3 Reasons Why An Accurate Valuation Is Important
Before you sell your home it’s highly important to get an accurate valuation. An instant Valuation will only be a rough guide. Getting your homes true worth allows you to know the amount to expect from it and the asking price you need to come up with. An accurate valuation of your home before you sell has major benefits . Find out why here.
Selling a home without an accurate valuation is like shooting into the dark and expecting to hit the target. An instant valuation is great to give you a rough idea but there are so many variables that come into play. An accurate home valuation allows you to gain this critical insight.
You’ll know what to expect
You’ll know the net proceeds from the sale once you’ve deducted the selling cost and loan balance from the selling price. If you already have the selling cost of similar properties around the locality and loan balance, all you need is clarity on the selling price. An accurate valuation allows you to gain this critical insight.
Helps you plan for a successful refinancing
While loans differ, lenders usually offer their customers a chance to use their properties to borrow to a certain threshold, which usually stands between 75 per cent and 96.5 per cent. Other credit demands would have to be met, including the accurate valuation of the home for better equity on the home. An accurate home value also gives you a proper picture of the mortgage you could get, even if you intend to refinance for easier rates, get cash to meet rising demands or access lower payment.
Insight on when to improve your home
You maybe thinking of making a few home improvements to raise the value of your property. An accurate home selling valuation will let you know whether it’s worth it. For instance, if your home is valued at £185,000 and the house prices around the area stand at about £200,000, investing around £10,000-£15,000 in new enhancements and upgrades won’t raise the valuation much above £200,000 and might not be necessary but a waste of funds that you could invest in a new home that suits your needs.
Even if you’ve got no plans to access any of these services or do any of the above mentioned things at this time. It’s highly important to remain in the know of the value of the property you own. Circumstances change all the time and you may find yourself in need of this information at a future date.
A social distancing valuation allows us to give you an accurate home valuation without the need for us to visit your home. Allowing you to have accurate figures along with the correct advice for any decisions you are looking to make moving forward.
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