A property valuation is an estimate of the price you can achieve for your property in the current market. Our real estate agents are specialists in answering the ‘how much is my home worth?’ question and do it by comparing similar recently sold properties. The closer they can match your property to others sold in the area, the more accurate the appraisal is. Agents also consider current competition, market trends, and the property’s condition. Therefore, property valuation is an excellent way to understand your home’s potential market value.

Our real estate experts take into account all individual characteristics and features of your property and give a fair estimate of your property’s worth. Our real estate professionals combine expertise and market knowledge, including local demand and achieved prices, to help you sell your property for the best possible price. We provide a thorough report of how yourhome compares to others and the number of other properties up for sale in your area. The key to a successful sale is accurate pricing to generate viewings and interest from buyers. An over-ambitious valuation deters buyers, prolongs the sale process, and almost always, in the long term, results in a lower selling price. 

There are different methods available for determining the value of your property. As a rule, a distinction is made between three approaches: 

• The sales comparison approach is usually used for private residential properties for which comparable properties exist. Comparable, in this case, means that the properties are similar in terms of location, features, size, and layout.
• The cost approach is used for residential properties with too few or no comparable properties on the market. This approach involves calculating what it would cost to build the property to be valued. The property valuation is then determined by subtracting the depreciation that has occurred. 
• The income approach is applied if the property is rented or used commercially. This involves calculating how much income can be expected from the property. For this reason, this approach is particularly interesting for properties intended to serve as capital investments.

Several factors influence the price at which a property can be offered on the market. These are:

• Location of the property
• Property size
• Number of rooms
• Age, building structure and condition
• Additional features (pool, terrace, garden, garage, etc.)
• Ease of access
• Overall presentation
• Market conditions and recent local sales

In addition, features such as the architectural style of a building can also have a significant impact on the price of the property. Elements such as designer furniture and decor can further boost demand and increase the value of a property.

We recommend our free valuation if:

• You are considering selling your property and would like an overview of the market situation.
• You would like to get an idea of how much you can expect to get for your property.

We recommend a formal valuation if:

• You would like to find out the exact value of your property, considering all its features.
• You need financing and an official valuation for bank purposes.

A Certified Practicing Valuer performs a formal property valuation for an agreed fee. Generally, valuers will use one of three methods to value your property: a direct comparison, capitalization, or summation. In addition, they will inspect the property, conduct research and analysis into the local market and provide a detailed report regarding issues affecting the property’s current market value.

Formal valuation reports are required for several reasons, most often transactional (buying or selling a property), secured finance (mortgage purposes), or audit (company balance sheet). For example, a property valuation service is commonly required by a bank or financial institutionbefore approving a home loan. It is also used by buyers and sellers wanting an independent opinion before pre-purchase or pre-sale, family or partnership settlement, capital gains tax, and in some instances, building insurance.