How much Is My House Worth? A Guide To A Property Valuation.
When you are selling your home the first question that pops into your mind is usually, “How much is my property worth?” This will then be the key piece of information to work out your budget for your next home and overall moving out costs. A property Valuation is a process of estimating the current market value of a property, based on how much it would usually sell for. A property valuation is normally carried out by a professional agency or by a valuer.
Having a property valuation is a vital step in selling your home. If you don’t know how much your home is worth you could be marketing your home too low which could end up with you loosing out or if you overprice your home you may struggle to sell it.
Castles Estate Agents have created the perfect guide to help you with everything you need to know about having a property valuation. If you would like more information on our valuations please visit our website today.
Why should I have a property valuation?
Having a property valuation is very important as you will get a better idea of how much your home is worth and you are then able to work out your moving budget for your next brand new home.
A property valuation will help you decide an accurate asking price based on the current value of your home. It is recommended you get three valuations so you can receive a true value of what your property is worth. There is nothing worse than finding the home of your dreams and then not being able to buy it due to having been unrealistic or unaware of the true value of your current property.
What happens during a property valuation?
You will meet the estate agent at your property at an agreed time. They will provide you with recent selling prices of properties in the surrounding area. A property valuation is likely to take around an hour as the estate agent will need to assess every part of your property. If you have had a home valuation before the estate agent may need to simply update their records which means the visit could be even shorter. Make sure you allow plenty of time for your valuation as there is no exact limit on how long the valuation will take and you may want to ask questions at the end that you may have.
How do I prepare for my valuation?
You may want to have a small spring clean and declutter which will help you maximise the space available in your property, making it look larger. Highlight the key features of your home which you believe would be an asset to a potential buyer.
You should also think very carefully about the questions you may want to ask. These questions may help you gain the key information you need to know from the valuation. It is also important to have any paperwork prepared for the valuation which will help get the estate agent up to speed. The paperwork you may need for your valuation may include rate information, building plans, maintenance charges or more.
Castles Estate Agents offer free property valuations online today which you can instantly access at the click of a button. If you would like any more information on property valuations please contact Castles Estate Agents today on 01793 611677.