Obtain a market appraisal before selling
When it comes time to sell your property, one of the first things you should look to do is obtain a market appraisal.
A market appraisal will provide you with a good understanding and realistic expectation of what your property is worth.
How is market value determined?
To determine this estimation, your agent will consider the following factors:
- Dimensions of the property
- Construction type
- Condition of the dwelling
- Special features
- Recent sale price of similar houses in your area
- Asking price for similar properties currently on sale
- Redevelopment potential
- Any proposed re-zoning of the property
The appraisal will also include;
- details of the title search
- encumbrances
- zoning information
- copies of the latest rates and tax notices from local government
- general information on the community, such as location of schools, shopping centres, transportation, freeway access and recreational facilities.
SOURCE: www.reiwa.com.au
