Mortgage agents must cope with the reality of a bear property market in the meantime. Be prepared to re-adjust your customer’s estimation of his property value at the point of sale if the facts change. Before making a sales call, look over property websites to obtain a sense of the local market and trends. You will not only be well-informed, but you may also save yourself and your customer a lot of misery. It’s also a good idea to get to know your area appraisers; you’ll notice that the same names keep popping up. Checkout Property Valuation for more info.
When it comes down to it, you’d better know what you’re talking about if you need to explain the key aspects of a valuation, or worse, a down valuation, to a client. It could be the difference between saving the transaction and losing it. Finally, cover oneself at the point of sale. Explain to the customer that your product proposal is based on his property value estimate and that it is subject to qualification by a qualified valuer.
When you’re looking to sell your home, it’s critical to know how much it’s worth. This will help you attract the right buyers and, eventually, make a profit. Even while this is not an exact method of determining the property’s value, it comes close, providing you with a general idea of what you can expect from the sale of the property.
Here’s something that might help those of you who have little or no knowledge about property assessment. – The process of determining the economic value of real estate is known as property valuation. The goal of the process is to ascertain fair market value, which is the price at which a knowing seller would willingly sell her property and a knowledgeable buyer would willingly buy it.
There are a number of factors to consider when valuing a property that will make things easier for you in the long run; here are a few of them. – Consider the Environment –
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