Negative Equity occurs when the value of an asset falls below the outstanding balance on the loan which was used to purchase that asset.
Negative equity is calculated by deducting the balance on the outstanding loan from the value of the asset.
In other words, it is basically the result of having made a bad investment decision.
Once this [...]
Archive for August, 2009
August 15, 2009 by StraightTlkr · Leave a Comment
Filed under: Comparables - sales, Estate Agents, House Price Valuation, Moving Experiences
Filed under: Comparables - sales, Estate Agents, House Price Valuation, Moving Experiences
Why can’t estate agents learn to do surveyor’s house valuations?
If they did, there would no longer be hugh disparities when the mortgage survey is carried out on a property which they have negotiated offers on.
Just think how much faster sales would then progress.
The benefits would be quite unbelievable and it wouldn’t be difficult for them [...]
Its indefensible for estate agents to suggest that all the mortgage surveyor’s valuations are wrong, in a falling market.
The disagreement arises from estate agents having a different market view from surveyors. I was a mortgage surveyor, valuing houses during the 70’s, 80’s, and 90’s, so have had first-hand experience.
Estate agents like to get the [...]
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