As a property owner, it’s important to be aware of the role that bank valuations play in decisions about your home loan. A bank valuation is an assessment of your property’s value, carried out by a certified practising valuer. This valuation is used by the bank to make lending decisions, and will also be used in their reporting to regulators.
As such, it’s important to ensure that the valuation is accurate. If you believe that the valuation is too low, you may be able to fight it. The first step is to get a second opinion from another certified practising valuer. If they confirm that the valuation is too low, you can then raise this with the bank. It’s important to remember that the final decision about your loan will be made by the bank, but it’s worth fighting for a fair valuation.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience.
The Director, Vincent Romeo, sits on the Board the Australian Valuers Institute and acts as an advisor and mentor to many Registered property Valuers throughout NSW.
Romeo Property Valuers have acted for many Private, Corporate and Government clients in their tenure as one of the leading Valuation firms in NSW enabling Vincent Romeo an opportunity to offer his property valuation expertise on Channel 10’s popular lifestyle show “The Living Room”.
Other than being highly accredited as Registered Property Valuers throughout NSW we have an extensive range of knowledge and experience in the Property Analysing process and pride ourselves on delivering comprehensive property analysis and subsequently reliable and accurate property valuations. We are constantly observing and educating ourselves with the trends and changes in the market in order to make sure your property valuation is accurate, precise and reliable.
To make an informed property purchase or else in order to obtain solid returns on your home’s equity, you require accurate and realistic data. We strive to deliver market-leading strategic and innovative property advice using state-of-the-art valuation and information technology systems in order to enable you to make informed financial decisions.
If a bank valuation is not to your satisfaction, the only way to challenge it is to provide a professional valuation by an independent entity. At Romeo Property Valuers we have experience with Fight the Bank Valuations. As certified and experienced Property Valuers, we can ensure that you receive the right valuation!
The valuation of a home takes into account factors such as:
As there is much to consider, valuation of a home needs to be done properly by a qualified professional.
A valuation can take up to a few days, depending on the size and complexity of the property. Rest assured that any extra time spent is being used to make sure that the valuation is as accurate as possible.
One major difference is that a property appraisal is conducted by the real estate agent and a property valuation is conducted by a an accredited Property Valuer. A property valuation report is also a legally binding report.