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Unlocking the Mystery: Market Appraisal vs. Valuation - Let's Break it Down!

When it comes to selling your home, understanding the distinction between a market appraisal and a valuation is key. Let's dive into these essential steps. 


Market Appraisal: A crucial initial step when planning to sell your property, a market appraisal provides invaluable insights. At Homefinders, our seasoned experts visit your property to assess its condition, location, and unique features. This thorough evaluation, combined with cutting-edge market data and our in-depth market knowledge, enables us to recommend an optimal listing price. We want to ensure you achieve the best possible price for your property sale. Although commonly referred to as a valuation by sellers, we use the term "valuation" as shorthand for our comprehensive market appraisal service. 


Valuation: A full property valuation, on the other hand, typically occurs for legal or mortgage-related reasons. Conducted by a qualified RICS property surveyor, this assessment provides a detailed analysis of the property's condition and value. However, it tends to focus on legal or financial purposes and may not encompass strategic selling aspects crucial for achieving the best sale price 


Cost Consideration: Homefinders offers a market appraisal service entirely free of charge. During this process, you gain access to expert market insights, comprehensive property evaluation, and a clear strategy for your sales journey. On the other hand, valuations conducted by RICS property surveyors involve a cost that varies depending on the surveyor and the specific type of valuation. 


Your Path Forward: If you're seeking the right selling price for your property in the current market, a market appraisal with Homefinders is the ideal choice. Our appraisal, which can also be colloquially referred to as a valuation, equips you with the insights and strategies needed to sell your property smartly. 


 Ready to unlock your property's selling potential? Book your appraisal now with Homefinders!

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