Independent Property Valuation vs Agent Appraisal: What Every Australian Homeowner Should Know
Most Australian homeowners have received an agent appraisal at some point and assumed it told them what their property is worth. It gives a number, it comes from someone who knows the market, and it costs nothing. What’s not to like? The problem is that an appraisal and a valuation are not the same thing. They are prepared by different professionals, for different purposes, and carry very different legal weight. Confusing the two in the wrong situation can mean incorrect tax calculations, a failed finance application, or a major decision made on a figure that has no legal standing behind…
Continue reading
