Property valuation: Why a professional estate agent offers more than an online calculator
Anyone wishing to sell their property should opt for a professional property valuation. Online calculators often provide only rough estimates that do not take into account the specific characteristics of your property. A professional estate agent, on the other hand, offers a well-founded valuation that can have a positive impact on both the selling price and the time taken to sell.
Why property valuation isn’t straightforward
Accurately valuing a property is a complex process and depends on many factors. Online valuations are often based on just a few general figures, such as floor area or year of construction. A professional valuation, on the other hand, takes the following into account:
- Location and facilities: How attractive is the local area to buyers?
- Facilities and condition: Has the property been modernised, or is there a backlog of renovation work?
- Special features: Unusual room layouts or structural alterations that affect the value.
- Documents: Land register, modernisation certificates, declarations of division and tenancy agreements.
A professional estate agent not only inspects the property on site, but also many years’ market experience and understands local price trends. This expertise delivers accurate results that will help you achieve a successful sale.
Advantages of having a property valued by an estate agent
Unlike an online valuation tool, having your property valued by a professional estate agent offers key advantages:
- On-site inspection: An estate agent spots features and defects that cannot be identified online.
- Individual valuation methods: Depending on the property, different methods are used:
- Comparative value method: For flats and plots of land where there are many comparable properties.
- Asset value method: For houses with no comparable properties.
- Income capitalisation approach: For blocks of flats and commercial properties.
- Transparent document review: An estate agent checks important documents such as land registry extracts, renovation certificates and tenancy agreements to take all relevant factors into account.
How does a property valuation work?
A professional valuation is carried out in stages:
- Determination of the Property features on site
- Review of all relevant documents (e.g. land register, modernisation works, declarations of division)
- Determination of the the correct procedure (comparative value, asset value or income value)
- Creation of a well-founded market value as a basis for the sale
This approach ensures realistic asking prices, which make your property attractive to buyers and prevent unnecessary delays.
A free service for property owners
Anyone deciding to sell their home can benefit from a free property valuation offered by many professional estate agents. These experts have a good understanding of the local market and will provide you with an objective valuation.
✉️ Have your property professionally valued!
Would you like to know how much your property is really worth? Contact us now for a thorough valuation by our experts!
Robert Schüßler
Property valuer (EIA and IHK)
Legal notice: This article does not constitute tax or legal advice in individual cases. Please have the facts of your specific case reviewed by a solicitor and/or tax adviser.
Photo: © HayDmitriy/Depositphotos.com
