![]() Remember to ask questions about the valuation and sales process. They will also provide a sales proposal on how they would handle the sale on your behalf. They will give a guide of what your property should achieve if you decide to sell. The agent will provide you with information on recent sales and current property prices in your area. They will advise you on any work you should and shouldn’t do before going to the market such decluttering, cleaning, painting, new carpets, tidying the garden and minor repairs. Your estate agent will then sit down with you and chat through various details of your property. A number of other factors will be assessed outside, such as the size of the garden and its orientation, parking, garage and other features. ![]() Inside, they will take note of its size, the number and type of rooms, the fittings and fixtures, their age and condition and so forth. When conducting a property valuation, the agent will walk through the property, much like a prospective purchaser when viewing. What happens during the valuation process? These includes things such as location (always crucial), the size of the property, condition, any unique features (such as high ceilings) and the potential for adding value: such as a new extension, attic conversion or bathroom. While an internet search of sold prices can give a general idea of your home's worth, an estate agent's appraisal draws on their knowledge of the area, including local demand and recently achieved prices.Īn agent's appraisal includes a number of important factors. ![]() They combine their expertise and local market knowledge to help advise you on the likely sales price achievable should you put your property on the market. ![]() And there are lots of factors that can influence the value of a property.īut what does a valuation involve? Here’s a few key things to know.Ī property valuation or market appraisal is carried out by an estate agent. Getting professional advice is often the first step in the process when you start thinking about selling. If you’re thinking of selling, knowing the likely value of your property can be critical in helping you make that decision to sell or stay. ![]()
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