Valuation

What is a valuation?

In real estate, a valuation refers to the process of determining the monetary worth of a property. It’s crucial for buyers, sellers, lenders, and investors as it provides insight into the property's market value and helps inform decision-making. 

How much does a property valuation cost? 

The cost of a professional property valuation can range from $300 to $600 or more, depending on factors such as the type, size, and location of the property, as well as the scope of the valuation service required. However, it’s wise to start with an online property value estimate to get a ballpark valuation first. 

What determines the value of a property? 

The value of property can be affected by several factors including: Where the property is located The property's condition Features of the property Economic factors