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What are you getting: Valuation, Appraisal or Market opinion

When potential sellers ring an agency, they normally ask for a valuation on their property. Agents generally use the term of appraisal. Both terms is neither technically accurate as only registered valuers can legally provide a valuation or an appraisal. The reason for this is that a valuers determination of value can be relied in court. An agent in fact, can merely provide an opinion based on other sales in the area. The difference is crucial.  Most agents are actually trying to do the right thing to the best of their ability, but you do need to be careful. For more information visit our Free E-Book: How to sell your home for more in today’s market. Mosman-2-04-WR-721x456