Advice about home valuations

Our web site offers a free guide to consumers to the best way to go about arranging a home valuation.

The term home valuation is used by a lot of people for actually two different types of services, although both related to the value of real estate, it is important to clarify the difference.

One is perhaps better termed a real estate agent appraisal this is the estimate provided by a real estate agent.

Click here to find the a real estate agent to get the best free home valuation.

So the first question to ask when getting a home valuation is what purpose do i need this to valuation for.

You need a registered valuer's home valuation when a definitive price is required.

For a registered valuer to provide you with a valuation on your home or property you are looking at organizing a paid service.

A valuer determines the value of the property based market conditions at a given time.

Click here to read about why and how to get a home valuation.

A home valuation by a registered valuer

This is a different service to that of a free appraisal on your home value from your local real estate agent.

Click here to get more information on a registered valuers home valuations.

A registered valuer's clients may include banks, government departments, property developers, insurance companies or building owners and although practices may vary from state to state in Australia the valuations provided are generally used for thing like :

• family law settlements
• assessing mortgages
• assessing rent for leases
• assessing the value of assets
• insurance compensation
• establishing the value of properties for sale
• the calculation of land tax, municipal rates and stamp duties on property transfers and loans

Appraisals are only intended as a guide to pricing and can be requested from real estate salespeople.

A real estate salesperson appraisal is really only intended to be a guide to pricing when you are considering selling your property.

Appraisals are produced by knowledge of the local area and recent sale prices and should only ever be used as an estimate of price.

Click here to read about free home valuations or real estate agent appraisals

They are not definitive and have no legal standing.

It is rare for an agent to charge a fee for appraisals and they are generally only requested by potential vendors to get a ‘feel' for the local market.

A new aspect of home valuations is there are many web sites that now advertise a online home valuation services.

Click here for an explanation about online home valuations and how most of them work.

Free service

The information on our web site is a free service to consumers.

We are paid by our advertisers but the information is relevant to Australian real estate conditions.

If you are looking to employ a real estate agent or considering getting a home valuation by a registered valuer any where in Australia please check out our web site first