Buying a House at Auction
It may seem difficult, or even daunting, but there are many advantages to buying a house at auction. When the buyer and seller meet, and the hammer comes down, the true market value for that property will have been established. It’s a proven system of success.
Buying at auction avoids the traditional offer/counter offer negotiation process. An auction is an exciting, competitive environment where everything is out in the open. You can see your competitors and keep track of each and every bid. No deals behind closed doors!
Here’s my advice!
September 30, 2009 No Comments
Valuation
What’s the difference between a Rating Valuation and a Current Market Valuation? Well, it can be confusing, these are two of many types of valuations that buyers and sellers might see. What the difference?
You might need a valuation for a property when you’re thinking of buying or selling, but there are other reasons to get your property valued, for example, you may wish to borrow money or insure your property and for this you’ll need a Current Market Valuation. And your local council levies their rates based on the valuation of your property called a Rating Valuation (RV), up until a few years ago it was called the GV or Government Valuation. Occasionally there are disputes over property, for example matrimonial disputes, commercial disputes and other issues that require a valuation.
Let’s look at the GV or your rating valuation:
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September 11, 2009 1 Comment







