QLD Anyone had experience with expert witness evaluations?

[Barry123]

Ok one more try. HAS ANYONE HAD SPECIFIC EXPEREINCE IN VALUATIONS OF A PROPRTY AND ABLE TO TELL ME IF THE COURT EXPERT VALUE IS MUCH DIFFERENT FROM REAL ESTATE VALUATIONS. The key words here are " has anyone had specific experience ?"

 

[sammy01]

Real estate agents tend to over value. They want your business so they'll tell you that you're gonna get more so you sign up with them.
A bank valuation is more realistic.

 

[Complex3]

I received an expert valuation and it feels as though they’re less than the market value in current times. We are using that valuation however as it was a court ordered valuation.

 

[Barry123]

Cool Thanks. Thats the actual information I was looking for . thanks

 

[Complex3]

No trouble at all. I have had it appraised by a RE agent which is higher, but as I haven’t listed I couldn’t tell you if the value was accurate, but given the valuation is court ordered I would assume any private appraisal wouldn’t make a difference. I believe there may be a way to challenge valuations if any party so desired, but as I haven’t had to face that, I’m unsure if that’s 100% correct. Hopefully you get the outcome you’re looking for

 

[Dpj]

Ok one more try. HAS ANYONE HAD SPECIFIC EXPEREINCE IN VALUATIONS OF A PROPRTY AND ABLE TO TELL ME IF THE COURT EXPERT VALUE IS MUCH DIFFERENT FROM REAL ESTATE VALUATIONS. The key words here are " has anyone had specific experience ?"

I had 5 properties valued by court appointed valiers. 4x cheapies (<$200k) in Adelaide - valuer was on the low side (slightly less than bank). Then a house in inner Melbourne. 3x bank valuations a month before court appointed valuer were 15% lower. Court valuer way over valued and used bad comparisons. So it can go both ways. I wrote a reply in your other post. Start doubting the property.