Assessing the market value of your house or flat.
If you’re a homeowner, the value of your house or flat will be at the forefront of your mind if you want to sell. Even more so if you want to sell your house quickly! This can become a source of great anxiety for many because you will be thinking, “the only way I know how to find out how much my house is worth is through an estate agent – and how do I know that they will give me a true valuation?!”. And this is largely true without the correct knowledge.
Estate agents have access to lots of market data through subscription databases that allow them to very quickly search for how much a house is worth. And they may want to give you a higher or lower figure to raise or lower your expectations. However, they are all based on pretty much the same key factors that you can research yourself quickly. This will give you a very good idea of how much your house is worth. Therefore in this article, Sell My House Quickly Leeds will give you a quick run down of how you can go about finding how much your house is worth quickly and accurately when you come to sell.
Find out if your house has gone up in value –Land Registry Data.
When you have decided that you want to sell your house the first place you should look is the Land Registry UK House Price Index. This will help you determine if house prices in your area have increased in value or decreased or roughly stayed the same since you bought it. Simply go to the homepage of the UK House Price Index and begin your search. You can narrow the search down to your city or town and then select the type of house that you want to sell i.e. detached house, semi-detached house, terrace house or flat/maisonettes. Change the time period to start in the month and year that you bought the house or flat up to the current day. This will give you a good idea of whether your house has increased in value.
After you have this information, you can calculate how much your house might be worth now. Do this by multiplying the price that you paid by the percentage that you have worked out from the Land Registry.
Compare sold properties in your area – Rightmove Sold Prices
The second way to determine the value of your house before you sell is to conduct a Rightmove search of similar sold prices in your area. Go to the Rightmove website and along the top options bar you will see a link to Sold Prices. Simply click through to the search engine and put in your postcode. This will bring up all the properties in your area that have been recently sold and the price paid. You can refine your search to make it more accurate. You should reduce the search area to ½ mile if and change the time period to the previous 12 months. Finally, make sure the property type is the same as your house that you want to sell and only look at properties that have the same number of bedrooms as your house or flat.
Compare properties that are on the market – Rightmove
The final way to help work out what you house is worth before you sell is to do a normal Rightmove search. Once again, go to Rightmove and search using your postcode. Reduce you search down to ½ a mile radius and ensure you have filtered the search to only show the same property type. For example, detached house, semi-detached house, terrace house or flat/maisonette and set the number of bedrooms to the same number as your house or flat. You will then be able to see all the houses or flats within your local area and how much they are selling for.
By now you should have a good idea of the market value of your house and you can see its quick to find out how much my house is worth. But there are a few more things that you must consider before you can confidently know what your house is worth when you sell. Other factors you should consider:
- Condition of the property i.e. age of kitchen, bathroom, any areas of damp that require treatment, age and condition of the roof, has value been added through an extension, age and last service of gas and electricity mains such as boiler and electricity meter etc.
- Proximity to transport routes such as easy access to motorways or main transport roads.
- Local schools in the area.
- Any amenities nearby such as shops or shopping centres, restaurants, pubs, and clubs (not too close, obviously!), local parks or recreational lakes, rivers and streams, walking areas.
- Local crime rates.
Find out how much my house is worth – Summary
You can quickly find out how much my house is worth before you sell your house. Here at Sell My House Quickly we will always base our prices on an ethical basis that meets all the needs of both the seller and the buyer. We are local to Leeds and our valuations are not made by a central team who don’t understand the area. We are the local Leeds property specialists. This means we will be in contact with you very quickly to help resolve any property worries – because we know it can be stressful when it comes to both buying and selling your house or flat.