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Old 30.04.2013, 21:01
milfordred milfordred is offline
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Bank property Valuation vs Realtors valuation what's the difference?

Just had our property valued by the banks it is coming up 150k less than the actual sale price (and the sale price is not inflated looking at the market for similar properties) - does anyone know what the bank valuation really means? Is it the amount the bank is willing to lend a prospective buyer before the buyer puts the 20%deposit down? Really confused as the bank valuation is less than we paid for the property 5 years ago!!! Any advice would be great.
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