Residential property valuation report
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A residential property valuation report takes into consideration the current housing market and forecasts, your area, price trends, council bands, neighbourhood statistics and other factors to determine your property's present condition market value. There are estate agents and online services that specialise in calculating the value of your property with all these aspects in minds.
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What do you need to know about a residential property valuation report?
A residential property valuation report is used to determine the present condition market value of the property. You can arrange for an estate agent to visit your home, or use online portals to process the report, though these will likely be less accurate. It can be good to have several valuations done by different agents. Some may spot things others haven't, and many agencies offer free property valuations.
Remember to check the qualifications and experience of your options. The estate agent should have worked on properties similar to yours and had positive results, with good customer reviews to show you. They may also belong to a national trade organisation such as the National Institute of Estate Agents. These groups enforce high standards for members, and can act as a third party in the event of a dispute. All estate agents, online or offline, must belong to an appropriate property ombudsman scheme, so be sure to ask about this.