There is no denying the fact that buying a home is without any doubt one of the most important decisions that one takes in his or her life. For many it is a once in a lifetime decision. It has to be therefore very carefully evaluated and a lot of due diligence process has to be gone through. The entire process should start with the task of identifying the right property, the right seller, the right location and also it should be bought at the right time.
Having a marriage of all these requirements is not an easy job and it takes a lot of skill do it. Once these requirements have been fulfilled the next job is to find out the right bank or financial institution for funding the entire real estate purchase. This is not an easy job because a lot of factors have to be taken into account while taking a loan. The credit history has to be good, the repayment capacity has to be factored in and last but not the least the bank should find your application suitable for a mortgage loan.
Banks usually go through various due diligence processes and property valuation is something that is extremely important.Hence, before you even apply for a home loan it would not be a bad idea to take the help and assistance of a Sydney property valuer. They will be able to give you a clear indication about the fair market value of the property in question. You can rest assured that your bank will also go through this due diligence process and in fine the amount of funding, the repayment tenor, the rate of interest and other parameters would be decided by the valuers report.
Hence you should be sure that there is near perfection between the valuation report submitted by your valuer and the valuation report that has been brought out by the bank.In most cases it would be almost similar and if there is any discrepancy you have reason to take it up with your banker.
However, it would be wrong to assume that all bank valuation report are understated or that there is some bit of doctoring that is done on it. Further the valuation report would also be very useful for you to have some subjective information about the property in question. The details with regard to infrastructure, amenities and facilities will certainly be of use.
See More : http://www.sydneypropertyvaluations.net.au/