- 2 min read
There are a few E-Valuation sites where homeowners can enter in their address and see a value range for their home. These platforms offer quick and easy estimated property value with just a few clicks, and is derived through a site specific formula that takes into account sales in the area and the council valuation.
While they serve as valuable initial assessment tools, they often lack the accuracy required for determining true market values. There are many ways to value a property and some of these include.
The Initial Cost Building the Property Understanding the original cost of constructing the property helps gauge its worth in today’s market context, but won’t be the value its sold at today.
Rebuild Cost Considering the cost of rebuilding the property using current codes, materials, and sqm costs is essential for insurance purposes.
Specific Worth to an Individual The perceived value of a property can vary significantly from one individual to another. Personal preferences, needs, and circumstances influence how a potential buyer evaluates a property.
General Market Feedback After an open home, gathering feedback on the property’s worth from potential buyers offers valuable insights into its market perception. This feedback aids in setting realistic expectations when considering offers or future pricing strategies if applicable.
Council Rateable Value The council-assigned rateable value determines property taxes. While useful, it may not capture the full market sentiment or accurately reflect the current market conditions.
Registered Valuation A registered valuer’s professional assessment is preferred by lenders, yet it might not encompass the full range of market sentiments affecting property values.
Computer E-Valuation Computer-generated e-valuation tools analyse property data but lack human judgment to consider unique features, neighbourhood dynamics, and current market trends. As a result, they may not provide a complete and accurate picture of a property’s value.
Relying solely on e-valuation ranges can lead to significant pitfalls but giving an unrealistic assessment of the homes value when making decisions about buying another home,
or attracting the wrong type of buyer or deterring genuine interest.
Experienced real estate agents play a critical role in the property valuation process. Our expertise, local market knowledge, and personalised service ensure a comprehensive assessment of a property’s worth. We meticulously research a property’s online presence before we visit to appraise and afterwards analyse its unique attributes, and create tailored marketing and sales strategy to attract the right buyers.
So, while e-valuation sites offer a convenient way to estimate a property’s value, they should be regarded as just one piece of the puzzle. Property valuation perception is a complex process influenced by various factors, and human judgment remains irreplaceable in making accurate assessments. Using our expertise a seller can navigate the market confidently and reach their desired outcome.
Are you or someone you know struggling to sell a property in the current market?
To sell in a challenging market, you need an expert who has experience in marketing and selling in these current market conditions. An expert will have a deep understanding of the local market and will be able to advise on pricing, staging, and other strategies to make the property more appealing to potential buyers. An expert will have access to buyer databases all across New Zealand and is part of a large network of agents.
Fickle conditions can make the buying and selling process more challenging, but with the right strategies and expertise, it is still possible to achieve a successful real estate transaction. Here are five reasons to become one of our valued clients:
Honest Appraisals - Our approach is based on honesty and transparency. We provide you with a realistic assessment of your property’s value in the current market, without making false promises just to win your business.
Tailored Marketing - Our marketing plan is tailored specifically to your property, with a wide reach that captures potential buyers from across the nation and locally. We capitalise on market trends to ensure your property is visible to as many potential buyers as possible.
Local Knowledge & Fair Play - As locals ourselves, we have a deep understanding of the local market, including the buying habits and preferences of potential buyers. We work with all other agents in the area to ensure we leave no stone unturned in the search for your perfect buyer, and we always play fair.
Comprehensive Process - We’ll guide you through the entire selling process and keep you informed every step of the way. You’ll see the questions we receive and our responses, giving you a clear picture at all stages. We even offer comprehensive coaching to help you prepare for the sale and any potential situations that could be encountered.
Additional Perks - As our client, we want to make your selling experience as seamless as possible. That’s why we offer complimentary cleaning and moving trailer hire to help you on moving day and beyond.
Our team consists of two approachable and dedicated agents who are available 24/7 to assist you. Don’t let the current market hold you back.
Give us a call today to discuss how we can help you or someone you know achieve a successful sale in this market.
Think about buying a house from this perspective; Buying a house is like dating. When searching for ‘The One’, buyers will go on many first dates (open homes). Sometimes they may want to go on a second date to see your home again (private viewings) but ultimately, they know instinctively when it’s right or not.
One day everyone finds ‘the one’ and their reason for choosing it is different depending on their situation and motivation. When buyers come through your home and say there is something not right about it, things they want to change and give reasons as to why they won’t proceed, do not take offence. This is them searching. However, listen to genuine feedback as it’s important. We will tell you if there is something we need to change.
For Example: If buyers are consistently saying something needs to be done about an aspect of the home, and it’s within your control to act on this feedback, then it’s best to listen to it. Eg: clean the gutters if they are full.
When we find the right buyer for a property, they usually have an ‘in love’ expression and we know it’s going to go ahead.
Agents are like the dating agents. The agents who listen and have everyone’s best interests at heart are the ones that are trusted and get to represent the most homes. As potential agents for your home, it’s our job to present your property the best way that we can to attract buyers. We then listen to the buyers, make decisions with you about the property and bring the deal together.