Free Market Appraisals
What is a Market Appraisal
A market appraisal considers recent sales of similar properties in your suburb or the surrounding area, as well as any trends that may be affecting the local housing market. Through evaluation of a property's value in the current real estate climate this will help determine an achievable selling price.
How does it work? A licensed real estate agent will conduct an inspection of the property and using the information regarding the market and area, they’ll give a price guide for your home.
Each of these factors will impact your property’s value:
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Size of the home
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Features and condition
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Location
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Sold price of similar properties in the area
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Trends in the overall market.
It must be noted that Real estate is driven by supply and demand – if there’s an oversupply of properties and smaller demand from purchasers then the prices may soften, and vice versa
Appraisals aren’t 100% guaranteed or legally binding and should be used as a guide only.
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