Property
Property pre-evaluation: getting your valuation right
Valuations can make or break a deal timeline. Here’s what valuers look at and how to avoid delays.
Why the valuation matters
For a loan secured by real estate, the valuation determines how much can be lent. It sets the value side of the LVR and is often the step that holds up settlement.
What valuers look at
- Location, land size, zoning and access
- Condition, age and quality of improvements
- Recent comparable sales in the area
- Any leases, tenancies or special features
Tips to avoid delays
Make sure the valuer can get access quickly, have any leases or council approvals ready, and give your broker or lender accurate property details up front.
Faster valuations with Apple Finance
Our valuation process is drastically shortened with a nation-wide network of valuers who are ready to be on site — one of the reasons we can often settle within 5 working days.