How much is my house worth?
If you’re thinking about selling your home, to kick off the process you’ll want to find out how much your property is worth. Ultimately, you’ll want to find a source that can give you the most accurate valuation for the best price.
It’s a good idea to do your own research too. Familiarise yourself with your local market so you’re not going into the process relying on one source only.
Here’s how you can get to know the value of your property:
1. Online valuations
There are a few sites offering free online property valuations. These sites are a good initial step if you’re looking for a rough estimate of your property. However, these can be inaccurate as they don’t take into account the unique features of your property.
If you’re selling a property that isn’t comparable to many properties in your area, you might want to consider another option.
2. Valuation by licensed professional
Getting a professional in to give you an unbiased, accurate view on the value of your property is a good option, but will come at a small cost. You can expect to pay around $300 for a professional to come to your property and give you a property valuation.
A property valuer will use comparable sales and current market data to give you an estimate.
3. Using a vendor advocate
Another option is using the services of a vendor advocate. They’ll gather information from a few real estate agents and an independent valuer to determine a likely estimate for the value of your home.
4. A local real estate agent
As a part of the services provided by a real estate agent, they’ll come to your property and give you a property appraisal (an estimate of the value of your property).
Real estate agents tend to focus on one specific area, and with that, develop deep knowledge of the local market.
A good real estate agent will also know exactly what buyers in your area are looking for. So, they’ll give you a valuation but can also suggest ways to help to bump up the value of your property ahead of hitting the market.
How much is my house worth – what’s next?
If you’d like to find an agent with great market knowledge and experience, you can compare real estate agents at LocalAgentFinder, including sales history, performance data, commissions, fees and more.
You can book a property appraisal through LocalAgentFinder.