The central bank of Australia has issued a warning of the deteriorating conditions in the markets for commercial property, with banks and developers being exposed to property valuations that are too high. In its April Financial Stability Review, the Reserve Bank gave a grim forecast detailing that the period ahead would experience declines in volume
How to Improve Property Valuations
Properties must have a valuation in all areas. Most property valuers focus on both high and low levels of property valuations. When you’re searching for the right valuer, you’d want to look for one in the correct area.
Majority of Homeowners Believe Their Homes are Undervalued
The number of sellers who believe their homes are being undervalued has increased over the last 12 months, as 76% of American homeowners now believe that their homes should be valued at more than what their listing agent recommends – a rise of 3% from last year, according to a survey carried out by HomeGain.