Forum Replies Created

Viewing 15 posts - 1 through 15 (of 15 total)
  • Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 22, 2010 - 2:18 pm

    Guys can someone help plsssssss

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 22, 2010 - 2:14 pm

    Hi Jamie,

    Thanks for the advice. That's why I have asked two of the brokers to get me the valuation of the property first without the need for application. One of the broker was good enough to engage CBA and got me the property valuation for $350k. I directly applied through NAB and got the valuation at around $326k. On monday I will offer the agent to match the price of CBA valuation and if that fails I will offer them another 10K and that's it. If that doesn't work out i'll let it go…..
    I have been in some pressure to take loans from other smaller investment companies but I refuse to do that… two of the major banks under valued the property :(

    The prob is not with my loan but the valuation of the property.
    The agents keep saying that they sold these for $380k – $390k. I highly doubt it. 

    Can someone let me know since I did a valuation through NAB can I go to them again and ask for another valuation for another property ? Does that impact my credit history or such ? 

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 22, 2010 - 7:06 am

    Thanks Terryw for your prompt feedback. You did helped me a lot and helped me to see some light at the end of the tunnel. It's really hard to decide which property to pick being the first home owner.
    The realestate agency has sent me a broker today at my place and after some discussion he asked me for my personal details so that he can help me manage the loans through other companies like SunCorp, RAMS home loan and other smaller organizations I don't really know of. I am not willing to share these details with him as its obvious that he hangs out with the realestate guys and also works in the same office but he kept saying he's independent of them and don't share client information with them.
    Monday I will make the realestate agent a final offer if they can match CommBank if not I'll just let it go. The realestate agent seems to be a crook and keeps giving me the fears that they have offers higher than that and they are happy to give this to someone else.
    I just hope I'm making the right decision.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 22, 2010 - 5:47 am

    Hi guys,

    CBA valuation came at $350k compared with NAB $326k. The contract price was $375k. I am def getting ripped off.
    Should I make a counter offer to the agent to match CBA valuation or just let it go … I can try possibly give another 10k from my own pocket to make it $360k but that will be all.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 1:10 pm

    ok mate. I'll wait and see what happens … i'll post you the outcome and thanks again for helping me out

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 12:26 pm

    The contruction is going to take another 2-3 months. There's no electricity in the building but the structure is there.
    I'll be very specific and paste you the add from domain.

    Let me know mate what you think. I've offered around $375k for this

    http://www.domain.com.au/Property/For-Sale/Apartment/NSW/Toongabbie/?adid=2008611495

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 11:57 am

    Hi Terryw thanks mate for the comments and all others.
    I will wait for CBA to come back with the valuation of the property. The property price was only $375 and back said they will loan me $310 on 95% that means they are valuaing it at $328k.
    Is it the reason the property is off the plan is that the reason the property is coming at that value ?

    I was right abt the NAB consultant who was taking care of my case. I had to ring a friend who works in NAB to talk with him and then he managed to send a valuer to the site and called me in to get me some clarity.

    With Suncorp I might not get the benefits like the banks for eg ATM fees etc waived

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 9:28 am

    Finally NAB told me how much the property value was and it came to be 50,000 less than my price. 
    Now I'm just waiting for CommBank valuer to come back with his result.

    Is this very usual ? I don't want to sound desperate to buy this property and go through SunCorp, GE money and those people.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 7:44 am

    Hi guys any updates ?? Please help meee

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 21, 2010 - 5:33 am

    Hi guys … any other comments abt this builder ? I am in mix state as well .. should I go with them or not.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 20, 2010 - 4:11 pm

    how do I find a local NAB broker in my area ? I know I can just google it but I'm not sure if they are going to be reliable. I contacted a NAB mobile lender who did loan for my inlaws but that guy told me he doesn't want to cross any protocol and step into the NAB staff looking at my case.

    Thanks again guys for all the info and help. Joining this forum at least gave me some morale boost as my NAB advisor is just hopeless. Everytime I talk with that person it makes me feel miserable. I did all the research myself and just got him all the paper work.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 20, 2010 - 1:42 pm

    my broker has ordered CommBank valuer to go in and do a valuation tomorrow. The staff member who is looking after my case at NAB refuse to listen that if I get someone else to do a valuation he will not accept this and their valuer is spot on.
    I challeged him and he said he will ask him valuer again and will let me know ( I am sure he will forget).

    Is there a NAB valuer or someone in the panel I can contact ? Googling this for hours and no luck. At NAB I am getting 6.49% interest none of the banks can come close to this. PLus I get all the app fees, package costs waived.

    This is so pissing me off that NAB staff member can't really help me or even show any interest.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 20, 2010 - 10:36 am

    i do banking with CommBank but they couldn't offer me something good. NAB on the other hand offered a deal from my company which is too good. Only cause of the slack valuer I got screwed bad. I'll wait for the CommBank valuer to comeback and if I get a good value then its good or else I need to just let go off that property.   

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 20, 2010 - 10:17 am

    if CommBank comes up with the same valuation of my property can I call NAB and let them know why the NAB valuer did a crap job ? Will they match up ? My financial advisor is incompetent and any suggestions how I can switch advisors hoping I get another valuer in place ?
    My NAB advisor told me that even if I have my own valuer the outcome won't change. It's very demoralising.

    Profile photo of sweethomesweethome
    Member
    @sweethome
    Join Date: 2010
    Post Count: 18
    October 20, 2010 - 9:43 am

    Hi Terryw …. mate can you show me some light at the end of the tunnel and pass me the contact details of the person who can do the valuation for me who also is on their panel. I got an extension of a week now and need to sort out the loan by this time or else someone else will grab is property from me.
    CommBank is in the process of getting it valued (starts tomorrow) but I got a good deal with package with NAB and every penny matter when I pay the interest rates.

Viewing 15 posts - 1 through 15 (of 15 total)