Why is a real estate valuation so important, what and how is actually valued?

  • 2 years ago

When selling, buying or financing your real estate wishes, a sound valuation is essential. An essential aspect that owners who want to sell their property on their own usually underestimate. The real estate appraisal is your ticket to a successful sale of residential or commercial property. You can find out the "Why?" and "How?" here.

Selling a property involves many tasks and also requires thorough preparation. In addition to gathering documents, this also includes a property valuation. This forms the basis for the subsequent advertisements and negotiations. Accordingly, you should definitely have it done professionally. This is because various factors have an impact on prices.

As brokers, we know the respective points that need to be taken into account. Location, year of construction, need for renovation or the individual equipment we take into account as well as the current market. If required, you can request a Market value analysis online can be carried out. The information about your property will be included in the property valuation. Then arrange an inspection of the property with the broker you trust. We get an exact picture of your property, check the general condition, special characteristics of the property and all value-determining aspects, which we incorporate into a fact-based property valuation. Learn more in our downloadable guide Correct real estate pricehow such a calculation works.

 


Reasons for a real estate valuation

The real estate market is developing with a dynamic all of its own. Whereas in recent years we had become accustomed to the picture of a rapidly rising curve in real estate prices, the price barometer in 2022 shows a downward trend. Here, we can only speculate - as some experts do - whether this trend will continue in the coming years.

Against this background, assessing the value of real estate is a complex matter. Market and location analyses, among other things, are an essential foundation for reliable statements here, insofar as they refer to current economic data and comparative values in a region. In larger cities and communities, real estate prices are particularly dependent on location (district, popular residential area, micro-location), size or quality of living, which also includes questions about infrastructure such as traffic routes, schools, shopping facilities, medical care. In addition, there are the individual characteristics (architecture, room layout, possible uses) and special equipment qualities of a property. All value-determining aspects are included in a property valuation. As real estate agents, we are also familiar with the various valuation procedures required by law. A Property appraisal also takes into account building land or associated areas.

No real estate transfer without a well-founded real estate valuation: owners receive a reliable orientation at a market-realistic offer price before the sale, prospective buyers and capital investors are offered a transparent, fact-oriented and detailed valuation as an important basis for deciding on their future investments.

In some financial or legal contexts, a real estate appraisal is essential. This applies, for example, to the sale of real estate in the case of an inheritance or a divorce. Here, in addition to a real estate appraisal, an expert opinion is sometimes required that is officially recognized and will stand up in court. As brokers, we can also help owners in such complex contexts through our cross-sector partner network.

 

How does a real estate appraisal work?

Have a valuation carried out exclusively by professionals in order to obtain a reliable assessment. Please also have a look at our Real estate value guide, to acquire the most important information on the subject. We know the current market, its development and the respective prices. In our tool, you can perform an initial analysis online. Here, the respective factors mentioned above are included in the assessment and algorithms then determine an approximate value. For a more accurate assessment, we come directly to you. Take at any time Contact contact us and make an appointment. Feel free to ask questions about the valuation process or your sale beforehand. We will call you back if necessary and conduct a non-binding preliminary discussion. Let us give you qualified advice.

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