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

Curious about a property's worth? You have several options, from free estimates to paid reports, varying in accuracy.

For a good starting point, use free tools like the Homes.co.nz HomesEstimate, research comparable sales, or get a real estate appraisal. For the most accurate figure, often required by banks, a paid valuation from a registered valuer is essential.

Ultimately, the only way to know a property's true value is to sell it and let the market decide.

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