Online Property Appraisals

No. Online property appraisals are a type of informal appraisal that cannot be enforced by the law. The information provided in your online appraisal may be used as a guide for the sale price of your property.

However, online appraisals cannot be used when remortgaging or valuing your property with financial institutions such as banks. Online property appraisals also cannot be used to calculate stamp duty, capital gains tax and property taxes for your home.

Online property appraisals are an efficient way to estimate the value of your property in today’s market. However, online appraisals cannot provide the exact value of your property.

Because online property appraisals are created virtually, they do not take into account important physical features of your property that may affect its true value. These features include the following.

• Structural damage.
• Aesthetic features like chipped paint, carpets, floorboards, etc.
• Plumbing issues.
• Electrical issues.
• Necessary renovations or repairs.
• Garden features.
• Unique structural features.

While virtual valuations can be used to determine whether it’s worth selling your property, we recommend booking an in-person property appraisal if you believe any of the above features could positively or negatively affect its actual value.

For example, while the size of your home will be taken into consideration as part of your virtual appraisal, recent renovations such as improvements to bathrooms, kitchens and outdoor areas will not be considered. These important factors can increase the value of your property.

Not sure if an online property appraisal is right for you? We’re here to help. Get in touch with our team of property experts today and we’ll help you choose the right type of appraisal for your home. Contact us today.

There are several reasons to choose a virtual appraisal for your home.

1. They’re fast. Virtual appraisals don’t require an in-person inspection of your property, which makes them much quicker to complete than a regular appraisal. This is also a great option for anyone working on a busy schedule.
   
   
2. They’re affordable. Virtual appraisals are much simpler and quicker to complete than in-person appraisals, which makes them a cost-effective way to gather information before selling your property. If you’re unsure if it’s the right time to sell, an online property valuation can give you the information you need for a lower price.
   
   
3. They help you make decisions. Not sure if selling is the right move for you? An online property valuation can give you a ballpark figure for the sale price of your home. This can help determine whether or not it’s worth it to sell your home at the current market.
   
   
4. They provide market insights for your area. Virtual appraisals incorporate market trends and local insights about your area when valuing your property. This gives you an idea of how much your area has increased or decreased in value since your initial purchase.

So, what type of appraisal is right for you? If you need to know the exact value of your property, we recommend choosing a property appraisal. In-personal appraisals also take into consideration the physical features of your home such as its visual appeal, unique features and aesthetic improvements.

For a fast, efficient estimate of your property’s value as determined by market trends, an online property appraisal could be the way to go. An online appraisal can be an effective tool in the early stages of selling your home, as long as you’re aware of its limitations.

Contact our property experts and set up a comprehensive property valuation for your home today.

Selling your property can be a daunting process if you don’t have the right partner on your side. At Arnold Property, we’ll help you through the process with expert advice, dedicated care and unmatched local knowledge.

Take a look at our tips for where to start with selling your property.

1. Get your property market-ready. Now’s the time to fix any urgent maintenance issues and make any quick renovations that can boost the value of your property.
   
   
2. Get in touch with Arnold Property. We’ll advise you only important steps to take before your home is ready for sale.
   
   
3. Choose your sales method. There are two ways to sell your home — through private treaty or by auction. We’ll discuss your options and determine the best choice for your property.
   
   
4. Set your price. We’ll help you determine the right price for your home before it goes to market.
   
   
5. Prepare a contract of sale. You’ll need the help of a conveyancer or solicitor to draw up a sales contract for your property.
   
   
6. Prepare to discharge your mortgage. If your property has a mortgage, you’ll need to prepare a discharge of mortgage form for your lender. This can take a few weeks to complete, so we recommend doing this as soon as possible.

Need help? Contact our property experts and get ready to sell with Arnold Property.

At Arnold Property, we go above and beyond for all our clients. As a Newcastle-born-and-bred business, our local area knowledge is unmatched. From assessing market trends to providing the best expertise on local area features, we’ve got the skills, experience and know-how to get the best result for your property.

From buying to renting, selling, property appraisals or becoming your own landlord, our friendly, professional team will be with you every step of the way. We’ll answer all your property questions to ensure you feel comfortable, supported and confident through the entire process.

We use our connections with local agents as well as our comprehensive network of candidates to find the right buyer or tenant for your home. Whether you’re looking for a fast sale or a comprehensive property assessment, we’re the realtors you need on your side.

Contact our real estate agents today.