The PROPERTY DOCTORS, Sydney Australia Novak Properties
NOVAK PROPERTIES CREW and PROPERTY LEGENDS in the industry share their experiences and knowledge. Hacks and tips to make you a smarter property GURU :) Learn with exclusive content, advice, insider info and HOT real estate industry PRO SECRETS. For sale, for lease, residential, commercial, buying off the plan, finance, mortgages, interest rates, first home buyer, investments - all topics covered. The untold real estate info you've been waiting for.
The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1714 - BUT MY VALUATION CAME IN HIGHER…
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📊 Thinking about getting a property valuation? Timing matters.
A valuation isn't a prediction of where the market is going—it's simply a snapshot of where the market has been, based on recent settled sales.
In a changing market, that number can shift quickly. A valuation completed today could look very different in just a few months' time.
A few things to keep in mind:
✔️ Valuations are based on past sales, not today's live market
✔️ Different valuers can produce very different results
✔️ Banks often take a more conservative approach during uncertain markets
✔️ A valuation can impact your refinancing options and future buying power
✔️ If you're upsizing, focus on your overall position—not just the sale price of your current home
One recent example saw valuations on the same property range from $850,000 to $1.1 million within a two-week period.
The takeaway? Don't get too attached to a valuation figure. It's one piece of the puzzle, not the full story.
Thinking about refinancing, selling or buying? Now might be the time to understand exactly where you stand. 📈
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