MARKET EVALUATION
Fun fact: Studies show that almost 90% of properties that don’t sell in the first six months are mispriced, mispriced.
What is a real estate appraisal?
A property appraisal values a piece of real estate.
This is a value determined by an appraiser and based on professional valuation methods. The method shall be chosen according to the purpose of the assessment.
Under international valuation standards, each valuation is prepared for a specific purpose and at a specific time.
What is the difference between tax and market valuation of a property?
The tax assessment serves as the basis for levying the annual property tax and for determining the municipal waste fee. It is compulsorily prepared when buying and selling real estate, but has no bearing on the market valuation of that property.
It is absurd to think that you can have your property appraised without an on-site inspection by a professional. If a 5000-30000 euro financial loss doesn’t matter to you, then experiment boldly!
Differences in offer and sale prices
If you still want to value the property yourself, it is very important to know that the prices at which the properties are offered are not always the same prices at which they are subsequently sold! Often, the prices you see on the Internet are pre-calculated discounts: for negotiations, commissions for the brokers who offer the properties, etc. In addition, a huge part of the properties do not fall into the category of properly valued at all! Many of these properties have been in the public domain, in advertising on the internet for years and it is very wrong, judging by the price at which they are offered, to set the price at which you intend to sell your property. Again to emphasize – offering and selling are NOT the same.
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