APOLLO BAY- HERE & THERE

Whether you are thinking of possibly selling your home in the near future, refinancing your home loan or are simply looking to get an update on how much your home may be worth in the current market, appraisals and valuations can provide you with some great information and insight to assist in your planning and decision making.

But aren’t these the same thing?

Not exactly, A property appraisal is essentially an estimate of your home’s value conducted by a real estate agent. This involves the agent assessing the features and attributes of your home and assessing it in comparison with recent sales within your area to provide you with a guide price of what your home could achieve in the current market.

Our agency is pleased to provide appraisals as a free service with no obligation to assist you in understanding the current worth of your home or investment,  however, it is important to note that a property appraisal is a guide price only, it is not definitive and has no legal standing.

A valuation on the other hand is a formal property valuation report done by a specially trained, qualified valuer who will attend the property and complete a complex assessment of your home or investment, assessing multiple factors.  This can include but is not limited to; location, home features, land and dwelling size, building condition and structure, council zoning and other factors which may impact the value of the property.

Unlike an appraisal, property valuations don’t indicate how much a property will sell for.  Homes can sell significantly above or below their market valuation depending on interest level, emotions and competition (or lack thereof).

Call us on (03) 5237 2600 for your free no obligation appraisal.

APOLLO BAY- QUOTE OF THE WEEK

“Don’t wait to buy real estate, buy real estate and wait”

CURRENT LISTINGS:

Thinking of buying? Click HERE to view our current sale listings

Thinking of trying a seachange? Click HERE to check out our Permanent Rental listings