Real estate valuation: this is how you advise sellers reliably and efficiently!

Real estate valuation plays a crucial role in purchasing or selling a property. For real estate agents, this task is essential, as setting the right selling price is vital for an efficient sale that aligns with the seller's expectations. Even for mortgage lenders and investors, it is crucial. The latter, for example, need to know property values when it comes to their real estate investments, helping them choose the right investment property and ensuring a convincing rate of return, as well as a favourable capitalisation rate.

This article delves into the various aspects of valuing a property and explains how this process works.

Why is a real estate valuation so essential?

Real estate valuation is not just about determining the worth of a property; it's a strategic process designed to empower sellers with insights, guiding them toward the most effective strategies. By offering comprehensive valuation services, real estate professionals can do more than assess a property's value; they can advise sellers on the potential method to adopt. This expert guidance ensures that the property is priced realistically and positions the real estate agent as a trusted advisor and authority.

What are the different ‌appraisal methods in real estate?

There are several ‌real estate valuation methods for determining the market value of a property you should keep in mind. As a rule, these methods are combined to obtain a more accurate picture.

Consider a combination of relevant methods to obtain an accurate property value estimate. It is important to note that the property market is constantly changing. A precise valuation, therefore, requires experience, a deep understanding of local market conditions, as well as access to reliable market data. Digital property valuation solutions can make an invaluable contribution here by helping you to make your real estate appraisal process faster and more efficient.

How can I determine the market value of a property?

Once the valuation has been conducted, be ready for the subsequent steps. These consist of the negotiations and the selling of the property. Ensure to work closely with sellers to achieve the best sales price and help with the property sale documentation once an agreement has been reached.

As you can see, a real estate valuation requires an extensive process that takes time. Therefore, we recommend integrating digital solutions for real estate agents into the process. Using suitable tools, you can reduce the scope of individual steps in the valuation process and even skip some altogether!

Leverage Property Advisor to determine the value of property!

Use Property Advisor to determine the current market price or rent within seconds. Check out comparable offers and get a full picture of all active and expired ads for similar properties. Conduct detailed market research and analyse total days on the market, a property’s value development over time and more. All this in one, easy-to-use tool.

Our powerful AVM (Automated Valuation Model) allows you to determine accurate market and rental prices for residential properties* in seconds. In addition, our Market Trends feature shows you the evolution of asking and transaction prices in the market over time.

Once your analysis is complete, easily create and share slick, branded property reports digitally or via PDF with your future and existing customers. That’s an easy way to create stunning, custom marketing collaterals that match your corporate image, build trust and show off your extensive market knowledge.

Would you like to create slick, branded, comprehensive real estate valuation reports in a few clicks? Arrange your free Property Advisor consultation now:

The importance of industry expertise and market knowledge

While real estate agents cannot replace property valuers, who are authorised to prepare legally usable property valuation reports, it is essential for them today to possess a sound knowledge of various valuation methods and an in-depth insight into the local property market. These skills and expertise are crucial to achieve the best value for a property and to make the entire sales process efficient and smooth. Digital property valuation solutions are constructive in this regard.

Valuing a property is a challenging task that requires in-depth knowledge, experience and careful analysis. A correctly valued home can make the difference between a successful and a frustrating sale, and qualified agents are indispensable partners along the way!

*Our solution specialises in analysing residential properties (detached houses, apartment buildings, etc.). The analysis of commercial properties is not possible.