It can be very frustrating for an agent when a property is placed under contract, which is when an agreed price between buyer and seller is obtained and the contract is signed, normally conditional on the buyer completing their due diligence on the property. In some instances in order for the buyer to obtain finance they are required to get a Registered Valuation - the Valuer comes along (often not from the area and haven’t been in a lot of homes in the area to make a true comparison of value other than the stats they can look up in the sales data which let’s be honest is all history not the market at that time) the valuers put their opinion of the price on the property and wella the deal falls on finance as the Valuer didn’t see it 'in their opinion' as being worth what the buyer was prepared to pay. |
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CategoriesEaster in The GardensHarveys Manurewa Is it the right time to buy a home? Property Sale Prices vs Registered Valuation Price Thank you |
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