When you’re thinking of selling your home, one of the first things you’ll need to complete is a property appraisal. An appraisal is a professional estimation of how much your property will be worth given the local market and based on a variety of factors. It acts as a guide for both you and your real estate agent when determining which method to sell your property. A Property appraisal can be especially helpful when you’re trying to maximise your sales return and achieve a premium price for your biggest asset.
An appraisal calls on the local knowledge of your real estate agent with regards to recent trends in the local area. Things like auction clearance rates, median value growth and vacancy rates can all factor into these decisions. On top of this, the agent also takes the property itself into consideration including the location of your home, future developments in the region and the overarching economic strength of the area, all of which can all affect the outcome of the appraisal.
Furthermore, the condition of your real estate is also noted. Things like the size of the house, how many rooms there are, the overall layout, statements about structural issues that could cause problems – alongside photographs and maps – are all compiled into an easy-to-review report that can provide you with the insight needed to make the right pricing and marketing choices for your property.
If you’re interested in getting a property appraisal, contact the team at the Ray White Terrigal today. Our experience and expertise in the local community is second to none and will help you arrive at the most informed conclusion, giving you the best chance at achieving real estate success.
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