Valuation of Property

Is the Buyer entitled to undertake a valuation of the property?

While the standard REIQ Contract is not conditional on the valuation of the property often it is a condition of the Buyer’s Finance Approval that it is subject to the property being valued and that valuation being acceptable to the lender. If a contract is not subject to finance then we would recommend that a Buyer obtain a valuation of the property before entering into the Contract.

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(ALSO READ:)
Buyers Rights to Access Property being Purchased
Buyers Guide
Sellers Guide

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Andrew Francey

B.Bus, GCAF, GAICD

Chief Operating Officer

Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the Ownit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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