A certified valuer (appointed by the lender) assesses property value considering location, area, age, condition, construction quality, amenities, and comparable sales. The valuation report determines maximum loan amount via LTV ratio.
If valuation is lower than purchase price, the borrower needs a higher down payment. Different lenders and valuers may arrive at different valuations for the same property.
Property valuation determines maximum loan amount. Fair valuation ensures adequate funding, while undervaluation may require arranging additional funds.
Nihal Fintech coordinates property valuation with experienced valuers and works with multiple lenders to ensure fair valuations for clients.
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