Archive for August, 2009

Negative Equity

August 15, 2009 by RealisingReality · Leave a Comment
Filed under: Comparables - sales, Estate Agents, House Price Valuation, Moving Experiences 

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 [...]

Why can’t estate agents learn to do valuations?

August 10, 2009 by RealisingReality · Leave a Comment
Filed under: Estate Agents, House Price Valuation 

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 [...]