You cannot order your own valuation, the valuation has to be ordered through the lender. Some lenders have their in-house valuers. However, for the majority of cases, independent valuation companies that are part of the lender's panel are used.

What Is A Kerbside Valuation? What Are Its Advantages?

Q: How much does it cost?

Generally, it ranges between $100 and $120 (Core Logic).

Q: How long does it take?

It usually takes a few hours, and the valuer would generate a property value report based on his/her observations within a day.

Q: How long is the report valid for?

Generally, it is valid for up to 3 months.

Q: If I'm not happy with the kerbside valuation, can I challenge it?

Yes, you can challenge the valuation if you're not happy with the valuation figure. As kerbside valuation does not always provide reliable results, you can opt to go for full valuation.

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FAQs

Why are kerbside valuations being replaced?

Kerbside or drive-by valuations are not as common as they once were, especially after the Global Financial Crisis (GFC).

As the GFC led to more stringent regulations, most lenders started opting for full valuations.

Furthermore, kerbside valuations are slowly decreasing and being replaced by desktop valuations and AVM valuations.

Can I order it?

How much does it cost?

How long does it take?

How long is the report valid for?

If I'm not happy with the kerbside valuation, can I challenge it?

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What Is A Kerbside Valuation?

FAQs