Free House Valuation – everything you need to know
Why is it so important?
Getting an accurate valuation is an essential first step in your property sale, helping you market your property at the right price.
Your initial asking price is an important decision as it will impact the level of buyer interest you can expect to receive, as well as the eventual offer amounts. List your property for too much and you might put yourself out of some buyers’ price bands, resulting in your property taking longer to sell. Underprice your property, and you could end up getting less for it than it’s worth.
It is advised to get a professional valuation and compare that to your own research, and set an asking price in that range.
What does a valuation take into account?
Arguably the most reliable indicator of house value is the sold prices of similar, recently sold properties in the nearby area. In most cases, you should be able to identify a handful of properties that have sold on your street or neighbouring streets over the past couple of years. Leading property portal Rightmove lets you view the old listings of these properties, which will allow you to benchmark your property against.
It’s also worthwhile looking at what’s currently for sale in your area, and how much those properties are listed for. Take a look at the pictures and floorplans, compare it to your property and adjust accordingly.
In addition to the above, the real skill of valuing a house is weighing up the unique characteristics of your property – whether that’s the stunning coloured brickwork of your Victorian property or your new home office/gym extension out back.
Conveniently, when you get a property valuation with Emoov – your Emoov Estate Agent will send you a detailed valuation report outlining all of the above along with local property trends in your area.
Screenshot example of an Emoov valuation report showing similar properties for sale in the local area
How does the valuation process work?
Booking in a valuation is simple. Enter your postcode and select your property from the list. All that’s left to do is choose a date and time convenient to you and leave your contact details so we can get in touch. Your Emoov Estate Agent will then give you a call to confirm the appointment.
The valuer will stop by to value your property and answer any questions you might have. After their visit, they’ll put together a bespoke presentation for you detailing your local housing market (including recently sold properties and similar properties for sale).
With this, you should be well equipped to decide on a asking price and get your property listed on the major property portals.
If you’re wondering, “how much is my house worth?” but aren’t quite ready to sell just yet, an instant online valuation is a great way to get a ballpark estimate. Our partner Tepilo offer free, instant property valuations – click here to get an instant valuation