The valuation process is a vital part of the bigger property sales picture. Whether you require assistance with residential valuations or commercial valuations, requesting a private valuation from a professional like us will ensure you have an accurate insight into how much the property you are hoping to sell is worth in the current marketplace.
As well as being experts in property management here at Rory Mack Associates, we specialise in residential valuations and commercial valuations. In this blog post, we use our expertise and experience in these two specialisms to give you guidance on what you can expect from your upcoming valuation appointment.
Why is professional property valuation is important?
Residential valuations and commercial valuations both determine the value on a property. The valuer visiting your property will use a number of factors to determine an accurate property value, which can then be used to set a realistic selling price.
By setting a realistic selling price, you’ll ultimately attract more viewers, encourage more buyer interest, secure a figure closer to your asking price, and ensure a faster sale.Â
It’s not just your property’s condition and appearance that will influence its current market value. The period in which it was built, what it’s made from, the size of the property and its grounds, the presence of other buildings (i.e. outbuildings and garages), and the availability and accessibility of parking will all be defining factors.Â
The property’s location and its desirability will be taken into account during the valuation process. Whilst the sale prices of other, similar properties within the area are also reviewed by our valuers to provide a precise valuation.
Not to be confused with estate agent valuation appraisals, our residential valuations and commercial valuations provide the gold-standard of property valuations. Our valuers are registered with the Royal Institution of Chartered Surveyors (RICS) and offer an accredited, reliable and evidence-based ‘Red Book’ valuation as a result.
How should I prepare for my valuation appointment?
At the valuation stage, your home or business premises doesn’t have to be dressed for viewings. Valuers look beyond the aesthetics to determine the market value of the property, although a good declutter and clean wouldn’t go a miss. By subjecting your property to a thorough clear and clean ahead of your residential or commercial valuation, you can give the valuer the opportunity to review your property minus the distractions.Â
When preparing your property for its valuation appointment, don’t forget to give the exterior of your property the same treatment. First impressions certainly count during residential valuations and commercial valuations!
Another way to prepare for your valuation appointment is to write down a list of questions about the selling process. The valuation appointment doesn’t just offer the chance for valuers to dig deeper into your property. It gives you the opportunity to find out more about who’ll be valuing and even handling the sale of your property.Â
What will happen on valuation day?
On valuation day, your valuer will attend your home or business premises to view the property, grounds and surrounding area in person. You can put your questions to your valuer during your appointment as well as point out any improvements you’ve made to the property since you became its owner to ensure they are well informed.Â
In addition to this, you can ask the valuer what additional improvements or upgrades can be made to improve your chances of a sale or achieve a higher selling price. Your valuer will be well aware of which improvements and upgrades can make the biggest difference to selling prices and times, and we regularly recommend alterations during residential valuations and commercial valuations with this in mind. It’s surprising how much difference a seemingly quick and easy job like repainting or re-carpeting can make!
Your valuation appointment should last no more than one hour, yet could make the biggest difference to your selling price, time and experience.
How can I arrange a property valuation?
If you’re looking to arrange a property valuation, then you’re certainly in the right place. As experts in property management, residential valuations and commercial valuations, we can assist with Red Book valuations of the highest standards.
We offer private residential valuations and commercial valuations throughout Staffordshire, Cheshire and Shropshire, and can even assist with the valuation of specialist properties like public houses, petrol stations, nightclubs and restaurants.
To discover more about our property management services, residential valuations and commercial valuations, or to book your private property valuation, please contact us today.
