Fred99:

 

ghettomaster:

 

trig42:

 

Interesting.

 

Checked our current house (on which we have got a 3 month old Valuation) - Homes was about 10% under that. Seems it is using some sort of formula based on Rating Valuations, unless there is a recent sale. I checked my parents house, which sold a year ago, and the valuation on that is a little higher than what the sold it for (which I'd expect).

 

An OK tool if you are hunting around, but like anything, a house is worth what the market will bear paying.

 

 

 

 

You're in good company. I got a valuation a few months ago and homes is about 10% under that for me too.

 

I do like that between the homes site and TM we don't have to fork out money to QV as much. It'll be even better once TM get their data feeds updating more regularly which they are apparently working on.

 

 

 

 

I have a mate going through a rather messy divorce at the moment.  He's in the "family home", she wants her share of the $$$.  Two valuations from two registered valuers dumped on the table as lawyers meet.  No surprise that there's a very large gap between the figures.  No surprise which way that difference goes.  Conclusion that valuations might be more optimistic or less optimistic depending on who asks the question and why isn't rocket science.  If you want a valuation in order to get finance, you want it to err on the high side.

 

Yep, you can influence valuers, but I have found they will have a ceiling and a floor price.

The valuation we recently got, we asked for it to be as low as possible (we actually said, we needed a value on the house such that if it was put on the market at that price, it would be sold within a week). He came back with a number and said he couldn't go below it. It was 10% higher than the homes.co.nz value.