Selling a home can feel daunting, especially if it’s your first time navigating the process. One of the initial and most essential steps is determining your property’s value. To help you make informed decisions, here’s a breakdown of the three main types of property valuations you might come across.
Desktop Valuation (Instant Online Valuation)
If you’re looking for a quick snapshot of your property’s value, a desktop or online valuation might be tempting. These online tools provide instant estimates based on recent sales in your area and general property data. While convenient, it’s worth noting that these online valuations can lack the precision of an in-person property assessment. They might give you a starting point, but for an accurate view of your home’s worth, an in-person valuation is often best.
Estate Agent Property Valuation (Market Appraisal)
For a more comprehensive assessment, an estate agent’s valuation—also known as a market appraisal—is highly recommended. This in-person valuation involves inviting our expert valuers into your home for a thorough property assessment. We’ll take into account the home’s presentation, any recent upgrades, and the general market conditions. This method provides you with a realistic market valuation, helping you set a price that aligns with your property’s unique features and current demand.
Home Report Valuation (BACCS Registered Qualified Survey)
In Scotland, sellers are legally required to provide a home report before listing a property. This report includes a valuation conducted by a certified Chartered Surveyor. These professionals use in-depth knowledge of the property market and meticulous evaluation techniques to deliver an accurate, reliable report. The home report valuation is especially important as it gives potential buyers confidence in the property’s value. However, before committing to the cost of a formal survey, consider starting with a complimentary valuation from an estate agent like ourselves, so you have a clear starting point.
Each type of valuation offers unique benefits, and depending on where you are in your selling journey, one may be more suitable than the others. Let us guide you through this process to help you find the best approach for your situation. If you’d like to know more about any of these valuation types, reach out—we’re here to help!