When a bank evaluates your eligibility for a mortgage to purchase a property, they will always also verify the property value and if the market price is feasible. For this, lenders use a specific database that comprises of a large number of properties and their respective market valuations. Your mortgage advisor will also have access to this database and will be able to give you an estimate if the property asking price is too far away from the more conservative property values a bank will use for their estimation and if this will make a financing more difficult. Let’s speak about your individual case today, get the process started here.