FAQ
If you have any questions about anything, whether it be Real Estate jargon or Real Estate practices, we've got you covered!
What's an appraisal?
An appraisal is a free, no-obligation assessment of what your property may be worth in today’s market. It’s based on recent local sales, current buyer demand, and the unique features of your home. An appraisal is purely informational. There’s no pressure to sell. Many homeowners use it to plan ahead, understand their equity, or simply stay informed about the market.
How does an auction work?
An auction is a transparent way to sell a property, with buyers competing openly on a set date. Before the auction, the home is marketed, and open homes are held so buyers can view the property and complete their due diligence. On auction day, registered buyers bid publicly. If bidding reaches or exceeds the seller’s reserve price, the property is sold unconditionally to the highest bidder. If it doesn’t reach reserve, negotiations can continue afterwards. Auctions can be an effective method when there is strong buyer interest, as they create urgency and clarity for both buyers and sellers.
How does a tender work?
A tender is a sale method where buyers submit confidential written offers by a set deadline. The seller reviews all offers and chooses the one that best suits their price and terms, or may negotiate with one or more buyers.
Is a CV accurate?
A CV (Capital Value) is the value assigned to your property by the local council for rating purposes. It’s updated periodically and is based on mass assessments, so it doesn’t always reflect what your home would sell for in today’s market.