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★How Much is My House Really Worth?
Posted on: 31st December 2020 | Filled under: How to Sell a House
Written by: Mark King
Selling a house or a home is a big step for anyone to make.
If you’re considering putting your property on the local market here in South Wales, the first thing you’ll want to understand is exactly how much your home is worth.
Maybe you purchased your property a long time ago, and you’re not sure how much it would sell for. Or perhaps you inherited a house, and you want to make sure you put it up on property listings for a fair price.
Whatever your reason, understanding the value of the property is an essential part of the sales process.
The better you price your property for the area, the more likely it is to sell quickly, after all.
If you’re wondering, ‘How much is my house worth?’, we’ve got all the details to help you understand a little more about the valuation process, which options are the most trustworthy, and how to know the exact value of your property before you sell. If you are looking for a quick and easy house sale, then simply fill in my only property valuation form at the end of this blog post. I will buy any house in any condition, and I will make you a cash offer for your house today.
Read on to find out some of the methods you can use:
Research sold house prices in your area
If you’re thinking of selling your property and you want to start to gather information, the internet is the best place to turn. Maybe you’re only starting to consider selling, or just scouting what house sales look like in your area.
Looking at how much comparable properties have sold for provides a ballpark figure of how much you could be selling for.
However, sold house prices aren’t an exact science. You often won’t get everything from an online listing. That means you can’t effectively gauge how much your home is worth against a home that’s already sold.
Look at live properties on online platforms
We’re all guilty of surfing property sites now and then, so why not use that time for good?
Live properties on platforms like Zoopla and Rightmove can offer an idea of what prices in your area are like. Please note, though, that live properties don’t necessarily reflect reality.
While platforms like these can offer instant valuations that some sellers take at face value, that doesn’t mean they work in the real world.
Properties listed on these platforms may solely base their value on these less accurate valuations, and as such should be taken with a pinch of salt. That’s not to say they aren’t useful – but they shouldn’t be the be-all and end-all for your housing valuation.
Use an online property valuation tool
An online house valuation tool is a step up from doing all the work yourself.
Depending on your choice of platform, these online tools can provide a window into what your house could be worth.
Making use of land registry data and registers of Scotland with regulation by the financial conduct authority, these calculators are an excellent way to get a more accurate figure for your home.
While algorithms can be valid and useful in some cases, in others these platforms can be off base by tens of thousands of pounds.
As with any large sale, it’s always worth getting multiple opinions on the value of your home.
Online property valuation tools give you a foundation. But an in-person evaluation can build on that to provide you with a far more accurate result.
Get a valuation from a local property cash buyer
Putting your home into qualified hands is always the best call when it comes to making those big financial decisions.
An authorised and regulated property cash buyer will be able to give you an accurate cash valuation of your property in your specific market.
An experienced and well-trained local property cash buyer can carefully evaluate your home based on their knowledge of what people are paying for houses near you. That’s a level of nuance that an online property tool can’t compete with.
Is an in-person valuation a requirement to know how much my house is worth?
In most cases, a real-world valuation will be far more accurate than anything a computer can calculate.
Getting an in-person valuation on your property means someone coming into your home and factoring in every single detail.
Working with a local South Wales property expert who understands the ins and outs of the local market is incredibly valuable. Add on the fact they can value your home with complete accuracy based on real-world information instead of data you’re inputting, and the results speak for themselves.
How should I start with figuring out the value of my home?
That all depends on what you’re looking to achieve.
If you’d like to sell your property quickly, then we’d recommend you speak directly to us here at Mark King Properties. We have been buying properties in South Wales for over 20 years. We will make a cash offer for any house in South Wales.
If you are looking for a fast house sale then please do contact Mark King Properties today. We offer a free in-person valuation and will make you a no-obligation cash offer for any South Wales house.
For a good estimate of how much your home would sell for, going with the local professionals is always the best move. Don’t discount what you can find online, but working with a qualified specialist can make a world of difference to your sales process at the end of the day.
