Today we are talking about something every homeowner or homebuyer has probably wondered – how you value a property. Buyer’s agents Pete Wargent and Amy Lunardi are experts in this area and help their clients value properties every day. They are going to break down some of the things you can do yourself to understand the market, and where your property may fit within it.
On this episode of the Australian Property Podcast:
These are the considerations that you should have in your mind when valuing a property
1. Find out how much similar properties have sold for. …where to find the data, how to rank properties by value
2. Understand the current property market.
3. Look at housing market predictions.
4. Use online tools.
5. Check the previous sale price of your property.
6. Take your local area into account.