Before you put an offer on your dream house or unit, it's in your best interest to get a pre-purchase valuation. Majority of people get a pest inspection and building inspection before they purchase, which is recommended, but the most important thing is the price, then the property's state of repair, or what you may have to spend to get the property up to scratch. This is especially important when entering a private sale negotiation. For peace of mind, why pay over current market value? A pre-purchase valuation is commonly used a negotiation tool between parties.
The current market anyone thinking of selling should seriously consider a pre-sale valuation. Real Estate Agents offer free market appraisals but most agents are predominately marketers, experts in advertising, marketing and negotiating the best price for your property. Before you get an agent in to assess your property, think about an independent pre-sale valuation. A pre-sale valuation gives you a single figure, a starting point you can compare with prospective listing agents appraisals or just assess the current equity you have in your house or unit.