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Old 01.05.2013, 10:46
runningdeer runningdeer is offline
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Re: Bank property Valuation vs Realtors valuation what's the difference?

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Really confused as the bank valuation is less than we paid for the property 5 years ago!!! Any advice would be great.
Generally this should not happen, but there can be reasons why, e.g. not maintained to standards, or new highway or other undesirable thing happening in the neighborhood.

But in general, I think it is the banks way of slowing down a very overheated property market in many parts of CH. Banks have gotten more conservative and have re-evaluated things in the last year or so, limiting their risk and putting more on the buyer. Perhaps check around at a number of different banks, there is still quite a wide range of values in my experience.
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