If you’ve encountered some discrepancies in property details while using the Unloan Check A Property tool, you may be curious about the reasons for these slight differences. We’re here to clarify how and why these may occur.
We work with Domain who consolidate:
Government data records,
Verified information from real estate agents, and
Publicly available information available on data websites.
In instances where estimated property value is not available, it typically means that Domain weren’t able to provide information.
What could cause a property’s estimated value to be incorrect?
A property’s estimated value may not be accurate due to a number of reasons which could include:
Extensive renovations since its last sale
Unique characteristics
Quality of fit and finish
Historical data errors or neighbouring properties that can impact the estimate
The estimate is a starting point for a property’s value and can be supplemented with other information such as the property’s last price or recent sales in the area. For a more comprehensive appraisal, consider contacting a professional like a real estate agent or valuer.
Learn more about the difference between estimated property value and a property appraisal here.
In instances, where a property value estimate is not available, it typically means that Domain weren’t able to provide information. This limitation is due to insufficient relevant data for the property to be estimated, or a lack of comparable properties.
Can I change incorrect details about a property?
We are unable to change incorrect details about a property, please see more information about this from Domain here.