back yesterday. To say I'm disappointed is an understatement. The guy was there for ten minutes at the most. Pretty much all he did was measure the m2 of the place.

    It came back with comments like;

    Kitchen Average. Stone bench tops, tiled splash backs average appliances

    The kitchen is two and a half years old, solid acrylic benchtops, painted glass splash backs with Miele and Ilve appliances

    Average floor coverings

    The carpets are all brand new and have never even had furniture on them. The floorboards are polished solid timber.

    Early 1980s construction

    The house was built in 1993!

    Bah!
     
    Jeah_, 27th Nov, 2015
    #30
  11. Azazel

    Azazel Well-Known Member

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    How odd.
    Did they mix it up with another property?
    Is it possible to check that?
     
    Azazel, 27th Nov, 2015
    #31
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  12. Jeah_

    Jeah_ Well-Known Member

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    Well the report had pictures of the correct house in it. I emailed the bank, but I've heard nothing back as yet.
     
    Jeah_, 27th Nov, 2015
    #32
  13. Brian84

    Brian84 Well-Known Member

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    I have just had another valuation today 28/1/16 by cba. Hopefully it comes back better than the St George one. Even though I was pretty happy with their val.
     
    Brian84, 28th Jan, 2016
    #33
  14. Kashmir

    Kashmir Well-Known Member

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    Do the valuations go on public record? I guess my question is - Is there any downside for shopping around for "valuation".
    Also do things like down lights, bamboo or timber floorboards etc increase the value?
     
    Kashmir, 28th Jan, 2016
    #34
  15. Inov8ive

    Inov8ive Well-Known Member

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    Not really. The main things they look at is recent sales in your street, the square metreage of your house and land. The overall quality of the property is taken into account but its unlikely that smaller details like light fittings will have any bearing.
     
    Inov8ive, 28th Jan, 2016
    #35
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  16. Perthguy

    Perthguy Well-Known Member

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    So pretty good valuation skills then? :)

    Be interesting to see if the CBA valuation comes back better. I have had a very mixed bag with valuations. Some too high, many too low. The worst luck I have had is in Melbourne.
     
    Perthguy, 28th Jan, 2016
    #36
  17. Azazel

    Azazel Well-Known Member

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    Hehe, last one we had valued by CBA and St George it was the same dude.
    Hope you have better luck.
     
    Azazel, 28th Jan, 2016
    #37
  18. Brian84

    Brian84 Well-Known Member

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    I have a feeling that this valuation will be lower than $700k.
     
    Brian84, 28th Jan, 2016
    #38
  19. Brian84

    Brian84 Well-Known Member

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    This one was different. First was a guy from Herron Todd White and this one was a lady, not sure where from.
     
    Brian84, 28th Jan, 2016
    #39
  20. Azazel

    Azazel Well-Known Member

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    What gave you the impression this one might come back lower?
    A bit stand off-ish, not very chatty?
     
    Azazel, 29th Jan, 2016
    #40
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