DANIEL SMITHSHOALHAVEN PROPERTY

APPRAISALS • DANIEL'S TAKE

Online estimate vs a real property appraisal.

Online estimates can be useful for a quick reference point. The problem starts when a broad data estimate is treated as though someone has actually assessed the property.

An algorithm has not walked through your front door.

Automated estimates work from available property and sales data. They may not understand the renovation you completed, the condition of the home, the outlook, the layout, the quality of improvements or the things a buyer notices the moment they arrive.

Comparable sales still need context.

A nearby sale is not automatically a comparable sale. I want to know why it sold for that figure: land, condition, bedrooms, presentation, location within the suburb, buyer competition and how the campaign performed.

Data gives us a starting point. The property itself gives the number context.

You don't need to be selling to ask.

An appraisal can simply tell you where you stand. That can be useful for future planning, renovations, investment decisions or curiosity. If the property has changed since someone last saw it, the most useful assessment is one that takes those changes into account.

THE SIMPLE VERSION

Every property is different.

If you're weighing up what to do with yours, I'm happy to have a look and give you a straight answer based on the property, the local market and the buyers we're actually speaking with.

A QUESTION ABOUT YOUR PROPERTY?

Let's make it specific to your place.

General market information is useful. Your property, its condition, location and the buyers it is likely to attract are what give that information context. You don't need to be ready to sell to ask the question.