Thinking of Selling or Remortgaging? Why a Fresh Valuation Matters

For those looking to sell, a fresh valuation allows you to set a realistic asking price

Property values can fluctuate for a number of reasons, such as market conditions, changes in local infrastructure, or the condition of your home. A valuation will give you an accurate picture of your property's current worth, helping you make more informed choices moving forward.

For those looking to sell, a fresh valuation allows you to set a realistic asking price. Overpricing can lead to your property sitting on the market for too long, while underpricing may result in you leaving money on the table. An accurate valuation ensures that you can strike the right balance, attracting potential buyers without compromising on value. It also helps in understanding where your property stands in comparison to others in your area, giving you an edge in a competitive market.

If you’re thinking of remortgaging, a fresh valuation is just as important. Lenders will use this figure to determine how much you can borrow and at what interest rate. A higher valuation can mean access to better deals and more borrowing power, potentially saving you money in the long run. Conversely, if your property’s value has decreased, it may impact the loan-to-value ratio, which could result in higher interest rates or even difficulty securing a remortgage.

Having an up-to-date valuation also helps you plan for the future. Whether you want to make improvements to increase your property’s value or you’re evaluating the current equity you have, knowing exactly where your property stands is invaluable. To make the most out of selling or remortgaging, getting a fresh valuation is a smart move.

Reach out to us today for expert advice.

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