What is the purpose of a property appraisal in real estate?
An appraisal in real estate is an estimate of a property by a real estate agent. Find out the difference between a market appraisal and a property valuation.
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You’ll get access to an online value estimate, alongside trended data on recent sales in the area and additional real estate statistics on the suburb. This information can help you if you’re looking to sell, buy or simply just curious on the value of the property or local market conditions.
We take a look at things like recent nearby sales, the property’s features and condition to calculate an estimate range and our confidence score on selling within that range.
We’ll give you access to information on recent sales in the area over a trended 12 month period, including the median sale price, the number of properties sold and average days on market.
We’ll give you access to even more real estate information on the suburb, including growth statistics and the most common type of property sold.
Recent, comparable sales in the suburb
Property features, type and condition
Distance of recent sales to property address
Confidence rating of our estimate