Benefits of a property appraisal
Want to know how much your property is worth in the current market?
You need a property appraisal.
A property appraisal is an assessment of your property and its location by a licenced real estate agent to provide you with a property valuation estimate.
This assessment also includes recent comparable sales and an estimated price guide.
While not definitive or legally binding, a property appraisal will provide you with an estimate of how much your property may sell for in the current market.
Here’s what’s involved in a property appraisal, when, why and how to get one.
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What’s involved in a property appraisal
A property appraisal is made up of a number of assessments.
One is the assessment of the property itself.
At Baileux, we will review your property to assess its key selling features. We will look at things like the size of the property, the condition it is in, the number of bedrooms and bathrooms, fittings and fixtures as well as additional selling benefits such as a pool, home office or shed.
Next, we assess your property’s location. We will look at potential buyer appeal based on your property’s proximity to schools, shops, amenities and other desirable locations.
We then look at recent sales in the local area. We analyse the current local market to see if there are any similar properties currently for sale and the properties that sold in the last 90 days and for how much.
Using all this information, we are then able to provide you with a property value estimate or a price guide.
2. When to get a property appraisal
The best time to get a property appraisal is if you are after a feel for the local real estate market or are considering or planning on selling your property.
Knowing your property’s value is essential when it comes to thinking about selling or getting ready to sell.
At Baileux, we know the local area like the back of our hand and have plenty of experience selling comparable properties.
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3. Why get a property appraisal
Before listing your property for sale, a property appraisal will give you an estimate of how much it is worth before selling it.
If you’re looking for a definitive value, you can pay a professional valuer to come to your property and give you a definitive property valuation.
Another reason why you might get a property appraisal is to investigate how much value renovations could add to the property’s potential market value.
A property appraisal can also help determine the major selling points of a property and how to highlight them when it comes to hitting the market so that ultimately, it sells for more money.
At Baileux, we know what local buyers want and what they are prepared to pay more for.
During our assessments of your property for your property valuation, we can also discuss specific ways in which you can add value to your property.
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4. How to get a property appraisal
Getting a property appraisal is easy.
First, book your property appraisal. At Baileux, you can do this by calling our office on 07 4829 4816.
Then prepare for our visit to assess your property. You can also use this time to ask us questions about the selling process and the benefits of selling with Baileux.
Next, we will prove you with a detailed report outlining your property’s estimated value.
At Baileux, we offer free property appraisals.
So, if you are wondering what your property is worth or you are thinking about selling or getting ready to sell, contact us for a property appraisal.
Phone 07 4829 4816.
Benjamin Molineux
Licensee/Director
Baileux Real Estate
