Hi all!
Apologies if this has been covered, I did a search and couldn't find anything addressing the subject from this perspective.
I just read an article confirming new government valuations (carried out in July '14) will be applied from November '14 (article link below).
In your opinions, is this likely to have any impact on the sale price of entry level properties? I.e. is it worth waiting for this before putting our property on the market.
I understand that GV is not a true reflection of price, but our property is reasonably 'entry-level' and we feel it would appeal to first home buyers who generally know less about property values and have been known to use the GV as an indicator i.e. "Properties are about 100k above GV in this area so this one must be good value!"
We are getting a registered valuation soon anyway, as we have renovated the interior which I understand won't be reflected in the GV. But I am curious to hear what you people think!
FYI Our house is 2brm in Orewa, no significant improvements to exterior except paint and fencing since last GV.
Apologies if this has been covered, I did a search and couldn't find anything addressing the subject from this perspective.
I just read an article confirming new government valuations (carried out in July '14) will be applied from November '14 (article link below).
In your opinions, is this likely to have any impact on the sale price of entry level properties? I.e. is it worth waiting for this before putting our property on the market.
I understand that GV is not a true reflection of price, but our property is reasonably 'entry-level' and we feel it would appeal to first home buyers who generally know less about property values and have been known to use the GV as an indicator i.e. "Properties are about 100k above GV in this area so this one must be good value!"
We are getting a registered valuation soon anyway, as we have renovated the interior which I understand won't be reflected in the GV. But I am curious to hear what you people think!
FYI Our house is 2brm in Orewa, no significant improvements to exterior except paint and fencing since last GV.
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