When venturing into property development, knowledge becomes the key to success. Money undoubtedly holds a significant role in the development process, but understanding the responsibilities of everyone involved can provide valuable insights into the project’s progress.
Being well-versed in the roles of financiers and valuers is particularly crucial. While they have distinct functions, both greatly influence your financial decisions and potential profits or losses.
In this week’s episode, Bob and Hilary discuss important things to know about your financier and valuer. They highlight the role of a financier in providing necessary funds for projects and the advantages of leveraging borrowed money to maximise profit. They also emphasise the role of valuers in determining the value of properties, which is crucial for making informed decisions in the development process. So if you are looking for useful information on financing and valuation in property development, you won’t want to miss this week’s episode!
Episode Highlights:
- Bob’s tip of the day [00:47]
- Important things to know about your financier and valuer [01:53]
- What is the role of the valuer [05:23]
- What is the difference between rates [09:29]
- What is the role of a broker [10:35]
- Why do we need a financier and a valuer [17:07]
- Are you able to say you want a different valuation firm [21:11]
- What is the general timeline of a valuer [23:39]
- What is the impact of applying for different finance [28:15]
- Membership information [30:36]
Throughout the episode, we also touched on Hilary’s new book, 3 Wines In. To learn more click here: http://www.hilarysaxton.com
