Is It Worth Consulting a Property Valuation Company Before Buying a House in Sydney
Apr 25, 2019 08:09
A house purchase is more than likely the biggest purchase that people will make in their lifetime. Normally a purchaser will front a substantial deposit and then continue for a number of years to make payments towards a mortgage on their home. Sydney is a fabulous place to buy a home and there are a lot of wonderful properties to choose from but how do you know if you are entering into a sound investment?
Before committing yourself to such a large purchase, you want to make sure that everything is as it should be. When you go to visit a house, it is often presented in such a way as to hide faults and problems. Damp patches could be painted over or carpets could hide uneven floor surfaces or even subsidence.
A valuation company is well worth approaching as when you consider the size of your purchase compared with the cost of a valuation, it is only a small fraction of the cost and a cost which in the long run could save you a financial headache. For those looking in Sydney check out https://www.sydneypropertyvaluation.com.au.
There are many benefits to approaching a valuation company prior to purchasing your house in Sydney.
●A valuation company has a local knowledge of the area and is able therefore to assess your property compared with others in the area. They can look at properties that have recently sold and will be able to tell you whether the asking price of your property is reasonable and fair.
●They are completely independent, they are not looking to sell you the house, they are working to give an accurate valuation based on market trends, the location of the property and any environmental influences. Property valuers in Sydney know the local areas and the local housing market and can provide you with their educated opinion.
●Some valuation companies will visit the property and assess the condition, the structural integrity, the potential of damp issues, the condition of the roof (even at ground level, an experienced eye can spot potential problems). When we visit a property, we are not inclined to snoop around too much and will often not look too closely at the fixtures and fittings. A valuer can do that and point to the lifespan of things like kitchen units and bathroom fittings.
A property can have any asking price attached, it does not necessarily mean that it is worth the money that is being asked, every seller is looking to achieve the best possible price. By consulting a valuation company you are protecting your own interests and your substantial investment. Be sure to shop around to find a reliable and well reviewed local company. By doing your own homework, you can also ask questions of the valuer and have your opinions either confirmed or questioned. Using the information they provide, it will give you an idea on what to offer for the property and the knowledge that you will have made a wise investment.
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