Updated: Mar 11, 2022
The short answer’s easy: A house is worth whatever someone will pay for it.
The longer answer depends on the market and whether you’re asking as a Buyer or an agent. But why take their word for it?
Knowing how to calculate your home’s value with the help of online tools and trained licence agents prepares you to buy, sell, refinance, tap into your home’s equity or even negotiate lower property monthly repayments.
**Free online home valuation tools you can use are as follow. There are a variety of online home valuation tools which you can use for free. However, these online tools offer an indicative value, which is an estimation. The estimated valuation is derived by considering the average price of properities similar that has been transacted in recent months.
SRX X-Value Pricing: Provides different ways to help you price your home. Use X-Value for Real-Time Property Appraisal.
Paid valuations however allows you to get an actual value of your house. These can be done by engaging a professional and licensed surveyor or valuer to come down to your home. It will help you to price your property fairly and not over or undersell it.