All Topics / Help Needed! / RP DATA short form valuation

Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711
    October 14, 2012 - 4:37 am

    I'm thinking about getting one of my IP's valued and was thinking of using RP data short form valuation for $440. They come out to your property within 3 working days.

    Has any one used this service from RP data and if so could you share some feed back?

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    October 14, 2012 - 4:51 am

    Do you have a mortgage on the property? If so, do you know if the lender allows for free upfront valuations to be carried out? 

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TheFinanceShopTheFinanceShop
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    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271
    October 14, 2012 - 5:15 am

    $440 is a lot for a valuation. Is the property rural or located within metro? If you are looking to take out new funds – most lenders provide free or discounted upfront valuations.

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
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    Residential and Commercial Brokerage

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711
    October 14, 2012 - 5:24 am
    Jamie M wrote:
    Do you have a mortgage on the property? If so, do you know if the lender allows for free upfront valuations to be carried out? 

    Cheers

    Jamie

    Hi Jamie, thanks for the reply. The property has a mortgage with CBA. I was thinking of getting it valued for my own records. I guess i would like to know what the house is worth from a professional point of view. I haven't bothered calling CBA as once i have it valued i wont be using the equity till late next year.

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
    Post Count: 711
    October 14, 2012 - 5:27 am
    TheFinanceShop wrote:
    $440 is a lot for a valuation. Is the property rural or located within metro? If you are looking to take out new funds – most lenders provide free or discounted upfront valuations.

    Hi Shahin, thanks for the reply. The property is located in Melbourne Metro, 20KM from CBD. As i'm not really looking to take new funds out yet i haven't bothered calling the bank. 

    What would be a fair price for an on site valuation?

    Profile photo of TheFinanceShopTheFinanceShop
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    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271
    October 14, 2012 - 5:50 am

    $250-$300. Anything over this amount is too expensive and you should shop around.

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    October 14, 2012 - 6:44 am

    Check out the list of registeted valuers on the Australian property institute website.

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711
    October 14, 2012 - 6:57 am

    Thanks Scott no mates, will do

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