Home Company Blog
How to Appraise Your Home and Get Your Real Estate Property Value
By: Khalid Sarwari
October 30, 2023

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 neighbourhood 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 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 middleman— 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.

However, an accurate evaluation from an expert may boost your chances and ability to sell your home. This is because an accurate price is something that more people will be interested in spending. 

If you’re 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.

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Written by
Khalid Sarwari
Khalid Sarwari brings a much sought-after highly ethical and determined approach to his clients real estate needs. His diverse...
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