Property Chit Chat by Louise Roke
Some people are genuinely obsessed with anything real estate. Your host, Louise Roke, goes behind the scenes of Anything and Everything property. Find out what really goes on in real estate, learn tips and tricks from experts and join the roller coaster ride that is real estate! Whether you are buying or selling, are an agent, investor, or just love all things property — welcome to Property Chit Chat. Subscribe to hear all our episodes. If you want further information or want to be a guest, get in touch at https://www.facebook.com/PropertyChitChatbyLouiseRoke/
Property Chit Chat by Louise Roke
Why and When You Require a Valuation?
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Louise Roke/Tracey Warner
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Season 2
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Episode 10
Tracey explains to me why banks and lending institutions require some buyers to get a valuation on the property prior to approving their finance and she also explains what LVR is. If you have a low deposit or a high loan to value ratio you may be required by the bank or building institution to get a valuation on the property you are purchasing.
Bear in mind this information is only valid at the time of recording and we advise people to get advice to see what the latest ruling is on this; and as usual seek legal and or other technical advice.