May 18, 2018 Only Estate Agents

How to Appraise Your Home and get your real estate property value

Getting an estimate on your real estate property value can be daunting. People often worry if their homes are not worth quite as much as they had hoped, or they don’t know how to find ways to assess their property value.

It’s important to use the resources at your disposal in order to find an estimate on your property as soon as possible. There are hundreds of options from personal real estate appraisers to free online property valuation. Getting a good idea of your value is the first step in selling.

In order to get an assessment on real estate property value, a professional will look at other houses that are comparable to the value of your house. These estimates are known as “comps.” These professionals have access to listing services which show all properties in a neighborhood that have been put on the market. It can be difficult to get an accurate estimate if you are not a professional.

In the article below we will list some of the quality resources that you have available to get an estimate on your home

Tools for Appraisal

In order to get a good idea of what your property is worth, you need to look at other properties that have already been sold. Do some research and find other properties that are close in square footage, upkeep, and area to your home. This will give you a good idea of what other people in the market are willing to pay for a house similar to yours.

There may be some features of your house that lower or raise the property value. This can be something like bedrooms, garages, or additions. These things can be added to your estimate as needed, but a general rule of thumb is to find three houses similar to yours and get an average of their real estate property value.

There are also a lot of free online sites that can help you appraise your home. These sites essentially cut out the middle man— an appraiser— and allow you to use the site to do their job. It is very easy to enter your property information, identify comps, and get an estimate on your house.

Of course, because this is a website and not a human, the quality of the appraisal may not be as good as that of a human being. That being said, technology is always advancing and online appraisals are already fairly accurate.

The tools are out there and ready for you to use. An accurate appraisal from a professional may help your ability to sell your home. This is because an accurate price is something that more people will be interested in spending.

Online sites, though, can save you thousands of dollars, if you’re still interested in finding more information about how to accurately appraise your home, reach out to a professional who can at least give you a quote or advice on how to find online resources.

Whether you’re thinking of selling, buying or you are just interested in the local real estate market, Only Estate Agents property report can help you better understand the estimated value of your property. Give Khalid a call on 0422 406 745 to organise yours today.