A guide to your property valuation
When it comes to selling your property, it’s only natural you want to know all of the facts before beginning.
For the majority of us, owning a property will be one of the largest financial commitments we’ll make in our lifetime, so making sure that you optimise on its value is really key in order to step further up the property ladder and afford that next dream home.
As your leading local expert, we’ve taken a moment to break down some of the important areas of your market appraisal, so that should you decide to ask an agent to value your property, you’ll know exactly what you’re getting from them.
What do we mean by property valuation?
A property valuation is an assessment of your property’s value, which takes into account a wide range of factors from the property type and size, to its condition and location, as well as seasonal and national trends.
Having a local agent conduct your appraisal can be a really useful advantage, as they’ll know the local market and be able to target buyers within that area with the right marketing strategy to generate more viewings for your home.
Whilst it’s estimated that a seller will have appraisals from two to three agents on average, it’s vital that you choose representation based on their service proposition and success metrics, rather than opting for the highest valuation.
The aim here is to competitively price your property to achieve the best sale price in the best time frame possible.
Set the price tag too high, and you’ll elongate your stay on the market whilst deterring otherwise interested buyers. Set it too low and you’ll lose out on its full potential value.
Why is it important to get an up-to-date valuation, even when you’re not thinking of selling?
The market is constantly changing, so whilst you might not be ready to sell right now, it’s recommended to keep an eye on how properties are faring near you.
If a lot of your neighbours are selling quickly, it can be a really good indicator that you’ll be in a prime position to find a buyer at a price and time to suit you.
Prices have been increasing year-on-year, so knowing your home’s value can also mean that when it does come time to sell and move on, you’re already informed and ready to instruct an agent, saving yourself time and energy from the very start of your property journey.
Whether you’re looking to sell right now or sometime in the future, talk to our agents to find out exactly how much your home could be worth.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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