How to avoid low valuation disappointmentMake Text Bigger
Have you ever had that awful experience of learning that a mortgage valuer has down valued your property?
Property118 was created to facilitate the sharing of best practice. For that reason I think many readers will find this discussion thread very useful so sign up to get comment notifications at the bottom of this article and then click the green button.
I’m not going to start this thread by sharing what I do to help valuers to come up with the right figures, save to say that it is nothing dodgy of course. Hopefully there will be nobody suggesting that wads of cash will help!
I know for sure though that valuers do make mistakes, I also know why. They are human beings, just like you and I. They have targets to meet and they only get paid a tiny fraction of the money that borrowers pay to mortgage lenders in terms of valuation fees. Therefore, they have to turn things around very quickly if they are to earn a decent living. There are lots of things that can be done to help them to arrive at the correct figures so who wants to be brave enough to make the initial list of suggestions?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.