Property valuation is critical as it determines largely how much you can sell your property for on the property market. Therefore, it is advisable to always ensure that you have looked into a number of factors before getting a pre-sale property evaluation. This way, you can be sure to get an estimate that is realistic. Although a majority of estate agents offer free valuation, it is important to go for a professional estimate of the worth your property. Here are some of the things that you can do to get the most of your property valuation:
- Shop around – It is recommended that you go for an estate agent that is realistic in their valuation of your property. This is because most of the agents tend to quote higher prices for your property in order to get you to commit to letting them sell your property quickly. Therefore, get several estate agents to give you their valuation that they can justify before settling for one that you trust and is active within the local property market. They should also provide value for money and have a good record of accomplishment in selling property within a short time and at a great price. This way you can be sure to get a good return from your property sale.
- Research – Carrying out an independent research of property that is similar to yours is a great move. You need to do this before engaging the estate agents. You can consider looking up for prices of the properties that have been recently sold within the area where your property is located to have a rough idea of how much you can sell yours for.
- Declutter and Clean Up – A good spring clean can make a huge difference to the appearance of your property. Getting rid of clutter and tidying lets the valuer to see the property from a different perspective in addition to giving a good impression of the value of the property.
- Spruce up the exterior – Most people tend to pay attention to the interior so much while forgetting the exterior. It is advisable to also consider the exterior as it is the place that prospective buyers will set their eyes first before being ushered to the interior. Therefore, ensure that the area surrounding your property is tidy and clean before valuation.
- Prepare to ask questions – You will do well to come up with questions for the valuer before they visit your property. In the case where you have made some improvements and alterations on the property, be sure to inform the valuer. Remember, valuers tend to look at the historical price that you purchased the property for thus, knowing about the improvements on the property will help in arriving at the exact value.
- Get to understand the terms – Estate agents usually charge for the services. Therefore, be sure to find out what they will do to market your property as well as the impact of the marketing package on getting exposure for your property to prospective buyers. Where possible, get a written breakdown of the costs of selling to enable you compare between different agents before settling for the one with the best package.
- Know how to showcase your property – It is vital to ensure that the valuer gets a good and complete look of your property. This is not to say that you ‘sell’ the property to the valuer, rather, ensure that they have taken note of all the vital areas while remaining objective in their view. You may want to ask them questions at the end of the evaluation.
- Set aside enough time – Just as selling your property is a serious engagement, you will do well to set aside time for your valuation meetings. Remember every agent is different hence the need to ensure that they have covered every aspect of your property.
- Be realistic – Although it is obvious that everyone wants the highest valuation for their property, and even if you have the most premium carpets, or brand new, expensive kitchen worktops valuers are charged with the duty of giving you an accurate estimate of what they perceive your property to be worth on the property market under the prevailing market conditions. Therefore, should you disagree with the valuation, ensure you get an explanation that justifies the estimated price.
Ultimately, getting your property ready for a sale is crucial as it will not only determine the estimated price but also dictate the price that you can sell the property for on the property market. Therefore, be sure to do a good job before putting your property up for sale.