Defining the role of valuations in mortgage lending

Mangioni, V

Defining the role of valuations in mortgage lending

Mangioni, V

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Publisher:: Pacific Rim Real Estate Society (PRRES)
Publication Type:: Conference Proceeding
Citation:: PRRES Conference Proceedings, 2012, pp. 1 - 16
Issue Date:: 2012-01

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Field	Value	Language
dc.contributor.author	Mangioni, V https://orcid.org/0000-0003-0367-2171	en_US
dc.contributor.editor	-	en_US
dc.date	2012-01-15	en_US
dc.date.issued	2012-01	en_US
dc.identifier.citation	PRRES Conference Proceedings, 2012, pp. 1 - 16	en_US
dc.identifier.uri	http://hdl.handle.net/10453/22573
dc.description.abstract	In cases where property investment is financed, two important criteria apply in the determining of that finance. The first criteria is the ability of the investor to service the loan, the second and perhaps most crucial is the relativity of the purchase price of property to its value. This paper is a critique of the valuation profession and the use of valuations to engineer the lending of money after the purchase price of property has been determined. This is in contrast to the use of valuations prior to the purchase of property, in which the valuation may influence the price paid for property. A survey of several professions has been undertaken in determining the importance of the valuation, alongside other advice in the property purchase process. Further to demonstrating the potential use of valuations prior to purchase, this paper makes a contribution to expanding the role of the valuation profession, through the valuer being engaged by the borrower, rather than the long standing tradition of the valuation profession being the sole domain of the lender.	en_US
dc.publisher	Pacific Rim Real Estate Society (PRRES)	en_US
dc.relation.ispartof	PRRES Conference Proceedings	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	Defining the role of valuations in mortgage lending	en_US
dc.type	Conference Proceeding
utslib.location	Adelaide	en_US
utslib.location.activity	Adelaide	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Adelaide	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2012-01-18	en_US
pubs.place-of-publication	Adelaide	en_US
pubs.start-date	2012-01-15	en_US

Abstract:

In cases where property investment is financed, two important criteria apply in the determining of that finance. The first criteria is the ability of the investor to service the loan, the second and perhaps most crucial is the relativity of the purchase price of property to its value. This paper is a critique of the valuation profession and the use of valuations to engineer the lending of money after the purchase price of property has been determined. This is in contrast to the use of valuations prior to the purchase of property, in which the valuation may influence the price paid for property. A survey of several professions has been undertaken in determining the importance of the valuation, alongside other advice in the property purchase process. Further to demonstrating the potential use of valuations prior to purchase, this paper makes a contribution to expanding the role of the valuation profession, through the valuer being engaged by the borrower, rather than the long standing tradition of the valuation profession being the sole domain of the lender.

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http://hdl.handle.net/10453/22573