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How is property valuation done?

That are purchasing land centralwestnswexchange recently and they’re still selling off the plane and they’re really good comparable sales so what you do is you need to research the market and you need to create a journal because you’re going to start conditioning the value up on how to do this and I’m going to talk about that as well in a second now.

What’s the best way to research the market the best way to do is to go to RP data which is property valued at com data you and buy reports on the property you’ve just purchased so let’s say for example you’ve bought a townhouse in Bentley for $850,000, okay and you jump on to RP.

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Data and you print off reports every quarter. on Bentley and all townhouse is sold in Bentley in Bentley’s okay and that’s not going to cost you a little money if you jump onto the website this is some of the options you have you’ve got sales and rental values sales and rental history and comparable properties so.


How important is the need of valuation to the investors?

You centralwestnswexchange can actually go and buy reports specifically on your property anyway in Australia using this this tool which is quite incredible it’s effectively doing the homework for you okay also what you need to do is so not easy to get the reports you need to engage local real estate agent and obtain a written sales appraisal letter from.

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The agent so you need to if you’ve got a property already whether it’s your house whether it’s a property that you’re settling or whether it’s a probably you already have an investment property ring up the top five agents in the area and say listen.

I want to read I want an appraisal a sales centralwestnswexchange appraisal all my prop they love doing agents love doing sales appraisals I mean they will mail drop a whole suburb sometimes.

just letting people know that they do in the area of doing sales appraisals because they want your business ultimately they want to be in your face as often as they can so when it comes time for you to sell there’s a good likelihood you’re going to engage the services so on Bentley and all townhouse is sold in Bentley in Bentley’s okay and that’s not going to cost you a little money if you jump onto the website this is some of the options

you have you’ve got sales and rental values sales and rental history and comparable properties so you can actually go and buy reports specifically on your property anyway in Australia using this tool which is quite incredible.

it’s effectively doing the homework for you okay also what you need to do is so not easy to get the reports you need to engage local real estate agent and obtain a written sales appraisal letter from the agent so you need to if you’ve got a property already.