How Do I Get A Property Valuation?

How Do I Get A Property Valuation?

How Do I Get A Property Valuation?

A property valuation will check details into your property and tell you its potential cost. The accuracy you get will depend on the valuer you use, and the information will go a long way in determining your purchase or sales decision.

Who Can Give Property Valuations
There are different ways in which you can get your property valued. Paying for property valuation is the best and most accurate way. However, if you are just eager to know whether it is worth making that purchase or sell, you do not need to pay a cent.

Chartered Surveyors
One way is to use chartered surveyors and pay amounts determined by them. The charges will depend on the geographical orientation of the property, among other factors.

Mortgage Lenders
Another way to get property valuations is through mortgage lenders. These people provide valuations for their houses during the home buying and selling process. Mortgage lenders value properties based on what they think their companies think the property is worth. They also charge you an additional fee on top of the mortgage costs.

Land Registry and Other Online Data Sources
You can also get your property valuations from the land registry data and other online sources. These sources or websites register home ownerships and buying containing data from real estate agents. Here the agents have data from their previous works in a particular region, so the act reference.
However, it is essential to note that the land registry data is not up to date. You may not get the most recent data as they take time to make the changes. So, this is not the place to go if you want the most accurate data.

Free Valuation Websites
You can also visit several free online property valuation tools to assess how a property is worth. It is worth remembering that while some free online valuations may be legit and accurate, some may be misleading. So if you are not sure, just use them as a guide.
You can reduce the margin of error by doing your search on various platforms. That way, you will get the most common figure and use them to make your judgment.
Most of these websites allow you to enter your postcode for free valuations. They mostly use Land Registry data to show the respective property’s previous selling price. But users can also use the data to get an estimate on the current market value.
As a buyer or seller, it is worth using this data to determine the factors and risks involved in the prevailing market. However, it would help if you were careful because some websites will take you in the direction they want you to go. For they can simply interpret the data to signify a crash in the prices.

Bottom Line
Property valuations are essential for both land sellers and buyers in equal measures. You can either decide to pay for these services or go for free options. Whatever way you go, you can get information that will help you make a significant decision.

You can always visit our website for a free instant online property valuation which will take about 60 seconds or less of your time. Simply click the link below.