Little Real Estate - CARLTON

About Little Real Estate - CARLTON

Why is a sales appraisal important?

An appraisal enables a potential seller to gain an understanding of the value of your home. Unlike a property valuation, you cannot use a sales appraisal to establish market value with prospective lenders, but you can use it to help determine your net worth.

A sales appraisal a great starting point when selling their home. It helps to set expectations and kickstart improvements that increase the value of the property. Many potential sellers take their sales consultant’s informed advice and make minor repairs or improvements before they list their property.

Trust a professional

Choose a sales consultant who is familiar with your suburb, they will be able to crucial insight and experience specific to your neighbourhood. A sales appraisal is not essential, but it is a great tool to inform the discussion around your property’s sales potential and provide crucial current market trends and zoning laws.

How is a sales appraisal conducted?

A sales appraisal, also known as a market appraisal, is a great first step towards selling your home. When you receive a sales appraisal, your property will be reviewed by a sales consultant who is likely to be a real estate agent.

There are multiple factors an appraiser will consider when determining the property’s worth. These vary from location to neighbouring property sales. Your sales consultant will inspect the property and come back to you with an estimate which reflects the property, current market and suburb.

Location, location, location

The location of your property is a significant determining factor in its value. A sales consultant will consider the suburb, nearby amenities and other factors unique to its location when determining the estimate.