Appraisal
Property Appraisal
How much is your property worth?
What is a Property Appraisal Report?
Thinking about buying or selling a property? Then a property report is a helpful tool to help you make an informed decision.
Property reports contain a wealth of information about the property you’re thinking of buying or selling; they’re an easy way to get lots of market data and property information all in one place. You’ll get things like: an estimated value for the property, its layout and size, its sales history, recent comparable sales, and other information important about the suburb.
3 Steps for Appraisal
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1. Our algorithm does all the work
We analyse every property sale in Australia and crunch the data on transactions in your suburb, including who’s sold what, when, how quickly and for how much.
2. One Upfront Fee – $220
Don’t be fooled by “free” appraisal services. They get large commissions by passing on your data to real estate agents.
Our first priority is giving you the correct, current market appraisal for the property you are looking to buy or sell.
3. Account Details
You will need your bank details so we can link your account and deposit your Business Funding quickly.
Buying and Selling a home is a big deal.
And that is why this was the first problem we set out to solve. Let’s face it, the home selling process can be stressful. On top of being busy, you might have pressure to sell quickly, be going through a difficult time, or even have property in another state. Every story is different, but we know that no matter what your home-selling journey looks like, we can help.
Choosing an agent can sometimes feel like a lottery. We remove the guesswork by putting the powerful tools of knowledge, insight and choice in a vendor’s hands. And if doesn’t stop there if a vendor needs further advice on agents or how to negotiate commissions, they have an export voice in their corner.
Find an agent you trust, get the support you need.
What’s the process of getting a true, current market value property appraisal?
There are three ways an independent house appraiser approaches a house appraisal. They may complete a full inspection, or simply inspect the property from the kerb. Remote appraisals are also an option, which requires no inspection. Their approach determines the cost of the report and its accuracy.
Contributing to the precision of a residential appraisal report are the many considerations that were accounted for which include:
- Where the property is located (city/suburb, street location, site orientation)
- The distance from local amenities (shops, schools, public transport)
- When the home was built and its present condition
- Council and zoning restrictions
- Strata obligations and entitlement
Once all relevant data has been accumulated, the appraiser then uses the sales data of comparable residential properties to calculate the current market value. This is known as the direct sales comparison approach and is generally considered the most common and versatile method of valuing residential property in Australia.
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