How much is my house worth? Determine the right price
Many owners still know the original purchase price of their own home. But what about the current value? Too high a price deters buyers, too low a price leaves money lying around. Or can a lower starting price even bring advantages?
Why a low price can make strategic sense
A price that is too high can scare away potential buyers, but a lower price increases demand considerably. More buyers offer the seller advantages:
- Room for negotiation due to high demand
- Possibility of a Bidding process, where the price is driven up
- Prospective buyers who have already „fallen in love“ do not want to lose the property to other bidders
The result: A bidding process often results in higher sales prices than the market otherwise offers.
The role of an expert: setting the optimum price
A property expert brings knowledge and experience to help you find the ideal Entry price to be determined. Numerous factors are taken into account, including
- Location and infrastructure
- Property and living space
- Equipment standard and year of construction
- Renovations and structural changes
- Local Market situation and price dynamics
Three methods for property valuation
Different procedures are used depending on the type of property:
- Comparative value methodIdeal for undeveloped plots and condominiums with many comparable properties.
- Asset value methodFor houses without comparable properties - the value is calculated from the land and construction costs.
- Income capitalisation approach: In the case of apartment blocks and commercial properties, where the Yield arrives.
Online reviews: Initial orientation with caution
Online property valuations offer a quick assessment of the average value. But be careful:
- The results are mostly based on General data and not on individual specialities.
- One On-site evaluation by an expert takes better account of the equipment, condition and local characteristics.
Professional valuation: the key to the optimum price
A real estate agent combines expertise, market knowledge and experience to determine the optimum price. Not only will you achieve the best price, but you will also sell promptly and successful.
✉️ How much is your property worth?
Contact us for a professional valuation - precise and non-binding!
Robert Schüßler
Property valuer (EIA and IHK)
Photo: © siraanamwong
