A WOZ value is a recorded assessment with its own date and context. Look at the associated year or reference date, not just the amount.
It is not a current valuation
The WOZ, a previous purchase price and today’s asking price serve different purposes and refer to different moments. They do not automatically establish what the home is worth now. Condition, maintenance, location, rights and market conditions can differ.
Past increases do not guarantee future growth. The report’s overall score is not a price recommendation either. Avoid turning a fixed percentage above or below the WOZ into an automatic offer.
Better questions to ask
- Which date does this value relate to?
- Which recent, genuinely comparable transactions are relevant?
- What maintenance, leasehold or owners’ association costs are still uncertain?
- Do I need a separate valuation for my financing or decision?
Discuss an offer and financing with your own advisers. Biedbril does not give personal financial advice or establish a guaranteed market value. If the amount or registered object looks wrong, see reporting a discrepancy.