Your Essential Sydney Home Maintenance Checklist for Every Season
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#advice
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What's My Home Worth? Unpacking the Real Estate Appraisal Process
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#sellers
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If you're thinking of selling, the first question on your mind is almost certainly, "What's my home worth?" This is where a property appraisal comes in. It’s the essential first step in the selling journey, but how does an agent actually arrive at that figure? It’s a blend of hard data, local knowledge, and an understanding of the current market.
Appraisal vs. Valuation
First, it’s important to understand the
difference between an appraisal and a valuation. An appraisal is
an educated estimate of your property’s likely selling price, provided by a
licensed real estate agent. It’s used to help you set a realistic price and
develop a marketing strategy. A valuation is a more formal, legally binding
assessment of a property's value, typically performed by a qualified valuer for
a bank during the mortgage process.
How We Determine the Value
An agent’s appraisal is based on a Comparative
Market Analysis (CMA). Here’s what we look at:
- Recent Comparable Sales:
- Current Competition:
- Key Property Features:
- Current Market Conditions:
An online valuation tool can give you a
rough ballpark figure, but it can't see the beautiful new kitchen you just
installed or know that your street is quieter and more desirable than the next
one over. An experienced local agent’s insight is what turns data into an
accurate and strategic appraisal.
Curious about your property's current
market value? Book a confidential, obligation-free appraisal with the local
experts at C&R Realty today!
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Protecting Your Investment: The Power of a Routine Rental Inspection
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As a landlord, your property is one of your most significant assets. One of the most important services your property manager provides to protect this asset is the routine inspection. Far from being a way to "spy" on tenants, these inspections are a crucial tool for proactive maintenance, risk management, and ensuring the long-term value of your investment.
Buying an Apartment? How to Read a Strata Report Like A Pro
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#buyers
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When you buy a house, you're responsible for the land and building. When you buy an apartment, townhouse, or villa, you're buying into a community with shared ownership and responsibilities. The strata report is the official health check of this community and learning how to read it can save you from buying into a financial or legal nightmare.