Categorise the properties as inferior and superior

Once you find at least three or four properties that are similar to your property, the next step is to figure out which one is inferior and which one is superior. However, try to be objective in your decision. As discussed, there are a number of factors you should keep in mind, such as views, parking, living area, land size, location and standard of finishes when ranking the properties.

Valuers assigned by the lenders normally look at the building and land separately when finding the value of a property.

You need to find similar properties to work out the properties rough value.