In the process of selling your property, you need complete confidence in your showings. Getting a property valuation gives you a clear idea of where you stand. This way, you can prevent lowball offers and get your real estate the attention it deserves.
While real estate agents understand the underlying factors governing your property’s value, they’re still competitors for your listing. That’s why you need to make sure you’re getting a fair and independent valuation from a licensed professional. Thankfully, we’ve compiled some excellent tips to highlight the benefits and strategies of conducting third-party objective valuations on your property to nudge you in the right direction.
1. Getting a Reality Check
Many sellers tend to overestimate the value of their property. This is understandable, considering the sentimental value attached to the real estate.
That said, getting a neutral opinion can bring you closer to the facts and pave the way for sounder presale financial planning. Here are some tips to help you get the best possible valuation for your property before putting it on the market:
- Valuers perform an on-site inspection of your property. During the visit, make sure they take clear photographs of the buildings, rooms, the dwelling’s age, layout, and any other characteristics that may decide the final value.
- Choose a valuer who’s active in the local market, someone who has a reputation for selling properties fast. Some agents overvalue the property to sidetrack you for personal gains. Do your due diligence and make sure you find a valuer you can trust.
2. Understanding True Size
One of the most significant advantages of getting a presale valuation is understanding the square footage of your estate. Unfortunately, many owners underestimate the area their properties cover and undersell.
Licensed valuers have special tools and technologies to measure the housing, making them best-placed to provide an accurate figure for price per square foot. In addition, their property valuation report includes the size of the yard and interiors, the property’s dimensions, and many other details that contribute to the final spread. All these details help you get a bigger picture of your property’s coverage and sell in the know.
To facilitate the valuer’s visit, perform a good old-fashioned cleaning to improve the property’s appearance. De-cluttering and tidying up helps the valuer better understand the extent of your property and what it’s worth.
Don’t forget to make your exteriors “valuation friendly” as well. The exterior is just as crucial for making a sale. An appealing introduction to your front door invites more showings and sets the stage for successful valuations.
3. Making the Right Upgrades and Improvements
Breaking the bank to renovate your property before selling your house can cost you, especially if you‘re on a tight budget. Minor changes and waiting for the market sentiment to get better is sometimes all it takes.
However, if you want something extra, a property valuation can show you the way. For example, a presale valuation can single out the areas of your house that require repairs and that may yield the most significant return on investment.
Not all improvements affect the resale value the same. For example, if your property is in a market that prioritizes more bedroom space than kitchen flooring, it’s better to hedge your investment in the former. A valuator is the best person to analyze these factors and help sidestep any costly investments before a critical sale.
4. Sense of Satisfaction
When you have a large chunk of your estate at stake, you need to feel calm and confident in your choices. Knowing your property’s actual worth will keep your nerves at ease during private sales negotiations, actions, and other sales methods, streamlining the sales process.
It’s similar to how a buyer will schedule a home inspection before purchase to make sure the property doesn’t have any significant structural flaws or inefficiencies. A valuationis an investment worth making to ensure you’re in charge of the selling phase every step of the way.
5. Professional Pre-Sale Support
Valuers have to adhere to very high professional standards since misleading or inaccurate valuations can lead to mortgage fraud and other legal and ethical complications. This is why they have university degrees and memberships with certified real estate and banking organizations, among other credentials. On the other hand, real estate agents have a conflict of interest and lack the skillset or the expertise to assess the definite value of your property.
To have a professional and experienced property valuer working in your best interests at the time of sale can make a world of difference, especially as a first-time seller. It can help you dodge shady deals and make better real estate calls.
Final Thoughts
Be prepared before a valuer visits your property. If you’ve recently made any alterations, keep the valuer in the loop. Successful valuations depend on transparency and trust. Building a solid relationship with a valuer can play a significant role in fast-tracking the selling process.
Article Submitted By Community Writer
