Wednesday, 14 November 2012


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How To Calculate Value of Your House

How To Calculate Value of Your House

When you start planning about selling your property, the first question you should ask is “what is the worth of my house?” Or else you might not get enough money for your property, or you might be you are asking too much for your house so that no one is interested. 

So what is the best way of finding out the worth of your house? The prices of the property change with the market trends as you might already know, but that doesn’t mean you know the exact worth of your house by just comparing the market to what was the condition of the market when firs bought it. Other factors like the area you live in or the condition of your house also affects the value of your house.

The simple solution to this problem is to hire a surveyor. They do charge some hefty amount for their services but they help you a lot in getting a good amount of money for your house.

If you are satisfied and confirmed that you want to sell your property for cash than you can also hire en estate agent, but how they value a house depends upon what they expect to sell it for. If your real estate agent is desperate to earn some money, then they might sell your house at a relatively reduced rate.  You will also have to pay money to the real estate agent for their services. 

You can also do some research yourself by checking what was the prices of the properties that were sold in your area some time ago.  Obviously the asking price might be relatively higher than what you are offered in the end, so just checking the ads in the newspaper won’t give you the complete picture of the whole scenario. 

You can also take help from online companies. They can help you with the free valuation of your property.

7 comments:

  1. This comment has been removed by the author.

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  2. I liked your blog the static for promotion which you have mentioned is really good.
    I would like to share Three Tips for successful Commercial Real Estate marketing

    • Use the connection of professionals.
    • Use online advertising boards.
    • The last thing that you can do is to let other people in your
    area know that the property is for sale or for rent. You can do this by using billboards indicating your contact numbers and the information that the buyer needs when looking at property.

    ReplyDelete
  3. thanks for sharing a nice article About Real Estate.

    Real estate Property

    ReplyDelete
  4. There's a lot to consider before selling / buying a house. If you are selling your house like what you've said here you may think first what will be the price value of it. I am glad I found your blog and I get some information here.

    You may visit our website too: real estate in the philippines

    ReplyDelete
  5. The tips are indeed very useful. Please share more on the same.
    Sky Miltonia

    ReplyDelete
  6. This comment has been removed by the author.

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  7. There are also some internal and external factors which may affect the valuation of a house.

    The internal factors are
    * Size of house
    * Type of house
    * Hygienic
    * Interior design
    * Exterior design

    External factors are
    * Location of house whether it is located at urban or sub-urban or far interior location
    * Facilities and amenities like retail market, hospitals
    * Transportation facilities

    ReplyDelete