Valuing a property accurately is crucial, whether you're buying, selling, refinancing, or investing. Common mistakes to avoid when valuing a property include: Overvaluing emotional attachments: Emotional attachment to a property can cloud judgment and lead to an inflated value. It's important to base your valuation on objective factors. Ignoring comparable sales (comps): Failing to research recent sales of similar properties in the same area can lead to inaccurate valuations. Comparable sales provide a benchmark for property values. Not considering location: Location has a significant impact on property value. Overlooking factors like neighborhood quality, proximity to amenities, schools, and public transport can lead to valuation errors. Neglecting property condition: The condition of a property can greatly affect its value. Failing to account for needed repairs or upgrades can result in an overvalued or undervalued property. Relying solely on online estimates: