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 value can be done in several ways. For a free, initial idea, use Homes.co.nz to view past sales and the automated HomesEstimate. You can also research comparable local sales or get a free appraisal from a real estate agent.

For the most accurate assessment, often required by banks, a paid report from a registered valuer is your best option. However, the truest measure of a home's worth is what a buyer will pay for it.

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