Appraisal versus valuation

When should you use a property appraisal versus a formal valuation?

January 2024 | By Fall Real Estate | Tags: Sell, Rent, Guide

In this article, we explore

  • the difference between an appraisal versus valuation.
  • why you might choose a complimentary property appraisal.
  • whether you are ready to take the next step.
  • why you should choose Fall Real Estate.

Do you need a property appraisal or a formal valuation? Here’s how to decide.

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Determining your property’s value is a key step in selling, renting, or planning your financial future. While both appraisals and valuations aim to establish your property’s worth, they serve different purposes and require different approaches.

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What’s the difference? Appraisal versus valuation:

Valuations by certified valuers

Conducted by certified property valuers, valuations are professional, unbiased, and legally recognised reports. They are often required by banks, courts, or for legal matters such as wills. While detailed, valuations may not reflect the current market price a buyer is willing to pay.

Appraisals by property agents

Appraisals, on the other hand, are informal estimates of your property’s potential market value. Based on recent sales data, buyer demand, and market trends, appraisals are ideal for sellers or landlords seeking quick, actionable insights.

Why choose a property appraisal?

A complimentary appraisal from Fall Real Estate offers:

  • An accurate estimate of your property's current market value.
  • Expert insights into buyer demand and market conditions in Southern Tasmania.
  • The flexibility to assess your property’s value quickly and without obligation.

 

Whether you're selling or renting, our experienced agents provide tailored advice to help you make informed decisions about your property.

Ready to take the next step?

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Book a Complimentary Appraisal Today!

 

General enquiries
realestate@fall.com.au
03 6234 7033
Visit fall.com.au

 

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Why choose Fall Real Estate?

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With extensive experience in the Southern Tasmanian property market, our agents deliver:

  • Unmatched local knowledge.
  • Proven expertise in achieving top results for sellers and landlords.
  • Personalised guidance to help you reach your real estate goals.

 

Don’t leave your property’s value to guesswork. Contact Fall Real Estate for a no-obligation property appraisal today!

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