Property Valuation

Property Sales Valuation

When you instruct an Estate Agent to do a property Valuation, you will be able to find out the current market value of your property. If you consider selling your property, the first step is to find out how much your property is worth. Balsall Common Estate & Lettings is a local estate agent who is experienced in valuing houses and flats in Coventry, the West Midlands, and surrounding areas. As experienced agents, we only value properties based on local knowledge, online market research, and comparing sold prices of completed properties.

What is a property valuation?

A property valuation is an approximate value of how much your home is worth. (The best price you would likely achieve for your house if you were to sell). This will be based on different factors such as condition, location, and the current state of the local property market. In addition, economic indicators and interest rates will all be factors in determining the current market value.

Different types of Property Valuations

House valuation – One of the significant decisions you need to make when buying or selling a home is determining its current home’s worth. You can hire a local estate agent to analyse comparable homes and sold prices in your area. An Estate Agency will consider current house prices, sold prices, and unique selling points to get an accurate price. Most agents will offer a free valuation in the hope of winning your business, often getting you to sign up for their professional marketing packages. You could call Estate Agents your local property expert. They have the local knowledge to deliver an accurate valuation instead of free online valuation calculators or an agency without the local area knowledge.
Lettings Valuation – A Letting Appraisal of how much rent an investment property might generate. This invaluable document includes valuable information such as market trends and monthly rental rates for similar properties in the area.
Online valuation Tool – An instant valuation is possible for sellers to obtain with an online valuation tool. This is calculated by a computer and not person-based, big difference. It is based on your location, property type, and current market values. They are helpful when selling homes as they can provide you with a rough estimate of how much the home’s worth is. However, keep in mind that these instant valuations are not accurate in comparison to an actual property appraisal by a professional.
Matrimonial valuation is conducted by a surveyor or valuer, who provides their report directly to the court. This valuation determines how couples divide assets that are involved in separation proceedings.
Probate valuation – You will need to get a valuation of any property or assets the deceased owned after death to calculate the inheritance tax. It is recommended that you use a professional surveyor for this.
Mortgage valuation – An appraisal is a quick survey. It takes a look at apparent problems. To get a mortgage, you need to have an assessment. It would help if you also got a building survey from an architect for buying or selling property.
Tax valuation – Understanding what you owe in capital gains tax can be complex, so it is often best to hire a professional. You need to have an official valuation of your property before the sale goes through. This will help protect you from mistakes and save you taxes.

Insurance valuation – A surveyor is sometimes asked to carry out an insurance valuation. The purpose of this is to establish the amount your property would rebuild if damaged beyond repair.

Building reinstatement valuation – Valuing property involves calculating the cost of rebuilding your building in the event it’s destroyed, which takes into account risks due to injuries and fires.

How Do I Get A Property Valuation

You can get property valuation by contacting our office by phone or by filling in a contact form! We offer flexible timings to meet your needs and make it more convenient for you.

Track house price trends by region or nationally

Land Registry collects official data and records almost every house sold across England and Wales. They’re sometimes wildly outdated, but the information is still an excellent source for looking to buy a home in the area. Halifax’s stats include monthly fluctuations as well as quarterly changes from region to country-wide averages so you can have an idea whether that local market will be suitable for your needs or not. National House Price Index provides average prices are broken down by property type, different regions within their respective countries, meaning there should be something on here no matter what kind of housing you want! And if it doesn’t exist, check back with the Land registry because they might update soon – though these reports update faster than the Land Registry, which takes more time due to its reliance.

Six factors that are considered when valuing a property?

1. Location

One thing that will affect the price of your home is how close you are to things like restaurants, schools, shops, and public transportation if you are living in an affluent area with low crime rates and high house prices.

2. Size

A property’s value depends on more than just its square footage. Common areas such as garages, extensions, and loft conversions are all included in estimations. And of course, the more bedrooms and bathrooms you have, the greater the overall value.

3. Age and Condition

The age of the house is one thing that matters for its value. A new home is more expensive than an old one.

4. Unique Selling Points

USPs and home renovations can increase the value of your home. The kitchen and bathroom are some of the areas that will impact the value, along with extensions.

5. Interest Rates

The interest rates for property loans will affect the house price. If the Banks decide to increase interest rates, lenders will increase theirs, and mortgage payments will be higher. On the other hand, if interest rates go down, people can afford their mortgages, and prices for houses are lower.

6. Economic Factors

The economy can affect people who will buy or sell a property. When the economy is going well, there are lots of jobs, and people earn more money. As the buying power of people increases, they are more likely to invest in a new home or second home. So demand will go up, and prices will be too. But if unemployment goes up and wages drop, not many people may afford a home. So the price of homes may go down. It would be best to keep up with what is going on in an area before setting the price for your home.

Is a property valuation free?

Estate Agents will usually offer this service completely free. However, chartered surveyors will charge between £250 and £600 for a house valuation.

Estate Agents

It has been said that a local estate agent will sometimes inflate the estimated value of your house to win your instruction.

Some estate agents will offer a no-obligation house valuation and bump up the value of your home to win your business. This is a stupid strategy and will significantly impact how quickly you will sell your home. It will also negatively impact the estate agent as they will ultimately get themselves a bad reputation.

How do you maximise property valuation?

Turn your house into a home of multiple occupancies
Add an extension
Add a Conservatory
Add a Loft conversion
Convert your garage
New Kitchen & Bathroom

How Much Is My House Worth?

Balsall Common Estate & Lettings Agents will never inflate the estimated value of your property to win your instruction. Our friendly, professional representative will always use their expert local knowledge and compatible sold house prices from the local area. We also take into account any USPs and the overall condition of your property to deliver an accurate valuation.

A few details on why we operate in this way,

As an ethical estate agent, this is the only way we operate
We do this for a few reasons,
It is the right thing to do, and all parties involved will not benefit in any other way.
As a leading estate agency company, we value our reputation, we have worked extremely hard to get it.
We do not want to be calling you up every few weeks to ask you to reduce your asking price.
We do not want to put off a potential buyer. We want to sell your property as fast and for as much money as we possibly can

If you want more details or would like to book your completely free no-obligation market valuation to determine the correct value of your home, then don’t delay; enter your details into our contact form or call us today; we are waiting for your call.