When assessing your property’s current market value there are many factors that need to be considered.
Detailed Analysis of Recent Sales in Your Area
….with special attention given to those sold within the last 3 months.
Factor in Market Trends and Direction.
Although the media is awash with talk of median house prices for cities and suburbs, these are a reflection on a broad range of houses, often based on sales from two months or more previously and can be skewed by one or two large or small sales during times of little market activity. This is where talking to an experienced professional who is working in the market every day can help give you the edge.
Considering the recent sales or properties currently on the market in your area, how do they compare to yours in terms of:
- Floor area
- Access to transport
- School Zones
- Market Perception
A good real estate sales consultant may also have some knowledge of withdrawn or unsold properties and why they haven’t sold.
Since you can’t assess what you can’t see the first step in getting all the information above is to get a professional real estate consultant in to look through your home.
Book a free, no-obligation appraisal now and take advantage of our local expertise.