Hi Bender,Generally I believe I achieve a val that is about 5% better. I had a loan approved last month where, by instructing the valuer myself, I received a val of $700k. I ended up with an excellent rapport with this valuer and in conversation after the event he gave me to believe that under bank instruction he would have valued the property at…[Read more]

Hi Benderfile,Yes, I find I do get stronger valuations by instructing a valuer myself. Generally speaking for spending about $450 – $550 for a val on a residential property I will achieve a val about $30,000 to $50,000 higher than leaving it to a lender to instruct. When one achieves an 80% LVR, the expenditure of $450 – $550 for the val provides…[Read more]

Hi Benderfile,I always commission my own val from a bank panel valuer and include it with my application for a loan. I explain to the valuer that I need the val for a loan and do my research re which loan product at what bank I intend applying for whilst the val is being competed. When it is completed I tell the valuer which bank I want the val…[Read more]

The best way to get the val you want is to commission the val yourself and not let the bank commission it. Choose a valuer who is contracted to various banks to perform vals in the area of your property and have a dossier of info for him including details of recent sales, features of your property and a locality map showing where local features…[Read more]