The Highest Property Appraisal Is Not Always the Best Appraisal

A property appraisal should not be judged only by who gives the highest number.

In NSW, an agent's estimated selling price must be reasonable and supported by evidence.

Useful evidence can include recent comparable sales, location, the property's characteristics and features, and current market conditions.

A simple question for any agent is: “What evidence supports this price?”

VI: Định giá tốt không chỉ là con số cao nhất. Hãy hỏi bằng chứng nào hỗ trợ mức giá đó — nhà tương tự đã bán, vị trí, tình trạng căn nhà và thị trường hiện tại.

If the market changes and the original estimate is no longer reasonable, the estimate may need to be updated.

Want an evidence-based property review? Message APPRAISAL with your suburb and property type.

General information only. An appraisal is an estimate, not a formal valuation and no sale price is guaranteed.

Thao Pham | Class 1 Licensed Real Estate Agent — Licence No. 20375265 | 0452 526 888