It’s the ultimate question for any budding seller! But how do you get an accurate answer?
Online estimates and calculators are all very well and good but at the end of the day they are just that – estimates. If you want to get a more accurate idea of how much your house is worth, you will need to do a bit more digging around. Fortunately, it’s an easy process and one that can often prove to be very illuminating.
If you want to get the best possible price for your house or flat, it pays to do your homework.
Tips to determine How Much Your Property is Worth
If you are seriously considering selling your house and are ready to start the ball rolling, get at least 3 valuations from different estate agents. As a general rule of thumb, one will be low, one will be high and the other will fall in the middle. It’s often advisable to choose the mid-level price as this will be on the realistic side and there will be room to negotiate on price with potential buyers.
Talk to estate agents
After all they are the experts in this area! If you aren’t happy with the projected sale price, ask them if there is anything you can do to improve it. Although properties tend to fall into the same categories (flats, 3-bed houses, etc.) there’s a world of difference between one that’s been modernised and another that needs renovation and decoration.
Keep your rate realistic
Be realistic! Set the price too high and the surveyor may disagree with you and slow the whole sale process down.
Research the market for trends
Keep a close eye on market and house price trends. These do change throughout the year and can have an effect on how much your property is worth. Find out how much similar properties in your local area were sold for. This is an excellent way of determining the sale figure you are likely to get for your house or flat.
Compare house prices online instantly
Use the search tools on My Homes Unlimited to find out how much your house is worth by comparing house prices in your area.
Just enter your postcode, specify a search radius and you’ll get an instant set of results.
You will be able to find out sale and sold prices, which will give you a more in-depth picture of projected and actual property sale prices.
You’ll be in a better position to see how much your property is worth in reality.
All the information is up to date so you can get an accurate idea of sale prices.
Create a favourites list so you don’t have to keep performing searches.
Gold mine of information about homes
The Land Registry is an absolute gold mine of information when it comes to finding out how much your house is worth.
They’re a government department that publishes up to date figures for sold house prices in England and Wales since 2000.
Pick a location and you can find out how much properties in the specific area were sold for. The Land Registry publishes a house prices index that has a reputation as the most accurate available, so it’s a good place to start.