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ZELGreater Melbourne (Metropolitan), VIC
Very Unprofessional Valuer
In last few years, I have been unlucky selected 3 times to have Herron Todd's by the banks regards refinancing and I was given about 50% lower figure than average market value, so I stuck. I remember clearly that one of Herron Todds' valuers' name is [Name Removed]. Recently I was given to PRP Valuers and the result is 25% higher than average market value, finally be able to refinance.
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SSPSydney, NSW
- 2 reviews
Low valuation
Not at all happy with the valuation done. It was low. Four years ago I have done valuation it was 600k, only 60K more in 4 years with additional renovation done. Not at all realistic, if next time any bank advises me they are using Herron Todd White, I would back off 100%.
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BlokeSouth East Queensland, QLD
- 6 reviews
Useless and inconsistent!
Wanted to say thanks to [name removed] for valuing our house substantially less than the valuation he did two years ago... We have pumped quite a few $$$ into changing our yard shape (retaining walls etc.) and renovating our house, and as a result this apparently means it's now worth less than before the pumping money into it.
Sales in our area have been reasonably steady and constant so there is no reason why our valuation should have been less than two years ago... This mob are definitely inconsistent with conducting valuations and by the looks of it, useless overall.
Can't seem to avoid them depending on the bank you are going with, but good luck to all who have to cop a ridiculous valuation from Herron Todd White!
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TerryGreater Melbourne (Inner), VIC
- 2 reviews
Unprofessional, lazy, does zero homework and ends up guesstimates the value of your property
Definitely avoid these guys, they don't do their homework at all on the property and guesstimates a value if they don't find enough information in a suburb they don't know.
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Wouldn’t use them
Wouldn’t use them, valued my house at the same price it was purchased for 5 years ago, when equivalent properties in the same suburb are selling for much more. They are out of touch.
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Fiona
- 2 reviews
Worst valuation ever
We recently had the misfortune of having our bank select todd herron white to do a valuation on our property.
My wife provided information concerning the increase in block size etc.
The valuation provided was less than one undertaken 8 years previously and much less than any other provided.
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Tom P.Sydney, NSW
Valuers unprofessional and undervalued
I had Herron Todd White come in value the property twice they are absolutely terrible and cannot get there damn valuation right, my neighbour had his property valued at 100K more then mine when his is smaller with a different valuation company HTW came and did mine and they were 94K lower then market and 125K lower then my neighbour how the hell did they get that valuation done??
terrible never ever ever will want to use these monkeys again.
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Anirban
- 2 reviews
- 1 like
Meaning less Valuations
Herron Todd White does property valuations in Blackbburn area for Commonwealth Bank. They did the valuation of my house, twice in 3-4 months. Each time the valuation was abysmally low. The same property when valued by other valuers came higher but the range was almost $ 70000- $ 80000 more than HTW.
Needless to say CBA will never get my mortgage portfolio when I refinance.
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Amit A.
- 3 reviews
Warning - Do not engage with Herron Todd White
I would like to leave this review so that everyone is aware of Herron Todd and i request everyone in Australia to not engage them.
They value your property ridiculously low which doesnt make any sense.
My property has been valued quite low and very disappointed with them.
Let me give all of you some facts:
I built my house in 2016 for 570K which was valued for 570K and approved by bank. Today the land price has increased by 16.12% and the construction price has gone up by at least 10%. So today bank and valuation companies like Herron Todd are happy with the valuation of land but the existing buyers don’t see that valuation at all. They are disrupting the market and making people suffer.
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Anna MGreater Melbourne (Inner), VIC
Great service and reliable
My lender appointed HTW to undertake a valuation for finance. I was contacted within a day to arrange the inspection, the valuer was on time and courteous. The valuation report was completed promptly and the value was similar to what we expected. Recommend these guys!
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Wonder LaundryMelbourne
- 10 reviews
- 10 likes
Highly Subjective Valuations
Am in the process of arranging finance for a new build apartment. HTW cannot find comparable apartment blocks in the same inner suburb postcode so they just chose three random 2 bed 2 bath apartments. Two apartments were over 15 years old and unrenovated, the third was a property marketed to a completely different demographic.
The blocks they chose were not even comparable 12 apartment 2 storey block down an alley with a knackered kitchen and bathroom was used to value a 25th floor north facing apartment with extensive amenities.
Valued the amenities of the building at less than zero and undervalued the property by 15%. Fortunately should have enough time to find another lender.
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PeterIllawarra, NSW
Undervalued by $80,000 by an Incompetant Valuer
In the process of building our first house. Had a valuation done back in March 19 to see what we would be dealing with, came in at $785,000 (House Build $385,000, Land $400,000). This was done by a NAB valuer (not Herron Todd White). Valuation was done just in case I needed a little bit more cash to meet the 80%. We did not, quite easily.
