An appraisal is an agent's opinion of what your property would sell or lease for in the current market. A good one shows its working. Here is how we approach it, and what to look for from any agent.
Evidence first.
We start with comparable properties: recent sales or leases that are close by and similar in size, age and finish. We show you the list, and explain why each one is higher or lower than your property.
A range, not a single number.
Markets move, and no two properties are identical. A range shows where the evidence sits, and a recommended price guide or weekly rent shows where we would start the campaign.
The property itself.
We look at condition, layout, outlook, parking and anything that sets your property apart. A third bathroom, a north-facing yard or a new kitchen can all move the number, and so can maintenance that needs doing.
Questions worth asking.
Which comparables did you use? How long did they take? What would you change before we list? How are your marketing costs charged? A clear answer to each is a good sign.
When you are ready, book an appraisal. It is free, and there is no obligation to list.
By Tim Whall, Director and Principal Licensee