The time has come to sell, but you are wondering how much you are realistically likely to get for your property.
So where do you go next?
Reaching out to a reliable and experienced local real estate agent will give you an opportunity to receive a current market appraisal.
This is how the process works:
Comprehensive assessment
An agent will base their judgment on the size of the property, including the number of bedrooms and bathrooms. Your property’s overall condition, its fixtures and fittings are also part of the equation.
Location, location
So much of a property’s value is dependent on its location. An agent will assess potential value based on its proximity to amenities, transport, schools, shops and other desirable locations, such as a beach or restaurants.
Local sales records
An agent will calibrate their assessment of your property with an analysis of recent sales data. Usually, this is based on the previous 90 days.
Potential upgrades
An agent may also suggest improvements they believe could add value to your home. This advice may help you maximise the sale price of your property.
The verdict
An agent will provide you with not only an assessment of value but also a price guide to take into account the price fluctuations your area might be experiencing in the current market.
Professional valuer
You can hire a valuer to undertake a similar task. Their methodology is similar to that of an agent. Their assessment tends to be more conservative, whereas an agent will indicate the sale price they believe they can achieve for you.