Hey! I bought an established house at auction and the valuations come at $107k LESS than what I bought it for. Second valuation scheduled with the same bank and one scheduled with another bank. Im stunned!
My new build in S.A., was over $100,000 lower than build. Got it redone, it went up by $55,000. My new build is in a new area. So no selling. Looks like no house.
Hey Jackie, so sorry to hear about that. We are finding this is a bit more common with new builds, it would be worth trying another valuer/bank as we mentioned because there can be significant differences in their opinions. Happy to help if you want to get in touch - send me an email at huntergalloway.com.au cheers.
So long as you have a finance clause in the contract, that's right. Every state and territory operate slightly differently from each other and this is where your solicitor / conveyancer can provide legal advise prior to entering into a contract and protect your interests prior to entering into a contract.
