Getting your house valued in Perth involves the use of property valuation services, typically provided by professional house valuers. Their valuation process determines the true value of your property based on various factors. Here is a step-by-step guide on how to get your house valued in Perth to learn its true market value:
1. Find a Licensed Valuer
Before anything, finding a licensed house valuer with experience in residential property valuations is crucial. You can search online, ask for recommendations, or contact local real estate agencies for referrals to independent valuation companies.
2. Request a Valuation
Contact the chosen valuer and request a house valuation. Be prepared to provide information about your property, such as its location, size, number of bedrooms and bathrooms, and any unique features.
3. Schedule an Inspection
The valuer will schedule a physical inspection of your home. During the inspection, they will assess the condition of the property, its features, and any recent renovations or improvements.
4. Market Analysis
The valuer will conduct a market analysis to determine the current market conditions in your area. They will look at recent sales of similar properties in your neighbourhood to assess the market value.
5. Comparable Sales
The valuer will identify comparable sales of properties that are similar in terms of size, location, features, and condition. These comps will be used as a basis for determining your property’s value.
6. Property Features
The valuer will consider the specific features of your property that can affect its value, such as the size of the land, the quality of construction, the age of the building, and unique selling points.
7. Adjustments
Based on the information gathered from the comparable sales and property features, the valuer will make adjustments to the values of the comps to reflect the differences between those properties and yours. This helps in arriving at a more accurate estimate.
8. Final Valuation report
The valuer will provide you with a final valuation report, which includes the estimated value of your property. This report will also contain details about the methodology used, market conditions, and specific factors that influenced the valuation.
9. Considerations
Keep in mind that property valuations can vary depending on the valuer you choose. It’s a good practice to obtain valuations from multiple professionals to compare and get a more accurate picture of your house value.
10. Use of a Valuation
Property valuations are often used for various purposes, such as selling your property, refinancing a mortgage, tax assessment, or insurance purposes. The valuation report will be helpful in these situations.
Remember that property values can change over time due to market fluctuations, so it’s a good idea to get your property valued periodically, especially if you’re considering a significant financial transaction involving your property.
If you are looking for a valuation for your commercial property our valuers are specialised in their specialised field of valuations tailoring to clients' specific requirements to ensure you receive a comprehensive valuation report.