bank value discrepency



ORIGINAL POST
Posted by kitty 17 yrs ago
I am interested in a property which is advertised at 3.9 million.

Standard chartered value it at 2.8 mill and HSBC value it at 3.3 million.

Can anyone recommend an independent person who can come and value the property for me? In my opinion it seems the property is way over priced... :)

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COMMENTS
Moppet 17 yrs ago
Agree with Patrick, the bank will only lend based on there valuation and any extra you would have to find yourself.

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kitty 17 yrs ago
my dilemma is, that i am new to the 'marketing game' and to me it seems that it is way overpriced.

Can anyone recommend an independent person who can come and value the property for me? So i can find out what it is worth (irrespective of what the banks say) I am not looking to get the bank to change their value, i just want to find out its REAl value.

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elysium168 17 yrs ago
check out the latest transactions of similar unit or within the same vicinity at this website: www.centadata.com/ephome.aspx


it gives you an idea on how much other people had paid. since the property market had been quite for more than a month now, the prices in the latest transaction here should still be valid today. You can probably negotiate even slightly lower.

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