Obtain a market appraisal before selling

When it comes time to sell your property, one of the first things you should look to do is obtain a market appraisal.

A market appraisal will provide you with a good understanding and realistic expectation of what your property is worth.

How is market value determined?

To determine this estimation, your REIWA agent will consider the following factors:

• Dimensions of the property
• Construction type
• Condition of the dwelling
• Special features
• Recent sale price of similar houses in your area
• Asking price for similar properties currently on sale
• Redevelopment potential
• Any proposed re-zoning of the property

The appraisal will also include;

• details of the title search
• encumbrances
• zoning information
• copies of the latest rates and tax notices from local government
• general information on the community, such as location of schools, shopping centres, transportation, freeway access and recreational facilities.

For more information about market appraisals, speak with your local REIWA agent.