Understanding Property Valuation

By
Real Estate Agent with The Harris Group 2011031032

 

Assessing the value of real estate property is important to a range of undertakings, such as listing homes for sale, property insurance, evaluating an investment, and more. For most people, figuring the asking price of a home is the most useful application of property valuation. Benefiting the seller and buyer, a property valuation can help in determining the current value of a property in an open and competitive real estate market.

What is a property valuation?

A property valuation is a professional opinion of the current market value of a given property. A broker or agent will take into account many factors including the number of bedrooms and bathrooms, square footage, floor plan, amenities, lot size, location, condition and nearby sales.

When do I need to get a property valuation?

The most common time you will hear people discussing house valuations is when selling a house, or before making an offer.

 

To know what your home is worth click here

Comments (2)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good Information forhome owners. Thank you for sharing.

Jan 23, 2017 03:35 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Infromation that the general public has no idea of how this works

Jan 23, 2017 06:19 PM