Here’s how to get an accurate estimate of your property’s true value.
New Zealand’s property market remains red hot – and as house prices continue to climb, it can be tricky to determine the value of your home.
But, if you’re planning to sell, it’s important to find out how much your home is really worth before you put your home on the market.
Check similar properties
As a starting point, it’s a good idea to look at comparable properties to find out what buyers are prepared to pay for homes like yours.
While some sellers look at Capital Value (CV) to find their property’s value, these figures are reviewed every three years and do not always provide the most accurate estimate.
If increased market activity has caused homes in your local area to rise in value, you can expect your home to have increased in value, too.
Consider a valuation
Another option is to arrange for a formal valuation to be completed on your home.
Performed by an independent third party, a formal valuation will review a range of factors, including size, location, condition and more.
Keep in mind that valuations tend to be more conservative and may not reflect any recent booms in your local area.
Contact a property professional
For the most reliable estimate, it’s a good idea to speak to a property expert who understands the local market.
An experienced real estate agent can provide you with an up-to-date Current Market Appraisal and a realistic idea of how much your property could sell for.
To find out more of for support to explore your options, a Mike Pero Real Estate Agent can help. Contact your local Mike Pero Real Estate Agent today.