847 days ago

What to expect from a property appraisal

Matt from

A property appraisal will usually be carried out on your home by a qualified real estate sales agent where you would like to gain an estimate of the potential value in the current market conditions or in the case where you have decided to sell the property.

Choosing to get a market appraisal on your home may not always coincide with wanting to sell your home. Some homeowners will choose to gain an appraisal where they are looking to refinance, they may have made improvements around the property and are gaining an updated price comparison, or they might also be choosing to purchase an investment property.

Gaining a market appraisal might also be due to market fluctuations where an owner would like to see where their home sits in relation to the current local market. 

To obtain a property appraisal, contact a local real estate sales agent. You may also be referred to an agent or you might like to choose a few agents to look through your home who will give you a range of estimates on the property and provide you with more options on who you might like to sell your home. 

A sales agent will walk through your home and assess the condition, size and inclusions of the home. They will note key factors like the number of bedrooms, bathrooms, and parking spaces as well as additional features that may be included and any improvements that have been completed which have the potential to add to the value of your home.
 
Once they have completed their inspection and discussed options for your home with you, they will do research and look at current and recent sales of similar properties in your location and the price for which they sold. A sales agent will also consider the location of your home and its proximity to local amenities, shopping and lifestyle facilities and school precincts and factor this into their appraisal price.

When the agent has gathered the information on your property and other comparable property sales in your area, they will put together a report including an opinion of what they believe your home could be valued at, usually known as a price guide and this would be a guide that would go to market, should you choose to sell or use it for the purposes of refinancing or your own knowledge.

Image
More messages from your neighbours
44 minutes ago

Poll: Is dumping an issue in your neighbourhood?

Ashleigh Ogden from Neighbourly.co.nz

There's nothing worse than strolling around the streets in your neighbourhood and seeing dumped rubbish.

Have you noticed this in your area? What could we do to combat this around the country?

Image
Is dumping an issue in your neighbourhood?
  • 0% Yes, I've seen some illegal dumping
    0% Complete
  • 0% No, our neighbourhood is pretty good
    0% Complete
  • 0% Other - I'll share below
    0% Complete
0 votes
N
2 hours ago

Papamoa Indoor Bowls

Neal from Papamoa Beach

New members are welcome at our friendly daytime indoor bowls club.
First game free and coaching available. Prizes and a club raffle to be won. Friday 11.45am to 3pm Papamoa Sports Centre, Gordon Spratt Park, off Parton Road. Call Neal 027 544 5460 or visit our webpage Papamoa Senior Indoor Bowls. See you there.

3 hours ago

Changing the conversation around dementia

Bob Owens Retirement Village

Reducing stigma starts with the words we use, and shifting the way we talk about dementia is a powerful step forward. This World Alzheimer’s Month, Ryman is highlighting the importance of reducing the discrimination caused by stigma surrounding people living with dementia.

Caroline Bartle, Ryman’s Dementia Care and Innovations Lead, says that using appropriate language when referring to people with Alzheimer’s and other types of dementia can foster a more inclusive society. This not only benefits those experiencing cognitive decline but also their families and the wider community.

Click read more for the full article.

Image