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Estimate The Value of Your Property for Sale

Posted by Michel on June 1, 2021

In a very competitive market, following certain standards is critical if you want to sell real estate quickly. The price positioning is one of them, and it should be carefully considered because it will decide both your profit and your chances of finding a buyer. The golden mean isn’t simply a matter of ethics; it’s also a matter of survival. However, determining the exact worth of your house is difficult, and expert assistance is frequently required. Here is a list of factors to consider, which will help you have a better understanding of what assets to highlight.

The area of ​​the property

The area estimated in square meters is a significant factor regulating the price that you may seek during the sale when the property is classified according to the number of bedrooms. Within the city where the property is located, an approximate price per square meter is frequently offered, which can help you select a consistent range.

Make sure you include all of the necessary pieces! Only the space stipulated by the Carrez statute, meaning the components of the accommodation with a ceiling height larger than 1.80m, is to be kept.

Furthermore, the garage, the veranda, the basement, the cellar, the loggia, and the communal premises are not included in the computation. The same may be said for external areas like the patio, balcony, or porch.

The location

We were discussing an indicative price that you can readily discover on the Internet and that serves as a measure of the worth of a home in your community. However, because this is an average price, other factors that might influence the growth or decline must be taken into account.

Starting with the neighborhood in which the property is situated. Certain places are in great demand, and the price per square meter is rising, sometimes dramatically. Some communities, on the other hand, may lose value if they have a negative image, lack facilities, or have tiny enterprises.

Furthermore, a property located in the city will sell for more than a house located in the rural (with certain exceptions!). Even yet, the size and reputation of the city will have an impact on the property’s price. The capital, of course, is at the top of the pricing list, followed by the country’s main cities.

Beyond these concerns, think about the environmental assets of the land. Is it tucked away in the midst of a thick greenery? Does it, on the other hand, have all of the advantages of being in the city’s heart? What infrastructures are nearby that are in high demand? Transport, schools, sports or cultural complexes, and stores are not necessarily part of the structure of your home, but their closeness will be an asset to present in order to increase the price to some level.

The existence of an exterior

Let us return to the safety of our homes and explore the significance of finding anything outside. Whether it’s a little balcony in the city center or a full-fledged garden with many terraces of all sizes, an outside will undoubtedly raise the value of your house! The ability to breathe outside while being at home is an essential criterion for purchasers, especially after the Covid-19 outbreak and the restrictions that have been put on us.

Make an effort to highlight your outside in order to capitalize on the asset it offers during visitors. Greenery, a clean and beautiful floor for the presentation, which you may dress up with helpful furniture to emphasize that the location allows you to eat outside and socialize.

The presentation of the accommodation

Estimating a property’s worth also entails considering the impression it will make on visitors. However, factors unrelated to the structure of the property will have an impact on the prospective offer you receive and the money you get. In this sense, depersonalization and tidying up are free acts for you, but they may help you achieve more success by allowing a possible buyer to enter the property right away.

More specifically, if the flooring, paintwork, and equipment are in bad condition, the selling price will be reduced. It is frequently feasible to immediately enhance the depiction of a property at a cheap cost.

Once you’ve performed the preceding stages, we recommend that you adjust your estimate to the state of the property. Reduce the price by a few thousand euros if it is worn out or key equipment (boiler, cumulus, etc.) has to be replaced. You may discover that this is negotiable when the offer is made, but bear in mind that you risk scaring away your potential purchasers.

The provocative elements of crushes

Finally, don’t overlook the unique features of your lodging. At the very least, this frequently results in a “wow” from your loved ones. A crush might be triggered by a modern kitchen, a luxury bathroom, a Zen-style garden, or simply a cute pellet fire.

These characteristics, if properly highlighted in your ad’s images, will attract visitors and also justify a price above the market, as long as it is acceptable.

Overestimation of the sale price is the most common stumbling block in real estate transactions. An owner may believe in good faith that his property is worth more than a real estate agent’s estimate based on objective factors as well as his feelings for him. Projects that are worthy of being included may entice individuals to donate additional money in order to make them a reality. In this sense, the estimate isn’t always correct because a good that can’t be sold might be costly, particularly when taking out a revolving loan. Finally, even if you do not intend to employ its services, checking your pricing positioning with a specialist would be beneficial.

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