Do you know your property’s true worth? Request an appraisal today:

What is A Sales Appraisal?

26 February 2019 |2 Minuites Read

house house Looking to sell?
We can help

A free sales appraisal can be the best way to start your sales journey

The process of selling your home can be a long one with a great number of things that need to be done. It can be stressing; it will test you but they need to be done to ensure that your property gets sold.

One of the first steps you can take in your property selling journey is to get a sales appraisal (also known as a market appraisal) to really learn your property's worth.

Usually conducted by a real estate sales consultant, sales appraisals are a way for the seller to dip their toes in the market waters and can help set expectations for what price a property can achieve when sold.

There are multiple factors that are considered when a sales appraisal is conducted. Some key aspects are:

  • Suburb
  • Condition and structure
  • Any building or structural faults
  • Property features
  • Nearby amenities

Do you understand your property's true worth?

Find out today Find out today

Most sales appraisals will not be for immediate listing though. They will be a prediction of what the property may sell for.

As the owner, you will need time to make any prospective changes or improvements to the property to ensure that you can get the best possible price at sale.

It is because of this that an appraisal may not reflect the current market but rather what the sales consultant believes can be achieved on the market in the future when the property is being sold.

Sales appraisals can also be used for people who aren’t selling now but may need them for tax or refinancing purposes. 

It is important to note that any sales appraisal is not a proper valuation. They can’t be used with any prospective lenders to establish the market value.

They can also be called property appraisals or sales appraisals.

What does a sales appraisal cost?

One of the most appealing reasons to get a sales appraisal is that they are free. You can learn what your property is potentially worth and gain a better understanding of the real estate market in general at no cost.

A property sales specialist will collect and share information that can shape your financial future. This being no cost to you means that it is something that should definitely be considered at the beginning of the selling process.

Therefore, because it is free, it is common sense to get a sales appraisal conducted.

Get someone in the know

When seeking a sales appraisal, selecting someone that is familiar with the suburb of your property is vital.

You should also find someone with a proven track record in residential sales who will strive to achieve the best and most accurate appraisal for you.