Obtaining A Property Report

A property report is crucial to the selling process

, as it helps buyers and sellers understand important information that can help determine the price of a home and reveal what the surrounding neighbourhood is like.

Obtaining a property report is rather simple, as there are many places that provide this kind of service. There are also different types of property reports, such as a suburb sales history report or an individual property report.

What is Included in a Property Report?

You will see average sale prices that the surrounding properties are going for, which can be indicative of the ballpark figure your home may sell at.

Other information which is included in the report can cover off these sorts of topics:

Median unit prices

Property identification

An area map

Forecast for 12 months of price estimation

Recent property sales in your neighbourhood

Demographic information such as employment rate, population, etc

Property sketch, including dimensions

Property boundaries

Government and state electorates

Other Reasons for Obtaining a Property Report

Its true that the purchase of your home will be one of the most important financial decisions in your life, due to the fact that over half of your wealth is invested in your abode. If you are refinancing, buying or selling your home, you should have precise numbers to work with, which property reports can provide.

Where to Obtain Property Reports

The easiest option is to go online, as there are many companies dedicated to finding you the most accurate information and can offer a wealth of accessible resources.

These property reports are often used to arm the buyer and vendor with as much information as possible when making a huge financial decision. By purchasing a property report with more detailed information, it will provide facts and figures to guide you sourced from expert analysts in the field.

Be wary before you purchase any property report, always check to see that the company you buy one from is reputable and if youre unsure, contact the real estate governing body in your area.

While a property report may be seen as an added expense, in the long run, this valuable information can help you sell your home much faster as it will be based on market value rather than a random figure.

by: Cindy Melvin

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