Re: How do I accurately estimate the value a property without a professional valuer?
Posted: Thu Jun 27, 2019 7:46 pm
Hello Bradley. Welcome to the forums.
Often, when you’re looking to buy a house, you'll find a number of properties you may be interested in but hiring a professional valuer for all of them may not be cost effective. So, we’ve created a handy guide to help you estimate the value of a property without a valuer.
To surmise:
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a home loan.
Cheers,
Often, when you’re looking to buy a house, you'll find a number of properties you may be interested in but hiring a professional valuer for all of them may not be cost effective. So, we’ve created a handy guide to help you estimate the value of a property without a valuer.
To surmise:
- Find local sales in the area. Only consider similar properties sold in the last 6 months within a km of the property you’re considering.
- Compare: Ensure the properties you’re comparing are most similar to your property. Consider the property’s location, size, rooms and quality.
- Superior or inferior: Wittle the list to 3-5 properties and decide which properties are superior or inferior. This will give you a range of the value of the property.
- Adjust for market movements: Depending on market conditions make small adjustments to your estimate. Visiting lots of open home and auctions can give a good feel for what the market is like in your area.
Give us a call on 1300 889 743 or fill in our free assessment form to find out if you qualify for a home loan.
Cheers,