How to value a House for Sale?

1
How to Estimate The Value of a House

• ESTIMATING HOUSE VALUE REQUIRES RESEARCH
• AND MARKET KNOWLEDGE.
• http//www.xelonline.com/estimating-house-value

2
Methods to Value a House

• Check comparable property prices
• Check historic property prices
• Check property characteristics to determine its
  type.

3
Check Comparable House Prices

• Check how much similar houses are selling for on
  the same street.
• Determine the price trends in the area.
• Assess the overall market trend of the property
  market. Is the market on a rise or is there a
  downturn in the market?

4
Check property characteristics

• Some of the main characteristics to note when
  comparing properties are
• Number of bedrooms
• Number of bathrooms
• Property size.
• Number of bathrooms
• Property type for example for UK properties, is
  it a terrace, semi detached, detached house. Is
  it an apartment or a condo etc.
• Other features to note include type of windows,
  heating or air conditioning, overall condition of
  property, external space condition, whether it
  has a garage, or off street parking etc.

5
Other Rules

• There are some rules that can be applied to
  arrive at the final property price.
• For example, if the house for sale has an extra
  bedroom than the one on the market then money can
  be added onto the price.
• The location of the property also plays a part in
  the price. Check location desirability in
  comparison to the others being sold.

6
Further checks

• For more detailed information on how to determine
  the price of a house visit
• http//www.xelonline.com/estimating-house-value