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Tool Tip
The confidence rating is calculated based upon the amount of sales data there is in a certain council area. The higher the rating, the more data there is available to compare it against. For example, a rating of A has the most data and a rating of D has the least.
Online tools like this are a great starting point when researching how much your property is worth. To determine the value, they use an algorithm to analyse the impact of recent similar local sales combined with property records. The greater the volume of recent comparable sales, the more accurate the estimation. In our case, we use data provided to us by the Real Estate Institute of NZ, which is the source of the most recent, complete and accurate real estate data in New Zealand.
In contrast to online models, a real estate agent will visit your property to get an in-depth understanding of all its features. They’ll use this, recent sales and local knowledge to provide a valuation of the expected selling price. Then, they’ll work with you to determine a marketing plan for your property and act as your ‘negotiator for hire’ to get you the maximum price from buyers currently in the market.
If you’re serious about selling your property, then the next step is to get a sighted valuation of your property and work with an agent to design a campaign for its sale. We’d love to be on your team.
