![]() ![]() ![]() Northmead is located 26-kilometres west of Sydney CBD and has the postcode of 2152 and forms part of Parramatta city council. Without actually seeing a property in person, it's difficult to know if the publicly available information on square footage and the property's features is accurate.Īlso, I mentioned earlier that a desktop valuation typically assumes that a property is in average condition, so it's unlikely to provide an accurate valuation for properties that are in poor condition, or those with brand-new renovations.26/18-24 Murray Street, Northmead NSW 2152 - Apartment For Rent - Homely Rent Northmead, NSW 2152 Apartments 2 Bedrooms 26/18-24 Murray Street +8 New Floor plans 26/18-24 Murray Street, Northmead NSW 2152 $550 per week 2 Bed 1 Bath 1 Car Apartment for rentNEW on Homely Available from: Fri 3 Feb Rental bond: $2,200 Request an inspectionNorthmead Free Standing Houses 5-Bedrooms 6 Peppercress Place, Northmead NSW 2152 Next inspection Saturday, 10:30am Floorplan Video 1 Virtual Tour Auction 6 Peppercress Place Northmead NSW 2152 5 2 2 House Can I afford this property? Calculate home loan repayments Property Features Ensuite Property Description Idyllic and Highly Coveted Setting market place omaha ne. The major drawback to a desktop valuation is that it makes a lot of assumptions. If you are planning to apply for a home equity line of credit, for instance, a desktop valuation may be all your lender requires. It is also a quicker and more hassle-free way to get a written estimate of a home's value.ĭesktop valuations are most accurate and useful for homes in average condition, and have become acceptable by many lenders for certain types of loans. ![]() A desktop valuation typically costs between $75 and $200, while a full appraisal can cost $500 or more. The most compelling reason to use a desktop valuation is the cost savings. Reasons to use a desktop valuation instead of a full appraisal In a full appraisal, the appraiser goes to the home, takes pictures and measurements, and thoroughly evaluates the condition of the property. The alternative to a desktop valuation is to order a full appraisal of the property. It's important to note that a desktop valuation does not include a physical inspection of the property, and can be completed without the appraiser leaving their desk - hence the use of the word "desktop." So, a home in a neighborhood where half of the homes are in foreclosure wouldn't be a great candidate for desktop valuation, nor would a rural property with no close neighbors. The appraiser will likely use tax records to find out information about the property, and will evaluate comparable sales ("comps") in the area to determine its value.īecause of the need for solid information about the property and the local real estate market, desktop valuations are typically performed on homes in established, stable neighborhoods where there is plenty of comparable sale data to evaluate. Here's what you need to know about desktop valuation, and why you might want to use one.Ī desktop valuation is a process performed by a licensed and certified real estate appraiser which uses publicly available information in order to assess the value of a property. The term is most often used when valuing real estate, but it can apply to valuing businesses as well. Desktop valuation refers to the process of determining the value of something with limited information, and is also known as a desktop appraisal. ![]()
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