Market appraisal guide
How much is my property worth?
The accurate assessment of the value of your property is vital for a successful sale or let. Too high and you may not receive any interest. Too low and you could be missing out on the true value of your property.
Your valuation will help you decide both the asking price and the lower price limit, below which you would not be prepared to sell. It’s a crucial part of the process, and that’s why it is important that you ask an Estate Agent with a solid reputation to carry out a valuation for you. If you are looking to let your property, an accurate valuation will be able to tell your your potential rental value and therefore yield.
Andrews Estate Agents offers free, no-obligation valuations*. This valuation will draw upon over 75 years’ experience selling properties across the South of England, and our local market knowledge. We endorse this further by giving you evidence of similar properties that we've valued in your area. At Andrews, we pride ourselves on delivering accurate valuations which reflect local market conditions, which is why customers return to us time and again.
Providing a valuation of your home will be based on a number of factors, including:
- The location of the property and any unique features or characteristics
- The proximity of amenities, such as good schools, shopping and hospitals
- The affluence and popularity of its location Employment opportunities in the area
- The size, age and architectural style of the property
- Current demand for your type of property Current state of the housing market
- Condition of property and facilities it offers
- What similar properties have recently sold/let for
A property’s value can go up and down depending on what particular location and type of property is popular at any given time. Supply and demand of course plays a big hand in this – if you own a property in a particularly sought after location, you will be more likely to receive a lot of interest. Similarly, the amount of buyers, sellers or tenants on the market at a given time will play a part in how much you can realistically ask for your property. Whilst free property information websites are available online, looking at these will only provide you with data that is three months or more out of date.
It is important to remember that the valuation is the first step of the process, setting the price that the property will go on to the market. However, your home will only sell or let for what someone is willing to pay for it, and for what you are willing to sell or et it for. It may sound like common sense, but it’s important to remember that.
Once your property goes on to the market, Andrews is able to raise awareness of your property further through extensive marketing, through our branch network, our website, property portals, and through social networking sites such as Facebook – all of which will ensure that your property gets seen by the widest possible audience.
* Free market appraisal does not apply to valuations conducted for insurance or mortgage purposes.