Why Should I Have A Property Valuation?

18th September 2019 posted in Sellers

At Hunters, we believe property valuations are crucial, and there are different reasons why you should have your home valued. No matter whether you plan on selling your home soon or not, you’ll find a property valuation to be of benefit. At Hunters Forest Hill, we are more than happy to take you through the process, and if you are asking why should I have a property valuation, we can provide you with the answers you.

Three common reasons to have your property valued include:

1.      You want to insure your property

2.      You are refinancing your property

3.      You plan on selling your home

It could be you are curious as to the value of your property, or you have heard about neighbours values and you want to see how your home ranks. No matter the reason you have for valuing your home, we are here to ensure you receive the best support and guidance in the matter.

There is a lot to be said for obtaining three valuations for your property, to provide you with a real value of what it is worth. This is especially the case when you are selling your home, and agents are looking to gain instruction. In some cases, estate agents inflate the value of a property in the hope of winning the instruction.

This is a successful strategy for some agents in the short-term, but in the long-term, it frustrates vendors and can lead to an agent losing clients.

You want to insure your property

To ensure you have suitable cover in place for your home, you must have a correct valuation for insurance purposes. If you inform the insurance provider of a value that is too low for your home, you run the risk of not being adequately covered. If you told the insurance provider of an amount that is too high for your home, you might be paying too much for your insurance. Therefore, for peace of mind regarding coverage and cost, get an accurate valuation for your property.

You are refinancing your property

If you are looking to remortgage your property in the hope of obtaining a better deal, or you are keen to refinance, you need to make an informed decision. When you have an up to date and accurate valuation of your property, you can present all the facts as they present themselves. It is best to provide as much precise information as possible, and you will hopefully receive the financial backing that allows you to move forward.

You plan on selling your home

An accurate value is essential in selling your home. If your home goes to market with too low a value, you may generate a lot of interest, but if you sell at this price, you lose money. You may also find savvy buyers are wary of your home because of the low price-tag. Alternatively, if your house has too high a value, you may find prospective buyers show no or little interest in the property.

If you want to sell your home in the current market climate, it is best to have an accurate valuation.

At Hunters Forest Hill, we know selling your home is hard, but we are here to assist you in the process. We also know stepping on to the property ladder is a complicated process. If you aim to buy, sell, let your home or rent property, we are active in New Cross, Peckham, Dulwich and Brockley, in addition to Forest Hill, so get in touch with one of the top three agents in London, and we will be happy to assist you.