Hi All,
I understand the need for valuation and loans.
However, what happens when the valuation is higher then the purchase price?
What happens when valuation is lower then the purchase price? I'm guessing banks will more then happy to loan you the money.
What happens when valuation comes back at the purchase price?
I've just been advised my valuation has been at made in line with my purchase price. Does this mean I pretty much paid fair market value for this property?
Regards,
Shawn
I understand the need for valuation and loans.
However, what happens when the valuation is higher then the purchase price?
What happens when valuation is lower then the purchase price? I'm guessing banks will more then happy to loan you the money.
What happens when valuation comes back at the purchase price?
I've just been advised my valuation has been at made in line with my purchase price. Does this mean I pretty much paid fair market value for this property?
Regards,
Shawn