Appraise and Set Price

Get an Appraisal before Negotiating
A good appraisal will let you know what your property is worth before you begin negotiating with a buyer.

The steps are:

  1. Arrange for an appraisal with a local appraisal firm. This can also be organised by a property valuer, if you are looking for a full professional valuation. You will be hoping that the appraisal comes in at a price that gives you a profit on the property. If it comes in at a price lower than anticipated and you have already commenced negotiations, then you will be in an awkward bargaining position. This is why it is best to wait and see how the figures come out.

  2. Interview at least two valuers or appraiser and check their references: The worth or creditability of your appraisal will sometimes come back to the credibility of the firm or the people doing the appraisal.

  3. Once you have received your appraisal, compare it with the sale prices of similar properties in your neighbourhood that have sold in the previous six months. You can do this by referring to your local real estate agency who will have these details in their sys...

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