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. For a rough idea, use free tools on Homes.co.nz to view past sales and the HomesEstimate. A free real estate appraisal from an agent offers a better indication of market value, though it may be optimistic.

For the most accurate assessment, a paid report from a registered valuer is best and often required by banks for lending. Ultimately, a property's true value is only confirmed by what a buyer pays.

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