Property valuation is much more an art than a science … But there are certainly ways you can help to ensure that the scientific analysis is carried out as accurately as possible! There are quite a few variables that can cloud the waters when the real estate valuer makes a conclusion about a house and land’s market value … Today we are trying out some good laboratory valuation practices for Melbourne property and Geelong property valuations!Have a look at Sydney Property Valuers – Property Valuers for more info on this.
Still get valuation ‘absolute’
You may get a kerbside valuation or a desktop valuation; kerbside valuations only require drive-by inspection, while desktop valuations do not require personal inspection. Clearly these are cheaper, but considering that no prospective buyers would definitely not test the house in this way, the statistics are not really useful.
Fill in the changes
Property valuers are obliged by duty by statute to include an objective valuation of the value of your land. Alternative value estimates may be given based on prospective developments-however the property valuation company would require specifics of the entire building and materials. Even then, you should note that the Melbourne property valuation can’t be completely correct if it takes 2 months to complete the changes.
Provide your ideal selling / accepted times
Real estate markets change every day, just as financial markets (albeit on a smaller scale!) do. The time it takes to sell your house will have a huge effect on the price-if you don’t want to wait the 6 months it may take to sell a house in other country areas, the value of your Melbourne or Geelong property will naturally be lower to reflect the longer accepted selling period. And the reverse is real, too.