4 Common Mistakes People Make When Asking for Property Valuation

Asking for property valuation is not just about scheduling an appointment with the appraiser and getting the job done. The goal is to make the most out of the process. You want to have a high valuation of your property. If you don’t do things right, it could affect the value of the property. The valuation could have been higher, but you didn’t do the right things.

As such, it is best to study what needs to be done prior to the appointment so you can avoid these common mistakes.

Not being there during the valuation

Don’t just schedule a valuation and leave while it is being done. It won’t help you. Make sure that you are there to answer any questions. You can also say why it deserves to have a higher value. Of course, the appraisers are professional and their judgement is more objective, but it still helps if you show up just in case.

Not completing repairs and improvements on time

Don’t start renovating parts of the property if you don’t think you can finish it on time. This is just a waste of money. The full amount of the improvement will not be taken into consideration if the appraiser has not seen the property in its full glory. The best advice if you can’t finish the work before the scheduled appointment is to get a note from your contractor. This will show the details of the estimated amount that the planned work will be worth. This will be included in the appraisal of the property and it is crucial in determining its final value.

Requesting to sell the property quickly

If you ask for the property to be sold quickly, it could reduce your property’s value. One of the most important factors in determining if people will buy the property quickly is the price. If you put a very high price tag on it, it could be more difficult to sell it quickly.

Going for online property valuation

Always ask for a personal and full valuation of the property. Don’t settle for anything less. Make sure that the appraiser will be there to check everything in detail. This provides a clearer picture and a more accurate valuation. Otherwise, you won’t get what you deserve. There are only two possible scenarios. Your property could be under-valued and you lose money or it will be over-valued and it could turn off potential buyers.

Now that you understand all these possible mistakes, make sure you don’t make any of them. Book an appraiser now at surveyors Essex so you can get started with the process. Soon, your property will be sold at the right price.