How to properly estimate your property: the key steps to follow

The valuation is an essential step in the process of selling a property. The goal is to sell at the best possible price within a reasonable time frame, while setting a price that is acceptable to buyers. Here are the essential steps and criteria for carrying out a fair and reliable valuation of your property.

Photo of a real estate property

Set a coherent price

It is essential to offer your property at the right price on the market, the one that results from a serious and reasoned estimate. This estimate must be based on two fundamental elements:

 

- Recent sales: Transactions actually carried out recently in your neighborhood. Similar properties in terms of surface area, condition, and location will give a precise idea of current market prices.

 

- Demand and the competitive environment: The price of your property must also take into account existing demand and competition. At the same address, the price can vary considerably between a large family apartment and a studio depending on the proximity of schools and the rarity of the property.

Take into account the characteristics of your property

Before defining the value of your property, several criteria must be taken into account, as they can significantly influence its value:

 

- Nature and condition of the property: The type of property, the quality of the insulation, the general condition (with or without work to be carried out) strongly affect its value.

 

- Surface area and layout: The surface area, the number of rooms and the interior layout directly impact the price of your property. A bright apartment with no loss of space will often be more valuable.

 

- The floor and exposure: If you are selling an apartment, the floor on which it is located and its brightness can influence its price. A property located on a high floor, offering a beautiful view and bathed in natural light, will generally be more attractive.

 

- Common areas and exceptional characteristics: For an apartment, the general condition of the common areas of the building must be considered. In addition, assets such as the presence of a balcony, a garden, a swimming pool, or a garage constitute exceptional characteristics that can increase the value of your property.

Location: a decisive criterion

Geographic location is often an essential criterion in estimating a property. Here are the elements to analyze:

 

- The neighborhood: The reputation of the neighborhood, the proximity to shops, schools, green spaces are factors that influence the value of your property.

 

- Transport and amenities: A property ideally located close to transport and properly served will be more sought after.

Compare, analyze, and ask for references

When you receive an estimate, be demanding and ask for the references on which it is based. Keep in mind that the prices displayed on online ads or in the windows of real estate agencies do not always reflect the real sale prices. This is why it is essential to rely on solid and up-to-date data.

The impact of the real estate market

It is also important to note that the value of your property is not always correlated with the price at which you bought it. The real estate market is constantly evolving based on supply and demand. Therefore, market fluctuations must be taken into account when estimating your property. A drop in interest rates, for example, can offer new perspectives to buyers and boost transactions.

 

Estimating a property requires an in-depth analysis of many factors, whether related to the property itself or its environment. Our teams, experts in their area, will guide you step by step in a reliable estimate to enable you to sell in the best conditions and at the best price.

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