Yes you will find that a proper valuation will be very thorough and give different results as a RPData report will give you an estimate of recent sales in the area and is very generic. Most banks who perform the valuation (depending on the panel of valuers at that particular bank) will go on the contract if it is much lower than true valuation or…[Read more]

Jane Eyles Bennett from Hotspace is an excellent source.

In regards to the above post, most valuers will take the easy way out and choose to take the valuation on the contract price, this has happened more times then I can remember.
You could however,as you have suggested. (What if we ask the seller to get it valued independently, without informing the valuer of the contract of sale price? Would that…[Read more]