– Estimated property price
– Investment potential
– Market trends for the area
– Property history – sales and rental
– Similar properties on the market
– Suburb snapshot – population, average age, owner occupier, vacancy rates.
– Your suburb’s latest sales data
Agent Choice employs a proprietary algorithm, leveraging a CoreLogic™ Data feed, to determine the current value of your home. This advanced formula analyses recent sales data of comparable properties in your area over the past 3-6 months to arrive at an estimate. It is important to note that variations in property finishes and renovations can influence the accuracy of the valuation.
Using a property value report helps you figure out how much your home might be worth before selling it and getting an official appraisal. This information lets you plan for how much money you might make from selling your home, helping you budget for your next home. When you’re looking to buy a home, checking nearby home values can help you make competitive offers.
The property value estimate is an approximate value and should not be considered an exact representation of your property’s true value. Reports may show a range of estimated values or a single figure, usually with a confidence level indicator. This estimate is calculated using an algorithm that is computer-generated and should not replace a professional appraisal by a real estate agent for an accurate market value assessment. To get a more accurate idea, consider speaking with a local real estate agent for additional guidance.
