When you are selling your property, one of the top questions on your mind is undoubtedly, ‘what is the value of my house?’ It is essential that you have an idea of its worth on the market and to potential buyers so you can set a reasonable, feasible asking price – and determine whether any offers are acceptable. You may also want to determine the value if you are weighing selling against taking on improvement and renovation projects.
How do you determine value?
What Is the Value of My House?
To discover the value of your house, it is important to access key pieces of information, notably:
- The asking price for properties that are similar to yours
- The sale prices for comparable homes
You will need to factor in elements such as location, size, and amenities, etc – but it is important to understand that this will be an estimate only. The best way to determine the value of your house is to work with an estate agent or valuation specialist.
That said, you can get a great idea of value with helpful online tools, if you’re not keen to dig through land registry records and ask the neighbours how much they bought their new home for! Thanks to the depth of real estate help on the internet these days, you have lots of options at your disposal by just logging into your favourite browser. There are, fortunately, several online valuation calculators you can use (again, this does not replace an in-person valuation by an expert, but it is a useful bit of information all the same).
- The Land Registry (Wales and England)
- Register of Scotland
You can also speak with an estate agent; many offer free valuations. There are a few real downsides to that option, though. For example, you may not want to be subjected to high pressure tactics as they add up commissions and fees in their minds. While they will give you the information you want, they may also work to get you to list your home with them. If you are looking for information with which to make a well-informed decision, start with these valuation tools.
You can also avoid the hassle and expense of a traditional house sale by opting for a ‘we buy any house’ company like GoodMove.
How does it work?
Quite easily, quickly, and conveniently, actually. Simply enter your postcode. Within 24 hours, you will receive a cash offer for your house. Our team completes two valuations and a survey to determine if there are any issues with the property (e.g. foundation damage, liens, etc). We may revise or rescind our offer based on these reports. Pending your approval of our offer, we will then go ahead with purchase. Typically, this entire process takes place within three weeks. This is compared to the months it can take to list your house and wait for suitable offers – and then wait more for completion.
Our asset management company works with local estate agents who have in-depth knowledge and experience in the current market. They value your property; a RICS chartered surveyor then completes a RICS Homebuyer Report and creates the final offer.
Knowing the answer to the question, ‘what is the value of my house?’ is key here. You will be able to consider our offer with the facts guiding you. Generally, we offer 85% of market value. Can you get more if you follow a traditional path? Perhaps. But consider the other expenses with which you will have to contend, from estate agent fees to conveyance solicitor bills. We negate these issues, allowing you to receive money in your bank account without delay.
Streamlined Service as You Sell Your House
If you do not want to wait, or continually get your hopes up viewing after viewing, sell without a chain, or unburden yourself from onerous maintenance, for example, working with a quick house buyer like GoodMove is… well, a GoodMove.
To learn more about our services, visit GoodMove We are happy to discuss your needs and answer any questions you have about selling your house quickly.