EP: 2511
CV vs Market Value The Mistake Most Buyers Make⎟Ep. 2511
A CV feels official ... so buyers treat it like the property's real value. It isn't. Right now, houses are selling anywhere from 8% below to 20% above CV, depending on the region.
In this episode, Ed and Andrew break down what a CV actually is, where houses are beating it, and how to use it without getting burned.
You'll learn:
- What a CV really measures
- Which regions are selling above CV, and which are below
- Why are they so often wrong
The bottom line? A CV is a rates tool, not a valuation. For what a house is really worth, start with recent comparable sales.
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