What are the different types of property valuations?

There are several different types of property valuations that include:


·     An automated price estimate

These can be useful if you are thinking of acquiring property in a certain area, through different types of apps. Banks do not review these estimates as part of property loan applications.

·     Appraisals and privately ordered valuations

Buyers and sellers can source valuations through real estate agents or a valuer. Privately ordered valuations are not used by banks when making lending decisions, but provide a guide to the estimated market value.

·     Bank valuations

Bank valuations, determine the loan-to-value ratio in a property loan application and impacts the amount that a bank is willing to lend.

Contact us @ propertyloans@realrenta.com for a Free property valuation or refinancing enquiry from our trusted Finance partner



Marlene Liontis
Saturday, 2 November 2019

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