Gio Thanks so much for the detailed explanation! Bank has asked for a second revaluation. Fingers crossed this time. We're ok to pay a little bit over but 100k is below the belt. I can't seem to fathom how it could be way off. We definitely haven't added anything unnecessary to the home that wouldn't add value. I understand that in a new area, it's hard to get comparable sales but surely you'd be taking current build costs and land value into consideration, how else do builders like Carlisle or Porter Davis reign in Craigieburn if all valuations came under by using just the comparable sales of the established side where prices don't move as fast at the cost of building and value of new land. I can't seem to comprehend that.
stage 19 - Aston - Craigieburn
Thanks so much for the detailed explanation! Bank has asked for a second revaluation. Fingers crossed this time. We're ok to pay a little bit over but 100k is below…
stage 19 - Aston - Craigieburn
The house valuation to get the bank to finalise the construction loan. They do a valuation of the home and land as if it was fully built. We have…
stage 19 - Aston - Craigieburn
Hey All, hope all your builds are coming through smoothly!! Just wondering whether any of you had your valuations come in lower? Ours just came in 100k less!!!
Cheers
stage 19 - Aston - Craigieburn
Thanks Aston19. They say May and that they're fasttracking us through from Tender to Contract. So we'll see how we go! How…
Thanks Aston19 They say May and that they're fasttracking us through from Tender to Contract. So we'll see how we go! How far are you?
Thanks Aston19! They say May and that they're fasttracking us through from Tender to Contract. So we'll see how we go! How far are you?
stage 19 - Aston - Craigieburn
Howdy from another neighbour in Stage 19! Newhouse2 we are on Precedence drive too! Building with Carlisle homes, done with colour appointment and set to Tender/Contract next month! How…
Gio Thanks so much for the detailed explanation! Bank has asked for a second revaluation. Fingers crossed this time. We're ok to pay a little bit over but 100k is below the belt. I can't seem to fathom how it could be way off. We definitely haven't added anything unnecessary to the home that wouldn't add value. I understand that in a new area, it's hard to get comparable sales but surely you'd be taking current build costs and land value into consideration, how else do builders like Carlisle or Porter Davis reign in Craigieburn if all valuations came under by using just the comparable sales of the established side where prices don't move as fast at the cost of building and value of new land. I can't seem to comprehend that.