Your Valuation queries answered

by | Aug 22, 2023 | House Market, Valuation

In the dynamic property market, where every decision counts, understanding the true value of your home forms the cornerstone of success. Nuttall Parker, extends a guiding hand through its expert home valuation services. At the heart of their mission lies a singular goal: to provide homeowners with precise, market-informed property valuations, ultimately setting the stage for a seamless journey toward a successful home sale.

Here we cover some of our sellers frequently asked questions when it comes to looking to sell their home and looking for the true value of their property.

How do I get a Valuation?

Utilising an online tool designed for home valuation represents the swiftest and simplest method to obtain a preliminary approximation of your property’s value. While it may not match the precision of an evaluation from an estate agent, it serves as a solid starting point, especially when you lack a clear understanding of your home’s potential worth. You can always start off by getting an estimate through a free online home valuation tool that gives you a rough idea of what your home is worth. 

How much does it cost for a Valuation?

The majority of estate agents offer valuation services without any charge. This process is typically included as a standard part of their offerings and additionally serves as a chance for them to introduce their services to you. By offering a valuation, you may opt to engage with the agency for the purpose of selling your home.

Can I receive a Valuation for my house without the intention of selling?

At Nuttall Parker we offer property valuation services without any associated obligations. This implies that we can visit your property, thoroughly inspect every area, and provide you with a precise valuation, even if you have no plans to sell your house or employ our services as your agent.

How long does a Valuation take?

Generally, a Valuation with Nuttall Parker takes around one hour, although this does depend on the arrangement and size of your property.

One of our agents would come to your home at a pre-agreed time to be shown the property. Here they will look at both the exterior and interior of the home, as well as asking you questions on items such as redecorations, any renovations or whether you have had new installations (boiler, electrics etc).

Is a house Valuation worthwhile?

A precise house valuation can have additional benefits, such as aiding in your mortgage application. The determined value of the property plays a role in shaping the offer you are inclined to present. Subsequently, this offer is taken into consideration during mortgage pre-approval or any potential offers you may receive. This process facilitates a better understanding of your affordability.

Also important depending on the current market trends, so a house valuation is most relevant the month you do it in.

What happens if a house is appraised at a lower value than the offered price?

If the valuation of your property by the buyer’s mortgage provider is lower than the agreed-upon offer, it will impact the amount of financing they are prepared to provide. This is due to the fact that the mortgage amount accessible to the buyer is a portion of either the purchase price or the lender’s assessed value, whichever is lesser.

Is it possible to negotiate the house price after a valuation?

Certainly, the condition of a property significantly influences its price, and consequently, the outcomes of a survey can have a significant impact. If any problems are identified, as a seller, you retain the full right to reopen negotiations regarding your offer.

Nuttall Parker’s commitment to accuracy and insight empowers homeowners to make informed choices and transform their property aspirations into reality. Have any more questions? Contact us, or have a  look at our  free instant online valuations, just enter your postcode below for an indication of what your property is worth, or give us a call to talk to one of our valuation experts.