How do you determine a property's value?  A huge part of our job as agents is assessing the current market value of a property, but how exactly do we go about it? And how does an appraisal differ from a valuation? 

In this episode Lachy and Matt discuss the process involved in determining the price of a property, how to differentiate between a logical value and an emotional or market value, and why both of these can differ significantly from the online property price estimates available through your bank and the major real estate websites.