News

Mortgagee sales well below market value

Wednesday 6th of May 2009

Research by PropertyIQ identified mortgagee sales over the last five years and the price they sold for. It found that 88% of the houses that to go mortgagee sale end up selling below market value, with only 12% selling above.

“We have determined the market value of each property at the time of sale using our E-Valuer – an automated valuation tool that uses recent sales of n...

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