r/AusProperty • u/Adorable_Tangelo7597 • 1d ago
SA Order multiple vals
This is only really applicable to investors or home owners that are refinancing;
But ask your broker for multiple valuations before deciding which lender to go with when you're refinancing or buying another property (assuming you have one already).
Or if you're not using a broker approach more than one bank with what you're trying to do.
This is especially important at the moment, the swings in valuations that I'm seeing are massive (more than normal because of the falling market?), but if a valuation comes in 100k higher than a different one that could mean 20k less you need to contribute to a new purchase, or 80k more you can refinance out of your property. And if you're like me and like having as much of your equity refinanced as cash incase of an extended downturn this is really significant.