Estimate Your Houses Value: A Step by Step Guide

Are you desperately in need of some cash that can help you to finance your plans? Remortgage option is considered as the best option for those who already have a house that they can use as equity and repay all their payments.

However, the first thing comes to your mind is whether your house really has the value to get you the right remortgage amount. The next thing that comes to your mind is that you will need to get in touch with a real estate agent that will give you the correct estimate value of your house but that is something that you should not do because real estate agents will never show you the right value of your house for their personal gains and going for self help research is the right thing to do.

Of course, you are not an expert to do that on your own but here is a step by step guide of how you can find out the true value of your house.

When you are valuing your property for remortgage the first thing that you should consider is your local area. Every area has a different price range depending on various factors like proximity to railway stations and different roads and other necessary things like hospitals, schools and so on. The next thing that you can look out for is the price at which various houses in your area were sold. This will give you a good estimate of how much your house value is. The third thing that you need to checkout is the value of properties on sales in your area in current scenario.

Don’t think about how much money you paid for the house when you initially bought it because nobody cares about it, except you. Additionally, you should not think about how much you spend on improving the interior of your house because that is something that you did for your convenience and none of the buyers will be interested in that. Never think of a fixed price factor in your mind because buyers think differently when they are buying your house.

Hence, the only thing we should think about is that your house is worth the amount the buyers are ready to pay. You can also aim for the same price that other properties are being sold out for in your locality and area. There are many property related sites where you can find more information like.

www.landregistry.co.uk

www.hometrack.co.uk

www.rightmove.co.uk

Please note that some of the sites mentioned here charge you for their online services. If you are not sure about remortgage you can go for some professional independent remortgage broker who can assist you with the entire process.

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Within the last 12 months, have you (or 2nd applicant) missed loan/mortgage repayments, declared bankruptcy or had a CCJ or IVA? If yes - we can still help.

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