Residential Property Valuation company recommendations Perth

Discussion in 'Loans & Mortgage Brokers' started by moridog, 12th Jan, 2017.

Join Australia's most dynamic and respected property investment community
  1. moridog

    moridog Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    524
    Location:
    WA
    Hi, can anyone recommend reputable property valuation firm in Perth and a rough idea of how much a residential valuation might cost? Thanks in advance.
     
  2. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,792
    Location:
    Perth, WA
    What are you using the valuation for? I'm used to getting free ones as part of a loan application.
     
  3. moridog

    moridog Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    524
    Location:
    WA
    To consider buying out my friend as the tenant in common of our IP so needs to be accurate, thought it would be wise to do prior to the loan discussions so I can apply for enough, need to explore the cost of the stamp duty and change title too.
     
  4. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,673
    Location:
    Perth WA + Buderim Qld
    Get your broker to order one - they're free and can be full inspection (so as accurate as possible.)
     
    Ross Forrester likes this.
  5. moridog

    moridog Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    524
    Location:
    WA
    Thanks Jess, will do.
     
    Jess Peletier likes this.
  6. Corey Batt

    Corey Batt Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    2,091
    Location:
    Adelaide, SA
    Keep in mind that you will generally be asked for an estimate of the property when ordering a bank valuation, which the valuers will refer to and 'copy' in some cases to a degree. ie if a property may be worth 400-400k and you put an estimate of 400k, it's often a convenient result where the valuer will end up using the exact customer estimate.

    So make sure the estimate reflects a reasonable degree of accuracy when submitted, otherwise it may mean one party is at a reasonable advantage/disadvantege based on the result.

    Likewise if you're going to be buying out the other party, best to have the valuation put through with the lender that you're using/intending on using - you don't want a valuation agreed to which when it comes to finance isn't accepted by their own valuer.
     
    Ethan Timor and Perthguy like this.

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia