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Property valuations

  • 09-09-2015 1:16pm
    #1
    hairyslug
    Registered Users, Registered Users 2 Posts: 2,596 ✭✭✭


    How realistic are property valuations, we've had ours valued, it's what my wife reckoned we would get but a little bit higher than what I thought, do I start to get optimistic and looking at 5 beds in foxrock.


Comments

  • #2
    zac8
    Registered Users, Registered Users 2 Posts: 532 ✭✭✭zac8


    Just look on www.propertypriceregister.ie too see what houses in your area are actually selling for. Also get 3 valuations for your own property.


  • #3
    Rew
    Moderators, Sports Moderators Posts: 8,679 Mod ✭✭✭✭Rew


    Its someones opinion at the end of the day they only way to know is to put it on the market, PPR def a good bet but that price is the price agreed for another house at least 3 months prior to it going up online.


  • #4
    alastair
    Registered Users, Registered Users 2 Posts: 19,309 ✭✭✭✭alastair


    It's a guesstimate. Actual value depends on who's looking to buy at the time, if they have a competitor, if a similar property comes on the market at the same time, if sentiment is up or down, if a million other variables fall this way or that. PPR info is very useful, but make sure to chase down old ads for the listed properties to determine what sort of shape they were in / if they had added value of any kind.

    If valuations were really worthwhile we'd see few asking price drops or sale prices well over asking. As this clearly isn't the case - probably a minority of sales are at asking, you have to concede that market value is a pretty slippery thing to pin down.


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