Could I push Valuer to to value property just a bit more so I can get in <60% bracket?
When my valuer done mine, he asked me was there any specific valuation I required, and I said no. I would fall into the lowest bracket either way.But if it's very close, I imagine that you could ask them nicely.
In a similar situation I told the valuer on arrival that I needed the house to be worth at least X as the point was to get a better rate. It probably was worth X anyway but I wanted to eliminate any doubt. They got paid, bank was happy, I was happy. If they valued it less than X I would have paid the difference off the mortgage to get the rate.Could I push Valuer to to value property just a bit more so I can get in <60% bracket?
That is a tough one. They should value the property at what they think it's worth and not at what you would like it valued at.
But if it's very close, I imagine that you could ask them nicely.
Yeah, I was just thinking about this, would there be any downsides to get it valued a little bit higher?...In a similar situation I told the valuer on arrival that I needed the house to be worth at least X as the point was to get a better rate. It probably was worth X anyway but I wanted to eliminate any doubt. They got paid, bank was happy, I was happy. If they valued it less than X I would have paid the difference off the mortgage to get the rate.
I didn't want it valued at much more than X either, to avoid any possible knock-on effect on property tax.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?