Laurence Leigh Residential offer complimentary market appraisals for all clients looking to buy, sell or rent London property.
The process of selling your home can be a long one with a great number of things that need to be done. It can be stressing; it will test you but they need to be done to ensure that your property gets sold.
One of the first steps you can take in your property selling journey is to get a market appraisal done.
Market appraisals are a way for you, as the seller of a property, to dip your toes in the market waters and can help set expectations for what price a property can achieve when sold.
There are multiple factors that are considered when a market appraisal is conducted. Some key aspects are:
- Condition and structure
- Any building or structural faults
- Property features
- Nearby amenities
Most market appraisals will not be for immediate listing though. They will be a prediction of what the property may sell for.
As the owner, you will need time to make any prospective changes or improvements to the property to ensure that you can get the best possible price at sale.
It is because of this that an appraisal may not reflect the current market but rather what the sales consultant believes can be achieved on the market in the future when the property is being sold.
Market appraisals can also be used for people who aren’t selling now but may need them for tax or refinancing purposes.