As a newcomer to the forums,I realise that this subject may have been raised before, but I would like to question the ethics of some valuers. I am in the process of refinancing, and was taken aback for a charge of $600, ($300 per property for 2 properties) and told that it would be a ‘Drive by’ valuation only. These 2 properties are only approximately 2 kms apart, and would take about 10 minutes max. to drive by. Now I can go to the computer, punch in my area code and receieve accurate and up to date values of both properties. How is such a charge justified, and why do the banks not use the same method as say Centrelink and other agencies? I would far sooner pay that money towards the mortgage!!. Aywon
Not sure of all of the details but with a Pro Pack from the right lender you would have paid nothing.
If it is not too late post some further details and we can perhaps point you in the right direction.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
I’m in the process of refinancing aswell.
A point to make is with driveby valuations if you have done any interior renovations they will go unnoticed and can be the difference of 1000’s of dollars.
So I’m going to go independant with the valuation and by doing this will go along way into getting the most out our equity and the lender will take the val into cosideration.
Can be a big difference in 10,20 years!!!
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