Independent Valuers – Melbourne

hi davidcole
all valuers except nab’s own are independant.
if you are going to us one and pay for it yours self it depend what you want it for
if it is for lending the report to you is different then the one to the lender and so you may pay twice.
colliers are good as they deal with most lender but are not cheap.
as for valuation they are not worth the paper they are written on even the ink is worth more.
example same building from three separate valuation companies because each time you use a property as an equity lend it must be valued.
in a 6 month time frame commercial so not alot of value movement and the tennant is on a 5 x 5 so same paperwork to go 0ff
(1)1.2mil (2) 480k and (3) 950k and they are all independant.
the one at 480k, next door is a 2br unit at 500k and this is a 2 x storey 6 x unit development site with a 5 x 5 tennant thats got 7 years to run.
if you want to get a value for other then lending find out a list from the local westpac, cba or anz in your town they will have alist
if it is for lending against don’t bother get the bank/lender to organise and tell them what the valuation you require.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

Hi David,

If you need a value for finance purposes then it pays to use a valuer from the appropriate lenders panel. The valuers themselves will tell you if they are on the relevant lenders panel. You will also need to ask the valuer to write the valuation suitable for mortage purposes for the bank you are using.

Be aware some banks will still arrange their own valuation despite these steps being taken.

And they say valuations are researched and consistent. [bigeyes]

Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958