Posted by
dimac4
19 yrs ago
Here is the scenario - found a house, asked HSBC to give me a valuation on this house 10 days ago - they came back with 7 million, My real estate agent asked them, they came back with 7.5 million, I then went back to them and asked them for a valuation - they came back with 7.5 million - OK 2 out of three - so we took that as the price - I then get another bank valuation from the bank today (as they were discussing how much they were going to lend us) and they came back with 7 million again - where do they pluck these numbers from and what do they base the valuation on if they don't even step into the place?
My feeling is they make it up as they go along.
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