If you are wondering “How much is my house worth?” or you are getting ready to sell your house
, then getting a house valuation
is a must. But rest assured, a valuation doesn’t have to be shrouded in mystery. In fact, it helps you lift the lid on your home’s value. A property valuation is conducted by a local property agent, and it gives you an accurate figure of what your house is worth in the current market. It is one of the first steps homeowners need to take when gearing up to sell or let their property.
If you have questions about getting a house valuation, we have all you need to know below.
A house valuation is when an estate agent assesses your property’s value based on a variety of factors, including the location, condition, features and more. It allows you, the homeowner, to get an accurate house estimate of the worth of the property at the time of the valuation. This can help you in your decision of when to sell or let your house.
These days, there are many different ways to answer the question of “What is my house worth?”, from instant online valuations generated by technology, virtual valuations where an estate agent will view the property over a video call, to in-person valuations from Local Property Experts
An in-person house valuation is typically the best type of valuation as it includes a detailed inspection of the property by a local property expert. This involves a thorough assessment of the property's size, condition, location, unique features and any updates you’ve made to the property, as well as an analysis of recent sales in the area.
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.
A virtual property valuation involves an estate agent doing a virtual tour of the property, where they then provide a valuation remotely. This can be especially useful if you’re looking for a quick, accurate answer.
Receive an accurate house 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.
Set a smart asking price: When selling your home, knowing a suitable asking price can be difficult. Booking a property valuation best determines the realistic asking price, giving you more peace of mind and improving the chances of a successful sale.
Negotiate wisely: 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.
See valuable market insights: A home valuation can provide valuable property market information and insights, including recent sales data and trends to help you compare.
Work on potential issues: A valuation can help highlight any problems that may arise when selling your property and highlight any of your home’s unique features.
Sort financing and insurance: A house valuation can be used to secure financing or insurance for the property.
Aids tax purposes: Getting your home valued can be helpful for tax purposes, such as determining the value of an estate for inheritance tax.
Are you wondering “What is my house worth?”? Let us help you lift the lid on your home’s value in the current market. Here’s how book a free home valuation:
Simply click on book a house valuation to get started. You can let us know why you’d like to get a valuation so the agent can best address your needs.
View real-time agent availability. Schedule a day and time that suits you and you’ll receive instant confirmation of your valuation.
The agent will visit you and your property to deliver a free house valuation. You can then instruct Purplebricks to sell your home.
How do I find the value of my house?
There are a few different ways to find out the value of your property. While you can choose to get an online house valuation or a virtual valuation, the recommended way to get the most accurate figure is through an in-person property valuation. A Local Property Expert will then be able to tell you confidently how much you could sell or rent your home for.
The good news is that Purplebrick’s in-person house valuations are easy to book online and completely free.
How much is my house worth in the UK?
Ah, isn’t that the ultimate question? Home values increase over time and fluctuate with the market. They are constantly changing depending on buyer demand and local market conditions such as stock, bidding wars and economic changes in the area. As the market shifts and surrounding properties sell, only an estate agent will be able to provide an accurate home value.
It’s recommended to regularly check the value of your home, especially when you are about to sell your house.
How much does it cost to get a house valuation in the UK?
The cost of a house valuation in the UK can vary depending on the type of valuation and your location. Some in-person valuations can cost anywhere from £100 to £1000, while online valuations are usually free. At Purplebricks, our in-person valuations are completely free of charge.
What do agents look at when valuing a house?
Once you book a house valuation with a local estate agent, they’ll arrive at the time you agreed. They might ask you to show them around the house and point out any improvements you’ve made to the property and any defining features that might make it stand out. They will show you comparable properties in the area and the sold figures, and they might discuss how these relate to your property. They’ll also be hot on the local property knowledge, so they’ll be able to tell you how in-demand your home is at the moment.
The estate agent will tell you how much they think your home is worth. They might go into detail about starting prices if you choose to sell or let, and what you can expect to achieve. Of course, there’s no obligation and house valuations are completely free. You can then instruct Purplebricks to sell your home to list your property on the market.
How long does a house valuation take?
A house valuation can vary in time, depending on the property. However, most property valuations take around an hour, where the estate agent will view the property, review the comparable properties sold near the area, and explain the reasons behind their valuation figure. While some valuations may be longer or shorter, it’s best to leave around an hour for the whole process.
What will my home be worth in five years?
As a homeowner, you naturally want to be sure your home is appreciating in value. However, it’s difficult to predict the exact value of your home in five years as the housing market fluctuates based on various factors such as the economy, interest rates, and supply and demand.
It's important to remember that any estimate of your home's future value is just that – a house estimate. The UK housing market constantly changes, and many things can affect your home's value. However, you can keep track of how much your house is worth with house valuations. It’s recommended to book your house valuation
and stay up to date with useful home selling news
Tuck into learning more about property valuations and how to sell your home, wherever you are in your journey.