Your estate agent won’t just look at how many bedrooms you have or which street you reside on when determining the value of your home. These are excellent places to begin, but a genuinely accurate appraisal considers a variety of other factors, ranging from the minor details that purchasers will like to the age of your central heating system. These factors, when combined with years of firsthand experience, recently sold house prices, and in-depth market knowledge will enable property professionals UK to provide you with the most accurate appraisal possible. This is how your home will be valued by your estate agent.
First and Foremost
Before they ever ring your doorbell, any competent agent starts valuing your home. Your agent will be a local, but they’ll spend some time learning about your neighborhood and the surrounding area so they can put your house in context.
Your advisor will then proceed to provide information about nearby schools and attractions. All of the useful items that you use on a daily basis can have an impact on the price of your home. Is there a bus stop just up the street? Great, the transportation connections may increase the value of your home! Is the supermarket a 20-minute drive away? Perhaps that will have an impact as well. The general guideline is that everything that appeals to purchasers will increase the value of your home.
Your agent will be ready to look at the property once all of this information has been gathered.
Learning More About You
When an agent comes to your house, they’ll start by asking you about your goals for sale. While this will have no effect on the actual value of your home, it may have an impact on the selling price. While most people desire the best price possible – and this usually is what brokers strive for – if your focus is a rapid sale (say, before a deadline), you may want to market competitively.
Taking A Look
After that, your agent will begin their walkthrough. They’ll take copious notes, take measurements, and search for all the selling factors that make your property unique during the walk-through. Because each property is unique, no two appraisals will ever be the same.
They’ll check for amenities that might appeal to purchasers in addition to room sizes. So your home’s worth could be boosted by anything from an original fireplace to a newly built bathroom suite. They’ll also look for ways to show purchasers that this house is a good fit for them at this point. Working professionals, for example, may want to utilize that spare bedroom as a home office, whilst a developing family may prefer the idea of a separate playroom.
Increasing Your Worth
Your agent may also be able to offer quick, easy modifications that will increase the appeal of your house to potential buyers – all in the name of earning the best price when it goes on the market.
This could be anything from a fresh coat of paint in your kitchen to pressure-washing your driveway to remove years from its age.
A Few Quick Enquiries
You may have seen the large difference between your low and high estimations if you’ve ever received a value quickly online. Two properties that appear to be identical and are only a quarter of a mile apart could be on opposite extremes of the pricing spectrum. The peculiarities that distinguish a home might serve as differentiators. Your agent will have a lot of questions regarding your home because no one knows it better than you. It helps if you know the answers ahead of time, so be prepared for questions like:
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When Was The Last Time You Had Your Windows Replaced?
- Tell me how old your boiler is.
- Is the house a leasehold property? Who owns it, and how long do they have it?
- What distinguishes your home from others?
- Is it a sole proprietorship or a partnership?
- Is there anything wrong with the house, such as structural or maintenance issues?
Valuation
When your agent has obtained all of the information they require, they will combine it with their research to determine the value of your home.
Keep in mind that your viewpoint is important. If you already have a number in mind, tell your agent about it; they’ll be pleased to talk about it and explain the differences.
Your priorities are also crucial; everyone’s selling plan is unique and tailored to their own requirements. However, your agent will always consider your needs, whatever they are, and will work with you until you are happy.
Valuation Report
Now you can sit back and wait for your written valuation report. After the valuation, your agent will be pleased to address any additional questions you may have, so please contact them if you have any. That’s it; you’ve completed the first step in your home moving process.
