Property valuation
How much is your property worth?
First step when deciding to sell your Home is to find the right selling price. This can be done by requiring a property valuation.
What is a property Valuation?
A property valuation is a detailed report of the property’s market value. It gives critical information and insight into the price to sell. Evaluating the price of your home can be daunting. The internet is flooded with many providers and real estate agencies offering property valuations but how do you know which validation is correct or closest to your ideal selling price ? Did you know that most of the time the agent offers a property appraisal, not a property valuation ? There is a big difference. This is why the prices are not correct.
Property appraisal vs Property valuation
What is a property appraisal?
A property appraisal is an estimate of the price of your property at a point in time. It is usually performed by a licensed real estate agent as a first document to give you a broad idea of what price you can approximately obtain for your property in the current market. However, the accuracy can be low.
Comparative market analysis which involves finding similar properties that sold in the area within 90 days. Agents will consider current competition, wider market trends, the property structure and its condition.
A property valuation is a detailed report of property market value with more detailed information.
What is the difference?
The accuracy and the level of confidence. A property valuation done by a certified property valuer is more accurate to find the right price for your property.
Who uses it?
Real estate agents mostly offer property valuation for free. And it is the same tool that you can find online too. However, when you download this tool online you have to enter a large amount of information on your personal situation, your finances and it can take a long time to fill up those forms and then you will be stuck in a contract or with someone who will cold call you for several weeks.
With Early Match, only little information is required to get your property valuation. We offer this service without you having to be locked into a contract. You can request this document to your mailbox quite fast. Early Match doesn’t enter into the details of your private life and earnings. When you contact us, you choose when it is convenient for you: in your own time, on your terms.
Why is a property valuation better than a property appraisal?
Depending on where you are in your selling journey, a property appraisal can be an excellent tool to have the first estimate. However, a property valuation will be necessary if you decide to sell your property and want to get as close as you can to the best price for your home.
Find the right price estimate for your property wherever you are in your selling journey
Early Match helps you understand the different types of property valuation, their accuracy and confidence level.
OPTION 1 : START WITH A FREE PROPERTY REPORT
What is it?
This type of property valuation is the most common. The one that you can find on various websites if you want to have a first idea of the price you would like to sell your property for. We can call it the first step when you want to know your price. This is the valuation that most real estate agents in Australia offer when buying a property, house or unit. It is an automated valuation
What does the property valuation include?
- Property Description: Profile, details
- Last photos published
- Estimated value of the property
- Last recorded selling price of your property
- Similar sales in the neighbourhood
- Similar property sold, to sell
- Medium rent in the area
When to request it?
At the start of your journey, when you don’t know where to start and you first want to have a general idea of what you are going to get. Gives a quick and broad idea.
Level of confidence:
Low
Accuracy:
Approximate
Pros:
Easy process. Not much information needed. Great report to have a first idea of your property price.
Cons:
This doesn't take into consideration the eventual renovations that you might have done on your property! It may not be accurate. If you require this document through a traditional real estate agency, chances are you are going to be contacted a lot! It doesn't always consider the market volatility. Your actual property price might actually be way higher or lower than what you get here.
How much does it cost?
Nothing. This is FREE
What to do?
It is free so why not get it. Receive your valuation by email, without adding any personal and financial details. (your privacy matters to us).
OPTION 2 : ACCESS TO A MORE ACCURATE FREE VALUATION
What is it?
This type of property valuation is the most recent automated valuation service specialised for Australia. More accurate than Option 1 it is a mix of Option 1 + additional data. It is what we call a modern automatic algorithm. This valuation differs in the way the data is interpreted. A general model is more accurate, + modern.
What does the property valuation include?
- Property Address
- Last recorded selling price of your property
- Similar sales in the neighbourhood
- Rental prices in the area
- Estimated value of the property
- Sales prices / sales data
- Similar property sold, to sell
When to request it?
At the beginning of your journey
Level of confidence:
Medium
Accuracy:
Medium
Pros:
Easy process. The price is more accurate than option 1. Larger list of similar properties evaluated. It gives you a first idea of your property selling price.
Cons:
No property photos.
It doesn’t take your house renovations into consideration
Doesn’t take into account the market volatility. Your actual property price might actually be way higher or lower than what you get here.
How much does it cost?
Nothing. This is FREE
What to do?
Send us an email below and you will receive your automated valuation in an hour.
OPTION 3 : GET AN EXPRESS PROFESSIONAL PROPERTY VALUATION
What is it?
This type of valuation is the first type of valuation done by an Australian recognized professional valuer. It is a professional valuation. Usually it will be 1 – 3 pages long and give you a more accurate idea of the price of your property
What is a professional valuer?
A professional valuer or Certified Practising Valuer is a person who, by education, training and experience is qualified to perform a valuation of real property. Done by certified valuer or financial institution.
This type of Valuation is a Professional valuation recognised by banks.
What does the property valuation include?
- Most relevant properties sold by a certified valuer
- The market trends
- Takes into consideration your eventual renovations
- All other details from option 1 and 2
When to request it?
Anytime during your property journey. The sooner the better and thanks to its low price, you can require this a few times during your selling journey.
Basically, you can ask for this type of valuation when you want to have an accurate idea of your property price in the current situation
Level of confidence:
Good
Accuracy:
High
Pros:
The accuracy of the data
The price for the accuracy ratio
You can use it anytime and try to get a new one at each step of your property journey.
Although the accuracy is great, it is not a complete report. It will give you an overview. Once you are ready to sell, we advise you to get a 10 page report certified by a property valuer (option 4 below)
How much does it cost?
AUD 150 (special Early Match price around Sydney)
What to do?
Send us an email at valuation@earlymatch.com.au with your property photos, full property address + list of renovation work + few other details about your property
EarlyMatch will arrange for an independent professional property valuer to prepare a customised two-page valuation report for your property. Reports are delivered within 2-3 business days
OPTION 4 : GET A FULL PROFESSIONAL VALUATION RECOGNISED BY BANKS
What is it?
Property valuation done by a professional valuer. The difference between option 3 and option 4 is the length of the report.
A professional valuer or Certified Practising Valuer is a person who, by education, training and experience is qualified to perform a valuation of real property. Done by certified valuer or financial institution.
This type of Valuation is a Professional valuation recognised by banks.
What does the property valuation include?
A 10 pages detailed and complete PROFESSIONAL property valuation recognised by largest Banks in Australia. This type of valuation is recognized by professional valuer
When to require it?
As soon as you have decided to sell your Home. It Will give you an accurate idea of the price of your property at the time you are ready to sell.
Level of confidence:
Very High
Accuracy:
Extreme accuracy
It is a 10 page detailed report on your property price and the most accurate valuation that you can find on the market as it is recommended by banks.
Contrary to option 1 which is not accurate, this option is going to be extremely accurate and will reflect what the market is doing, will take into account your renovations, market volatility and any aspect that the previous valuation
Cons:
The price can seem a bit expensive. This is why we recommend getting this valuation when you are ready to sell. However, this will give you the best accuracy that you can get on the market! With Early Match, you get a discount. Are you ready to sell ?
If you are not ready to sell as yet, maybe choose option 1-3 and then later in your process you can access professional property valuers.
How much does it cost?
AUD 400 - 600
What to do?
Fill in the form below or send us an email at valuation@earlymatch.com.au. It will take approximately 7 days for you to receive your complete property valuation. Someone can even visit your property to conduct an inspection.
