Five tips for accurate home valuations

The National Association of Estate Agents (NAEA) has published a list of five tips for accurate home valuations, giving householders the ability to ensure their property is put on the market at the right price.

One of the recommendations is to put yourself in the buyer's shoes, particularly in terms of ignoring the sentimental value attached to a house full of happy memories.

Being similarly realistic about how much you would be willing to accept is a further suggestion made - including both the amount you would hope to receive and the minimum level at which you would sell.

Speaking to professionals is recommended to learn the latest market information - for example, the NAEA's members reported a surge in demand in the run-up to Easter that could have helped drive prices higher.

This ties into the fourth suggestion, which is to track price trends over time and adjust valuations accordingly, although the fifth tip is to remember that prices are locally dependent, so the national average might not apply to a given town or street.

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