The 5-step process smart buyers use to value any property
This week's content vault article is a practical guide for buyers who want to figure out what a property is potentially worth before making an offer.
It's also a great piece to have in your toolkit if you work with first-home buyers, out-of-town purchasers, or anyone who's been sitting on the fence because they don't feel confident enough to make a move.
A note on Step 1: you may want to swap out the website references for whichever online valuation tool is most commonly used in your market.
You can use this article in your weekly email newsletter, post it to social media, add it to your open home kit as a buyer resource, or share it directly with any buyers you are currently working with. We've also included a shortened, social-media-optimised version to save you time.
Have an epic week!
Andrew Duncan - Agent Monday
PS. With the Summer market starting to slow down, now is a great time to invest in our most important relationship. Check out this guide for some light-hearted advice to help keep the home fires burning 😉
Andrew Duncan
The 5-step process smart buyers use to value any property
This article will give you a quick, practical process to help you decide what any property is worth to you.
Step 1. Check the online estimates.
Start with homes.co.nz, or oneroof.co.nz. These online value estimate tools give you a useful starting point. Just keep in mind that no algorithm has walked through the front door. Factors they can't measure include the condition of the property, the layout and natural light, any major work required, and how it compares to others in the area. Use the number as a reference, not a verdict.
Step 2. Find out what it last sold for.
Search online or ask the salesperson for the sales history. If the property has sold within the last few years, that figure gives you a real anchor. From there, you can factor in any capital growth (or loss) since that date to get a rough current picture.
