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Скачать или смотреть Should You Get Your Own Property Valuation?

  • Newbridge Home Loans
  • 2025-02-11
  • 10
Should You Get Your Own Property Valuation?
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Are you considering purchasing property and wondering if you should arrange your own property valuation to help determine its value? It’s a common question we get asked by clients, and the answer is yes, you can certainly do that. A property valuation typically costs between $300 to $600 for a standard report. However, with the vast amount of data available online today, you can access valuable insights to help guide your decision on what a property should be valued at.

Plus, when applying for a mortgage, we provide free property reports to assist you in the process!

If you'd like to explore your options or get pre-approval for a mortgage, be sure to reach out to us. We’re here to help!



Why a Property Valuation is Important:
Ensures You Pay a Fair Price – A valuation helps confirm that the asking price is in line with market conditions.
Prevents Overpaying – Sellers may set prices based on emotion rather than actual value.
Helps with Mortgage Approval – Lenders often require a valuation to ensure the property is worth the loan amount.
Identifies Potential Issues – A valuation may reveal structural problems, zoning restrictions, or other risks.
Stronger Negotiation Power – If the valuation is lower than the asking price, you can negotiate a better deal.
Investment Confidence – If buying for investment, a valuation helps assess potential returns and future appreciation.
Types of Valuations:
Lender Valuation – Required for mortgage approval but often conservative.
Market Appraisal – Done by real estate agents but may not be fully objective.
Independent Valuation – Conducted by a professional valuer for an unbiased assessment.
When to Get a Valuation?
Before making an offer (if possible) – Ensures you don’t overpay.
During the due diligence period – Before finalising the purchase.

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