Many people know that purchasing a home or residential property investment today is much harder than it used to be. Not only have prices increased over the years, lending criteria and regulations have too.
If you require a market valuation for a residential property you naturally contact your local Property Valuer like you have done in the past (and you still can).
However, what many people don’t know is if you need a market valuation on a residential property for mortgage lending purposes, 99% of the time you will need to order one through a Valuation Ordering Service. The only way to be sure is talking direct to your lender or mortgage broker. If required, they can also order one on your behalf and of course, send you the bill.
Here’s a simple flowchart on how to order a residential property valuation.
Did you know this or is this news to you? Did you learn this the hard way? Let me know in the comments below.
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