Real estate prices across the country have skyrocketed in recent months as buyer demand continues to soar. But there are key aspects that a real estate agent will take into consideration when appraising your home. While technology has helped appraise properties, hiring a local real estate agent is by far the best way to get an accurate appraisal, according to Rightmove.
Rightmove said an online appraisal would be able to look at data such as selling prices in the area, but wouldn’t be able to take into account the unique aspects of a property.
Rob Sabin, director of Miles & Barr, said there is a “key issue” that real estate agents need to consider.
He said: “When doing an appraisal, a key question we need to ask you is, do you want a quick sale or do you want the highest possible price for your home?”
Someone who hopes to sell their property quickly will need a different plan than a seller who wants to sell within six months.
Sellers looking to close a property deal before the stamp duty holiday threshold is reduced to Â£ 250,000 at the end of June will want a quick sale of their own home.
Meanwhile, a first-time buyer living in rented accommodation may not be in such a hurry.
Mr Sabin said an in-person appraisal allows a real estate agent to see the condition of the property and get a feel for the space and size of the rooms.
He added: “This allows us to form a picture of the area surrounding the property so that we can tell an insightful story on the property listing and on tours.”
Sellers should expect to be asked what made them want to buy the property in the first place and why they like it.
These key aspects will help determine the best qualities and selling points of a home.
An experienced local real estate agent with in-depth knowledge of the market will also be able to recommend modifications you can make to increase the value of your property.
An extension or additional bathroom could significantly increase the asking price at which you can sell your property.
But investing in your home before you sell can vary from property to property, so it’s best to seek professional advice before embarking on this venture.