The benefits of an accurate home selling valuation
Before you sell your home it’s essential to get an accurate valuation. Getting its true worth allows you to know what to expect from it and the asking price you need to come up with. An accurate valuation of your home before you sell has its benefits.
The benefits of an accurate home selling valuation are:
You’ll know what to expect
Selling your home without an accurate valuation is risky and not advisable. If you go onto the market at the incorrect price, you may be visible in the wrong sections of online portals. This could lead to you missing out on potential interested parties. It may be useful to know the selling prices of similar properties around your location, this will give a rough idea of what you can achieve. However, a home valuation from Kallars allows you to achieve an up-to-date professional appraisal. This also gives you (if you need it) an idea of the mortgage you could obtain, even if you intend to refinance for easier rates, get cash to meet rising demands or access lower payments.
Financial clarity
While loans differ, lenders usually offer their customers a chance to use their properties to borrow to a certain threshold, which usually stands between 75% and 96.5%. Other credit demands would have to be met, including an accurate valuation of the home etc. Cash-out on mortgage refinancing might look enticing but can have drawbacks. especially if the interest rate is much lower in contrast with the market. There are other schemes such as HELOC (Home Equity Line of Credit) to access much-needed cash using your home through a second mortgage. These can be explained to you and along with an accurate valuation, can ensure you make any financial decision most suited to your requirements.
Insight on when to improve the property
Undoubtedly, you would wish to achieve the highest possible price for your home. This may require you to make any necessary improvements to maximise its value. An accurate home-selling valuation will let you know what is or is not worth spending money on and whether or not you would see a return on any major home expenditure.
Paying the right premiums and council taxes
To make sure you are paying the correct insurance premiums etc., is yet another reason your current property value should be kept up to date. Otherwise, you could be paying significantly more than you need for things like buildings and contents insurance.
It is always better to be in receipt of any of these facts and not need them than to need them and not have them.
