Quite a yarn.

What did the person /company who did the original building inspection have to say about the bank valuer’s conclusions about the condition of the building? Aren’t they liable if they miss major problems?

I guess bank valuers are right more often than they’re wrong but sometimes I wonder how thorough they are. When we needed bridging finance 3 years ago the bank never sent out a valuer at all, much to our astonishment. (The mortage was only on the property we acquired, not on property being sold)

Another owner in our area had an interesting experience getting their house valued. Knowing that values in the area had increased substantially since they originally acquired the property they were disappointed to get a figure well below their expectations. They mulled it over for a month or so and then requested another valuation – and got almost 50% increase. It seems that the first time the valuer just drove past the street side of the property, and didn’t realise until he walked into the house and saw the view that it was waterfront (onto Moreton Bay) property![blink]