Faq
Most frequent questions and answers
There are several ways to find out the value of your house. From getting advice from an estate agent, using property websites, using online property valuation tools, or seeking advice from professional valuers or surveyors. Getting your property valued depends on your personal preferences, time and budget. However, the most common way to determine how much your house is worth is by getting a property valuation from a qualified professional.
There are different types of valuations available, including instant online valuations, virtual valuations, and in-person valuations from local experts. An instant online valuation is quick and convenient, virtual valuations allow for a more in-depth assessment of your property, while an in-person valuation from a local expert can provide valuable insights into the local property market and factors that may affect your property’s value.
In-person valuations: An in-person home valuation is typically the best type of valuation as it includes a detailed inspection of the property by a local expert. This can involve a thorough assessment of the property’s size, condition, location, and unique features, as well as an analysis of recent sales in the area. The valuer may also take into account any renovations or upgrades that have been made to the property. The result is a more comprehensive and accurate valuation of the property’s current market value, which can be useful when buying or selling a home.
Online valuations: An instant online home valuation typically includes an estimate of the current market value of a property based on publicly available data such as recent sales in the area, property size, and location. Some online valuation tools may also take into account unique features of the property, such as age and condition, to provide a more accurate estimate.
For an online home valuation on your property, use our quick and easy-to-use home valuation tool today to find out how much your house is worth in just the click of a button.
Virtual valuations: Virtual home valuations have become increasingly popular in recent years, particularly in the wake of social distancing and an increase in working from home. This type of valuation involves using video technology to give an estate agent a virtual tour of your property, who then provides a valuation remotely. The benefits of this type of valuation include the convenience of not having to schedule an in-person visit and the speed of the valuation process. However, virtual valuations may not be as accurate as in-person valuations, particularly if there are issues with video quality or connectivity. For a free virtual valuation of your property, book yours today to find out how much your house is worth.
Sales vs Lettings valuations: Sales and lettings home valuations differ in their approach and purpose. A sales valuation is focused on determining the current market value of a property for the purpose of selling it. This involves analysing sales data, the condition of the property, and other factors that can affect its overall value. A lettings valuation is focused on determining the rental value of a property. This involves analysing the local rental market and the demand for properties in the area. The purpose of a lettings valuation is to give landlords an accurate estimate of the rental income they can expect to generate from the property.
1. Receive an accurate estimate: Whether you’re just curious to know the value of your home or if you’re deciding to sell, by choosing to get a valuation of your home, you can find out an accurate estimate of your property’s current market value.
2. Setting an asking price: When selling your home, knowing a suitable asking price can be difficult. Booking a valuation can set a realistic asking price for the property, giving you more peace of mind and improving the chances of a successful sale.
3. Negotiating: Not only can it help with the asking price, but it can also help with negotiating power. Once you know the value, you’ll have a clearer understanding of how high or low you can go in the negotiation stages.
4. Valuable market insights: A home valuation can provide valuable property market information and insights, including recent sales data and trends to help you compare.
5. Potential issues: A valuation can help highlight any problems that may arise when selling your property and highlight any unique features that your house has.
6. Financing and insurance: A home valuation can be used to secure financing or insurance for the property.
7. Tax purposes: Getting your home valued can be helpful for tax purposes, such as determining the value of an estate for inheritance tax.
Take the first step to selling your property today by finding out how much your home is worth with Lakara Properties . In just a few clicks, with one of our local experts or use our quick online valuation tool.
If you’ve already found out the value of your house, instruct Lakara Properties to sell your home for you now, hassle-free.