- April 4, 2024
- Reading time about 5 minutes
Have you got a property to sell and aren’t sure what the right market price is for it?
You aren’t alone. Many sellers out there aren’t sure if they are valuing their property accurately. Let’s accept it—it’s not every day you sell your house or properties. It’s natural to get confused about whether you are on the right track while estimating the right worth of your property.
Property valuation tools have emerged as the best companions for home sellers who want to know the real worth of their property. This blog will discuss how property value estimators can simplify the selling process and streamline real estate transactions.
Understanding Property Value Estimators
Property value estimators are tech-driven tools developed to assist homeowners in estimating their property’s worth based on different parameters. The advanced algorithms and real-time analytics generate accurate valuations, allowing sellers to set competitive pricing for their properties.
BidHom’s property value estimator is an AI-powered tool that’s interactive, user-friendly, and can assist you in real-time in knowing the worth of your property. Let’s see how it works.
Why Use Property Value Estimators?
Property value estimators have an array of benefits for sellers. From giving accurate valuations to learning the industry norms, it helps sellers broaden their perspective. Let’s discuss the top benefits of property value estimators.
Accurate and Genuine Valuation
Property value estimation tools like BidHom use sophisticated algorithms to offer accurate estimates of different types of properties. By analyzing vast amounts of data, like recent sales transactions and market trends, such tools provide authentic market value.
Safety from Manipulations
Pricing manipulation through market dominance and excessive negotiations isn’t a new thing. Sellers often end up undervaluing their property’s worth due to such influencing factors. Property value estimators like BidHom are free from such manipulations and offer the true value of your property.
Save Time and Effort
Defining your property’s value requires extensive research and analysis, taking considerable time and effort. Property value estimators offer instant valuation within a few clicks, allowing sellers to focus on other important aspects.
Confident Selling
Knowing the right price helps sellers move toward new ways of selling, such as online listings or auctions, more confidently. They can set the starting bid and reserve amounts wisely and negotiate from their place of knowledge.
Informed Decision-Making
Equipped with accurate property valuations, sellers can make more informed decisions regarding pricing strategies, marketing approaches, and negotiation tactics. This helps optimize the selling process and maximize returns on investment.
Now let’s have a closer look at BidHom’s property value estimator tool. It’s easy to use and accurate.
How BidHom’s Property Estimator Tool Works?
It’s a five-step convenience to discover the right price for your property. All you have to do is answer some simple questions. Let’s find out how.
Tell us about your property type and address
It’s a single click kickstart with BidHom’s property estimator tool. You can select your property type—residential, commercial, or land. Next, you have to provide us with your property address so that BidHom’s algorithm can pinpoint the location and gather relevant data.
Share your property details
Our property estimator tool will ask you some specific details about your property, such as the number of rooms, parking availability, heating system, recent repairs or renovations, roof type, and neighborhood. These details affect the value of a property greatly and help our tool weigh all factors.
Upload photos and documents
To understand the interior and exterior of your property, you’ll be asked to upload photos and relevant documents. You may upload images, floor plans, property surveys, and any maintenance records for our tool to reach more accurate pricing.
Share some additional information
Depending on the information you’ve shared so far, BidHom’s property estimator tool may ask you some additional questions to further refine its valuation. These questions may revolve around a property’s age, condition, upgrades, or any unique selling points.
Get your price
Sit tight while our tool generates a comprehensive valuation report, revealing the estimated market value of your property. This valuation will prove to be a useful reference point when negotiating with potential buyers.
This simple interaction with our property value estimator tool will let you know the true worth of your property, helping you make an informed decision.
BidHom’s Accurate Property Estimation
Whether you’re planning to sell a house, apartment, or commercial property, BidHom’s property value estimator can smooth your selling journey by solving one of the biggest pain points. Knowing what your property is worth streamlines every step further. You can pitch your listing in the right places for the right amount and negotiate with confidence. It also helps you decide your marketing strategy.
After knowing the estimated value of your property, you may list it on a real estate website or set up an auction on a real estate auction software. These digital upgrades will help you reach a wider set of audiences and increase your chances of getting the best and highest offer. BidHom is a leading online auction platform that allows you to know the value of your property through its estimator tool and further sell it on your terms. The transparency offered by the platform is unmatchable and can foster instant trust with potential buyers. If you are a homeowner wanting to sell your house, get started with BidHom today.
