Appraisal

WHY YOU SHOULD

Get Your Property Appraised

A property appraisal is an experienced agent’s professional opinion of the price a property may achieve in the current market. It is an estimate based on factors such as recent comparable sales, current market conditions and the property’s individual characteristics. An appraisal is not a formal or sworn valuation.

A property appraisal can be useful for a range of purposes, including:

• Considering a sale: Gain an informed understanding of what your property may be worth in the current market before deciding whether to sell.
• Planning for finance or insurance: An appraisal can provide an indication of your property’s current market value. While most lenders require a formal valuation for finance approval, an appraisal can help you assess your position and explore your options.
• Property settlements: In separation or divorce matters, independent appraisals may be required to establish an indication of the property’s current market value. It is common for two or three separate agents to provide independent appraisals.
• Monitoring your investment: Regular appraisals can help you track your property’s growth and equity over time, providing valuable insight when reviewing your investment strategy or considering your next move.