Just found this promotion which maybe of use to some people here.
QV e-Report Promotion
Between 12.01am 8 March 2021 and 11.59pm 31 March 2021, QV is providing property e-Reports free of charge.
Free Property E-Reports @ QV
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Thank you for this!
Great find and post ;)
I just search my neighbour house sold 3 month ago, QV valuation is $55k lower than the previous sales price, I doubt that how accurate is this?
A house sells for the amount that a buyer is willing to pay. The QV is only one factor in their decision-making.
There cannot be an objective standard; markets always go up and down, there can be more demand or less, and sometimes the deal is negotiated skilfully by one side and poorly by the other.
not accurate at all, one of my property is way less than what I paid and just few thousands over CV, how can that possible giving the property is in St Heliers and solid 60s construction,
Property values/Relab is way more accurate on this and free anyways.
Website crashed on me few times.
Thanks OP!
Other websites have estimated values too. So not surprised they are offering them free. Butthese types of websites seem to be contributing in pushing up house prices even more, as more people are using these values as a way to justify what they pay, and then they are prepared to pay a bit more to secure that property. .
Well if you want the house and willing to pay more than someone else then so be it.
When there is a lack of supply, like there is currently, it means most houses will have multiple people bidding at tender or via a multi-offer. So the odds are that one of those people have seen an online estimate and may then add more on the assumption that someone else will also bid at least that amount. As a tender is someones best offer, they have to offer an amount that will beat another offer. Each time this happens, it increases the average house price and estimate in the area. Someone buying at tender don't know what other people are offering, so someone that wins maybe paying tens of thousands more than the next highest offer. I have been through this a lot myself as a home buyer, which is why now is such a bad time for home buyers, as buyers don't want to get into a multi-offer situation if they can. Auctions are better for buyers, because if you win, you only bid up to the maximum price that someone else is willing to pay, which may not be your maximum amount you will pay.
Its probably a bit of a simplistic view on it tbh. If Tender was strictly better for sellers than an Auction, why would anyone choose an Auction?
Auction tends to drive the prices up more. People lose their cool and in the heat of the moment, they can change their maximum bid and increase it further. Most properties thst have sold high have traditionally been auctions
While I agree with you, you don't have to increase your first offer on multi offer situations.
If you have better conditions then perhaps the seller will pick you over $10,000. Eg. Move in dates, requests for repairs etc.
It's almost like supply and demand, high demand but we need to sort out supply.
Ive had an offer rejected on an ex rental, then I said to agent, " has your client seen the state of the house? If they want to sell I won't be increasing my price " as I was prepared to fix it up.
Original offer got accepted.@Foodie: This is absolutely true - we bought a house under multi-offer, and got it for less than the top offer, due to us being flexible timing (could move in a few weeks, or wait a few months), and having finance pre-approved. The difference was about $15,000 I believe.
It will also depend on the vendor of course - if you buy before you sell, it's likely you'll end up giving in to the agent's pressure as you probably have a firm date you have to be out by.
Well, estimates from the web cannot push the value up. It is what bank uses (corelogic/valocity) that push out all the home buyers from the market where they've use the value for the loan (which lots of rich investors get even richer and sorry for the poor home buyers).
I don't think any property websites offer estimates are accurate at all but I've seen lots of very high estimates from registered valuer too.
Property estimates are some where misleading and I think any property websites need to take it seriously and have it not as a marketing material.
Most of the addresses I searched came back with ereport not available and the one that do crashes the site.
Bit of a waste of time.
They were having issues with their site meaning that a lot of addresses were coming back with unable to do a report for them. I have tried again and all of the addresses where it was previously saying they could not generate a report successfully generate a report now.
Would probably be worth trying again as you will likely be able to generate one for those addresses now.
Why would it be that I get a 'sorry cannot do it for this property' when I enter my address? Anybody else got this?
they rely on alot of surrounding area info when doing the estimates so they probably dont have enough in your area to produce a reliable enough report. qv is really just a information aggregator in a way.
Felt baited into a registration here - initially it showed my my property details and then when I signed up it came with the error 'e report not available'. Deleted my account and ended up feeling like this was a bit of a scam to get my details as a lead..
Did anyone actually end up getting a full copy of the report?
yes, got one for all my properties :)
That usually happens if there isn't much detail about your property and surrounding sales to generate a report.Have got few reports for my properties, however, it doesn't provide much useful information giving the property estimates are way out by far.
You can get sales history from sites like homes/propertyvalue(corelogic) and for Auckland properties, Relab has way more information.
Great post. I was honestly estimating atleast a 100k less for our place.
Thanks this was useful. As I’m looking to buy houses.
These reports are useful to see what other properties are selling in the area, however the data is always going to be historic. Properties are selling well over RV/QV at present
Thanks for this op!