Valuing your house

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Valuations are fundamental to achieving the right price if you are selling, buying or raising finance. The housing market will dictate the figure but finding the guide to get to that is not so easy.

Chartered Surveyors are likely to charge you for a formal survey and valuation for a bank. Estate agents will give you what they call a market appraisal for free. Beware of just getting one of these figures. They could be giving you a high ‘valuation’ in order to get your business and your house will sit on the market for so long it will become stale and achieve too low a price. Or they might give too low a figure so that they can get a quick sale without doing any work.

Consider looking at free internet sites who specialise in valuations over the net. Have a look at the land registry for comparable recent sales. Make sure you do your research thoroughly - your house is your most important financial asset.

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