How much will I get for my property?

3 min.

This article was published on January 25, 2020 and may contain outdated information.
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How much your own home cost when you bought it, most homeowners still know. But how much the house is worth now is worth now makes many owners uncertain. Because if you set too high a price too high may not find a buyer. And if you set it too low you are missing out on money. Or can setting a slightly lower price lower price bring advantages after all?

Given the current real estate prices, more and more owners are considering selling their home before prices fall again. fall again. They are wondering how much they can get for their home. Just as just as a price that is too high drives away potential buyers, a a lower price creates massively increased demand. More buyers give the seller room to negotiate. For example For example, a bidding process can be carried out. This often generates higher prices than are usual on the market. Once you have fallen in love with the house or apartment is reluctant to lose it to other bidders. other bidders. This pays off for the seller.

However, it is advisable to consult a real estate expert for this. to do this. Because in order to set the right price, you need expert knowledge, knowledge of the current situation on the real estate market and a lot of experience. In order to work with the owner to determine the price together with the owner, many local market factors have to be must be taken into account. This is only possible with an expert who deals with local with local price dynamics on a daily basis.

The valuation of a property is determined by various criteria determined. The most important include: Location, plot size, proportion of common areas, living space, type of property, standard of furnishings, year of construction, renovations and structural changes and structural alterations, the market situation and special features.

There are three different methods for determining the value of a property different methods depending on the type of property: the comparative value comparative value method, the asset value method and the capitalized earnings value method. The The comparative value method is generally used for undeveloped land and owner-occupied and condominiums, for which there are usually several comparable properties. properties. For the sale of houses for which there are no comparable comparable properties, the valuation is carried out using the property value method. The income capitalization approach is used for multi-family houses and commercial properties, where the aim is to generate a return and not for own use.

For an initial indication of what the property is worth, online valuations can also be used, online valuations can also be used. Here, average values and average values and price ranges can be determined in just a few minutes. But caution: the average values can differ considerably from the actual value of your own property. This is because whether a property is of high or "normal" is subjective. That is why there is no substitute for property on site by a local market expert cannot be replaced.

Would you like to know how much your property is worth? Please contact us. We will be happy to value your property.

Photo: © siraanamwong

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