Hi again team
My wife and I recently got a valuation done on a property after updating the kitchen and bathroom and completing some landscaping.
The valuation came in lower than expected and that would be fine if the info in the valuation justified the value, but....
the valuation stated values had risen in Christchurch (although slowed somewhat), there was no mention of the renovations or landscaping and as one of the comparable properties they have included the very same property from when we sold it to our LTC 8 months ago. But they are 80k out on their sale price at that time and we have found other discrepancies (through trade me) in sale prices of comparable properties in the area.
Now we can understand if values had dropped but our renos had increased the value by the 10k but values haven't fallen according to our valuer....
The same valuer valued the property when we sold it to the LTC last year so we thought they would have an appreciation of the work we have completed but maybe not.
We had an issue last time when the invoice didn't match the quote for three valuations they did for us, after several emails and some non-existant Comms on their end we gave up and paid the invoiced amount.
We are just starting out in property investment and trying to get that "good team" around us but so far we are on our second mortgage broker and still doubtful, second valuer and even more doubtful and thinking about getting a new accountant that we can actually go and see as our current accts are at the other end of the country.
Any recommendations on professional,friendly, helpful,fairly priced professionals in Christchurch would be much appreciated.
sorry for the rant but these folk aren't cheap!!!!
My wife and I recently got a valuation done on a property after updating the kitchen and bathroom and completing some landscaping.
The valuation came in lower than expected and that would be fine if the info in the valuation justified the value, but....
the valuation stated values had risen in Christchurch (although slowed somewhat), there was no mention of the renovations or landscaping and as one of the comparable properties they have included the very same property from when we sold it to our LTC 8 months ago. But they are 80k out on their sale price at that time and we have found other discrepancies (through trade me) in sale prices of comparable properties in the area.
Now we can understand if values had dropped but our renos had increased the value by the 10k but values haven't fallen according to our valuer....
The same valuer valued the property when we sold it to the LTC last year so we thought they would have an appreciation of the work we have completed but maybe not.
We had an issue last time when the invoice didn't match the quote for three valuations they did for us, after several emails and some non-existant Comms on their end we gave up and paid the invoiced amount.
We are just starting out in property investment and trying to get that "good team" around us but so far we are on our second mortgage broker and still doubtful, second valuer and even more doubtful and thinking about getting a new accountant that we can actually go and see as our current accts are at the other end of the country.
Any recommendations on professional,friendly, helpful,fairly priced professionals in Christchurch would be much appreciated.
sorry for the rant but these folk aren't cheap!!!!
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