Selling guide

Property valuations NZ: 6 ways to know a property’s worth

Ranked from least to most accurate

Ben Tutty
Last updated: 10 October 2024 | 5 min read
AI

AI summary

Determining a property's worth involves several methods with varying accuracy. Free tools on Homes.co.nz, like the HomesEstimate and past sales data, offer a great starting point. For a more detailed view, research recent sales of comparable local properties or get a free agent appraisal.

For the most accurate assessment, often required by banks for lending, engage a registered valuer for a comprehensive report. Ultimately, a property's true value is only confirmed when it is sold on the market.

1. Look at past sale prices – Best for nosy parkers

2. Check Homes.co.nz – A good starting point

3. Research sales of similar homes in the area – The next step

4. Get a real estate appraisal – An indication of market value

The only way to know for sure what your home is worth is to sell it.

4. Get a real estate appraisal – An indication of market value

5. Pay for a valuation – The most accurate option

6. Let the market decide – The only way to know for sure

Author

Ben Tutty Ben Tutty
Content Writer