Property Valuation – The First Step To Take Before Selling Your Home

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When you are faced with the prospect of selling your home yourself, then be prepared for a world that works on a different set of rules. If you do not have prior experience of the real estate world, then you will see a world where everything is impatient and slow at the same time. The people look and talk like they know better than you and you will get advice falling all over you from everywhere. However, the best thing someone can tell you to do, before welcoming the chaos, is getting a valuation of your property done. Many certified professionals can do this job for you efficiently. Some charge money and some do not charge as much or at all, but the latter are the ones that usually come with a whole package and offer this first step for free.

Property valuation would help you know exactly what your property is worth of. There would be no higher than normal expectations from your side. Also, you would be able to save yourself from exploitation of the buyers, who assert that the property is not worth much. Even real estate agents, in some instances, are no better. They will tell you the property is worth a lot less just so that they can sell it to an interested buyer. In an attempt to keep both parties happy, they decide to exploit you. If you know better, then no one can dupe you. If you do not, then it is time to educate yourself. Keep tabs on the latest market trends and the property valuations done around your locality. You cannot rely on the newspaper ads that quote a certain amount for a ‘house for sale’. The price that is eventually offered to them could be much less.

So, you need to talk to many real estate agents, appraisers and property surveyors. Get your property surveyed professionally, so, you can sell your house more confidently. You should keep an eye on the houses being bought and sold in the nearby area. There are certain factors that would be responsible for decreasing or increasing the value of your home. Additions, like a garden, garage, a driveway, etc, add to the asking price of the house. The location is always a prime factor. An ideal house has transport facilities, commercial arenas, schools, places of leisure, etc, in its proximity. A house located in the midst of all facilities and amenities that are needed for the basic lifestyle of people of all ages, is of the utmost importance. After all, who does not want to be in the vicinity of or right in the middle of convenience?

Then the age of the property too is a defining factor that could affect the house value. So, if you have an old house, then you should check for repairs and maintenance work and get it done beforehand to make the house worthy of a good sale. After the appraiser has given you an accurate valuation of your house, it would become easier for you to take the next step of selling it.

Source by Shruti S Sharda

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