We are now in the process of going for finance and we went through CBA which uses Herron Todd White as a valuer. Value came back at $700,000! $85,000 under what it was valued at 6 months ago. They valued the...Read more
land at $315,000. Take note that our rateable value for the council rates is $339,000, so they were well under even the minimum that I thought would be possible. I also have documentation from the Valuer General (State Government valuation in NSW) which valued our land in October 2018 at $417,000 and they are meant to be the conservative one. I knew this an incomplete valuation, their comparison sales were valuing against properties in a completely different post code well over 100kms away from our build and were comparing to houses that are over 30 years old. To me this was incompetant. At this point I am starting to stress because this is now creating the issue of lenders mortgage insurance of $15,500 to be paid at the point of financing. We queried the valuation and they would not budge even with the additional information we gave from Council and the state government. We decided to try NAB, they ended up giving the valuation job to the same valuer!! (Herron Todd White). I requested a change of valuer because they would come back with the same result, which they did, and it was changed to Opteon. Another reasonably big valuer in Australia. Surprise Surprise, after a couple of days the value came back at what I thought it would be initially $780,000! Land worth $395,000! An $80,000 difference! Opteon used only sales that were applicable to the area that we were building in and used comparable sales of brand new builds and a couple of older builds with similar sized houses and blocks. Not only did they know the market as to where we are building, Opteon made note of the current government changes, buyer confidence and First Owners grants contributing to a higher value. I will wear the slight drop as investor confidence is still building after the liberals were elected again. But not an $80,000 drop in 6 months, that's ludicrous. This caused a significant amount of stress for myself and partner of the last 2-3 weeks, all because of the incompetance of a valuation from Herron Todd White. Anyone who receives a valuation that is under what they believe is correct (especially from Herron Todd White) should try a different lender and even a request not to be done by Herron Todd White. They don't know each market and will make ridiculous assumptions about the market with no credible evidence.Similar opinion? Write a review on ieatwords.com.au!
Admin staff are excellent
I required an urgent valuation but was informed the turnaround time is at least four days. I left my details for a call back to see whether an urgent valuation could be accommodated. I didn't expect a call back, so it was a pleasant surprise that I received a call that afternoon that the valuation could be expedited. I don't know how their other services fare but their administration side I am very impressed with.
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Unrealistic Property Evaluation
HTW evaluated almost one acre block in Slacks Ck (250 Sqm zoning) with house on it so low that you can’t even buy a reasonable 4 bedroom house on 600 Sqm block in Slacks Ck for that. Either they are so much out of touch from the local property market or are too scared from banks. To cover themselves just try to ruin people’s properties values. Definitely not recommend them even if bank is insisting to use them. Better to change the lender instead of using HTW.
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Mandy BSydney, NSW
- 5 reviews
- 1 like
Poor valuation - unsure if they are truly horrible at their job or they do it on purpose.
Had a valuation done in Dec18 coming back at 950k, Feb19 at 940k (both by a reputable valuer) then at 770k in May19 by these untrained valuers at HTW. Seriously?!
Waste of my time and money. And to think they are used by CommBank, I'm appalled.
They compared my 6 month old home to ones that were 6 years old; to ones with half the land size; to ones with half the home size; they wrongly listed the home as a bushfire risk; listed it as a 4bedder instead of a 5bedder; deliberately did not take any features into consideration despite being given a...Read more
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Alex Worlds KingSydney, NSW
- 2 reviews
- 3 likes
Riduculous
They have no real idea. They use an app to run figures instead of using common sence and real valuations. No response to complaints i made. Look at how much theyre in court. Drongos. Do not use them. They valued my studio in Sydneys Dee Why for 100k like seriously big drongos. I wonder if theyll pay for the cops if a brawl erupts to buy the property at their valuation. Do not use and refuse if the bank wants them
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JennySouth East Queensland, QLD
Ridiculous
The bank requested a valuation due to restructuring a loan. The valuation was so low it was ridiculous and the valuer was so rude. Probably why the banks use them, to get more money out of people for Lenders Mortgage Insurance. You couldn’t buy a house in our suburb for what they say it’s worth.
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Didn’t know the area, market and no homework
We had a desktop valuation on our property, prior to a comparable sale across the road going through. By the time the valuer from HTW came through that sale and others in the suburb and neighbouring suburb came through. They under valued our place over $100k and at the same price they valued the property 3years earlier. This based on, not including comparable sales from the same postcode, not including over $100k of renovations and remodeling, and them jumping 2 suburbs to an area in general lower value then ours. When questioned about the repo...Read more
rt missing information, not including the fact our UCV had increased $100k, median sales in our suburb has increased $56k and not using direct comparables they would not change their report. We have them a list of all the improvements to date, and comparables thinking it would help them. The arrogant valuer said “he would use his own information” fair play and understand they should do their due diligence. But surely disregarding the information and then reporting back with bogus information is doing them a dis-service, it surely did us as the bank then wanted mortgage insurance because the value tipped us into a higher LVR. 100% will not use them again and if the bank assigns them, you have the right to say No.Similar opinion? Write a review on ieatwords.com.au!
Neglected to do their homework
The valuer at HTW neglected to identify we had a green titled block, basing their value on a strata block instead, and despite us requesting that they review their assessment, they refused to do so. When we went to another bank in hopes they would seek an assessment from a alternative valuer (a previous alternative valuer had assessed an additional 300k only 6 months previously), they used HTW who simply photocopied their previous valuation and sent this through.
Very poor professionalism when such a simple thing is missed, and unable to ide...Read more
ntify/own their mistakes and attempt to rectify them at the expense of others. Its one thing to undervalue (which is a problem in itself), but to assess on completely incorrect information is neglectful.Similar opinion? Write a review on ieatwords.com.au!
ChassyAU
Really conservative valuers
I used HTW and the other big valuer come on the same day valuing my two units in Chermside, two units of the same floor plan same aspect on different floor, HTW valued the one on the higher floor (better) 10% lower than the other valuers did and it was much below what we got the contract for.
I am a small size developer and has welcomed numerous valuers on site and I found HTW is the most conservative valuer of them all.
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Questions & Answers
Philasked
Do you people have any good reports, or are they all negative??
No answers
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