Have you wondered how properties are valued and who has the authority to value them? In this episode we speak to veteran valuer Bart Mead, Executive Director of JLL Valuations and Advisory. Bart has 30 years of providing property advice to financial institutions, the government and private individuals. We sit down to discuss the current state of property valuations: how they work, what factors impact the value of a property, and where the future of valuations will be - automated, cheaper and with a click of a button? Listen in to find out.

Here’s what we covered:
Why valuations underpin the financial system and the greater economy?
How do valuations give the buyer confidence after purchasing?
Will valuation in the future be done prior to purchase?
Will automated valuations be the future for property purchasers?
Do valuations vary greatly?
What are the different types of valuations?
What's the process of banks picking valuers?
How will the Covid-19 Pandemic impact how property is valued?
How much do banks dictate how valuation should be done?
Could you take a valuer to court for under/over valuing property?
How do valuers treat off-the-plan property?

MENTIONED EPISODES:Episode 62 | Cecille WeldonEpisode 120 | Michael Yardey

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: info@gooddeeds.com.au 

Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: hello@wealthful.com.au

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 16 April, 2020.

Have you wondered how properties are valued and who has the authority to value them? In this episode we speak to veteran valuer Bart Mead, Executive Director of JLL Valuations and Advisory. Bart has 30 years of providing property advice to financial institutions, the government and private individuals. We sit down to discuss the current state of property valuations: how they work, what factors impact the value of a property, and where the future of valuations will be - automated, cheaper and with a click of a button? Listen in to find out. Here’s what we covered: <ul> <li style="font-weight: 400;">Why valuations underpin the financial system and the greater economy?</li> <li style="font-weight: 400;">How do valuations give the buyer confidence after purchasing?</li> <li style="font-weight: 400;">Will valuation in the future be done prior to purchase?</li> <li style="font-weight: 400;">Will automated valuations be the future for property purchasers?</li> <li style="font-weight: 400;">Do valuations vary greatly?</li> <li style="font-weight: 400;">What are the different types of valuations?</li> <li style="font-weight: 400;">What's the process of banks picking valuers?</li> <li style="font-weight: 400;">How will the Covid-19 Pandemic impact how property is valued?</li> <li style="font-weight: 400;">How much do banks dictate how valuation should be done?</li> <li style="font-weight: 400;">Could you take a valuer to court for under/over valuing property?</li> <li style="font-weight: 400;">How do valuers treat off-the-plan property?</li> </ul> MENTIONED EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/062" target="_blank" rel="noopener">Episode 62 | Cecille Weldon</a> <a href="https://www.theelephantintheroom.com.au/podcasts/120" target="_blank" rel="noopener">Episode 120 | Michael Yardey</a> HOST LINKS:Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: info@gooddeeds.com.au  Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a>Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:<a href="http://www.getauctionready.com.au">www.getauctionready.com.au</a>Use the coupon ELEPHANT for your 30% listener discount. EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 16 April, 2020.

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

All the valuation questions you wanted to ask are finally answered.

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