What happens when a property valuation is under the agreed purchase price?
Bank Valuations Depending on your circumstances, if a bank valuation of a property is under the agreed purchase price it could mean that you cannot obtain the required finance to assist with your Purchase. The video highlights an example where we were acting for a First Home Buyer and the property valuation ordered for finance purposes was significantly lower than the agreed purchase price. It is possible, even with a strata apartment, for the results
Cindy Lambert
