Freddy Finance
What is Your House Worth Now For a Remortgage –
A Step by Step Guide?
The main thing to think about when estimating the value of your home for remortgage purposes is not to rely on an estate agent to give a true valuation of your property for remortgage purposes. The estate agent will over or undervalues your property for their own gain, i.e. what’s going to make “them” the most money or bring the money in quickly.
Things to think about when think of valuing your property for a remortgage:
- Your local area
- What have houses similar to yours sold for
- The value of properties on sales today in your area
Things not to put in the equation of valuing your home:
- How much you paid for the house
- What you have paid out on improvements
- What you would like to sell it for
So what should you consider when valuing your home?
- Your house is only worth what a buyer will pay for it
- What are similar properties worth?
- What are similar properties selling for?
- Are houses selling in your area?
Useful places to look:
Please note – Both the Land registry and Home Tracker charge for their online services.
If you want to remortgage and someone to assist in estimating the valuation speak to a broker, they act independently and will realistically estimate the value of your home to assist in gaining a remortgage for you. See How to remortgage
