kippy Registered User
#16

awec said:
Main point of the valuation is to ensure that you aren't securing a 400,000 mortgage against an asset that's worth 200,000 at best.


Its a secondary aspect but not the main reason......surprisingly.

Sleepy Registered User
#17

catrionanic said:
Sleepy was just being facetious. Yes, they will enter the property.

Nope, not being facetious. Still annoyed I had to pay €150 for the "valuation" when we purchased our home two years ago. They never entered the property and, for all I know, simply checked it existed on Google Maps, took a look at the PPR and signed a form for the bank. It's very handy money for those doing it!

catrionanic Registered User
#18

Sleepy said:
Nope, not being facetious. Still annoyed I had to pay €150 for the "valuation" when we purchased our home two years ago. They never entered the property and, for all I know, simply checked it existed on Google Maps, took a look at the PPR and signed a form for the bank. It's very handy money for those doing it!


My god, I'm shocked. What an absolute joke. We had our own house valued by our buyers a few weeks ago and the valuer came into the house. We are paying for a valuation on our new house within the next few weeks, and I will be seriously annoyed if they don't even enter the property!

Fol20 Registered User
#19

catrionanic said:
My god, I'm shocked. What an absolute joke. We had our own house valued by our buyers a few weeks ago and the valuer came into the house. We are paying for a valuation on our new house within the next few weeks, and I will be seriously annoyed if they don't even enter the property!


Its just a cog in the wheel to get your place. It might have just been a drive by valuation if its a refiance

spicymchaggis Registered User
#20

I'm getting the valuation done tomorrow morning and they had to organise a time with sellers estate agent as they are entering the property.

godtabh Moderator
#21

We sold our house last year. Valuer for the buyer came out. Reported back that the value was substantially lower that the agreed price to the tune of €100k. Bank made them pay for another valuation and they paid for a third. Was fine in the end but complicated the sale!

KKV Registered User
#22

Got one done about 2 years ago. Came into the house, wandered around. I was buying so pointed out any and every flaw I could. He asked what I wanted it valued at, and I told him (but kept it reasonable).

He came back with the valuation I asked for. Valuation itself was free, but had the option of costing me €100 to get it in writing (which was fine with me). Saved me about €15k and was a nice chap to deal with, so was worth it.

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