An appraisal is a selling agent's evidence-based opinion of likely sale price. Market value is what a buyer actually pays on the day. A bank valuation is a licensed valuer's conservative figure used by a lender for loan security. All three are different and all three matter.
What is a property appraisal?
An appraisal is what I provide free of charge before you list. It is based on recent comparable sales, current buyer activity, presentation, and time of year. It is a forecast, not a legal figure. Jai, our AI assistant, gives you the fast data-driven guide. I confirm the accurate number after walking through your home.
What is market value?
Market value is the price a willing buyer pays a willing seller on the open market. It is only ever proven at sale. Auction is the cleanest test of market value because it forces buyer competition into a single moment.
What is a bank valuation?
A bank valuation is ordered by your lender when a buyer applies for finance. It is prepared by a licensed independent valuer and is deliberately conservative because it protects the bank's loan security. Bank valuations often come in below actual sale price, especially in rising markets.
Why do they disagree?
Timing, purpose and risk appetite differ. An appraisal looks forward. Market value happens in real time. A bank valuation looks backward at settled sales and shaves off a margin for safety.
Which one should you trust?
Use the appraisal to plan. Use market value to accept. Only worry about a bank valuation if a buyer's finance depends on it. If it comes in low, we deal with it directly.
Start with a free AI appraisal at /ai-appraisal for an instant guide, then I will follow up with the confirmed figure at /appraisal.
Frequently asked questions
Thinking of selling in Rochedale?
Get a free appraisal from Junaid Ally. Call 0410 218 499 or visit junaidally.com/appraisal.
