NSW Property valuation

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Basil62

Member
1 June 2020
2
0
1
My x partner has refused to accept a appraisel of the property by real estate agents.. now demands a valuation
Who is required to pay as he has refused the appraisels from 2 real estate agents
Regards Warren
 

Atticus

Well-Known Member
6 February 2019
2,045
299
2,394
My x partner has refused to accept a appraisel of the property by real estate agents.. now demands a valuation
Within their rights to refuse ..... If the other party wants to engage a professional valuer, then they should pay for it..

Important differences... A real estate agent appraisal is not an actual property valuation... more of an educated guess at what the agent thinks the property might fetch on the current market..... a professional valuer on the other hand values the property an a different set of criteria..... a professional valuation is what is usually required in a property settlement, particularly if there is a dispute over the actual value