Forum Replies Created
- Yossarian wrote:As above plus it is reasonable for the insurer to want to make sure the house is "complete" when construction is finished and a house without front landscaping, aircon or window dressing aint finished or, therefore, easily sold.
It is what it is.
Yossarion or My Housing Bubble, my understanding that values have a set list of criteria one of which it must be livable, and any interpretation of complete MUST be stipulated or outlined in the contract or subsequent post contract variations. Why not include a stone fence and a kentucky blue grass lawn turf lawn and multi zoned central air conditioning, certainly that would be complete.
Yes, I understand that it is marketing hype, etc etc, but my POINT is that i guess wasn't very clear in my first posting, is that our FIRST valuation which was for the land component and the first part of our construction loan from BankWest , came back full value, that is the contract price we paid for the land. THIS IS WHAT WE MOVED ON. We had also TOLD and WROTE to our broker that we received this rebate BEFORE.
So when we received the valuation in full, we went ahead. WE ARE NOW BEING HELD TO RANSOM, as it is obvious the first valuer got it wrong, or our broker failed to disclose to the bank our rebate.
