Property Valuation - Professional Property Valuations in South Africa

Professional Property Valuations

What you should know about property valuations

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There is so much more to selling properties than merely listing them and waiting for the right buyers to show up. A successful sale that respects both the buyer and seller starts with determining the correct price for the site in question. The accuracy of this pricing is a vital part of securing a worthy sale, as it needs to balance the interests of both the buyer and the seller to ensure that both gain the necessary value out of the transaction. A professional property valuation is not only a helpful guide, but a necessary step to establish an attractive, market-related selling price.

 

The importance of getting a property valuation right

 

An expert valuation is often the basis for establishing an acceptable selling price, as it should be. Finding the correct selling price can be the determining factor in getting your property sold in a timely manner, or not at all. It can be tempting to raise the selling price in order to maximise the profit made from the sale, but that could also push buyers away.

 

Buyers, especially on the luxury end of the market, tend to be knowledgeable about what is available in the price range they are looking at and will inadvertently be comparing the value they are getting for their money regarding various properties on the market. If a property is priced too high in relation to comparable properties on the market, potential buyers will be discouraged from considering the purchase at all.

 

On the other hand, an owner does want to get the appropriate value out of a sale. A professional valuation will not only help an owner to avoid setting an unreasonably high price, but will also allow them to understand what the property is worth (and even why), so that they can have peace of mind that they are getting a fair price for what they are selling.

 

Factors that influence a property valuation

 

The value of properties are influenced by a number of factors – some within the control of the owner, and others outside of their control. Some of the major influences include:

 

  • The size of the property

 

This can refer both to the size of the erf, as well as the building itself, and even individual spaces within the building. A spacious, modern, open-plan kitchen, for example, will add more value than a small, outdated kitchen. The same goes for bathrooms – modern, updated bathrooms add much more value. Living spaces are also important, and lately, so is office space for remote working.

 

  • Safety and security

 

These are essential features for any home. The more secure a house and erf are, and the better the quality and efficacy of the security measures, the more positive the impact will be on the value of the house.

 

  • The location

 

Some suburbs and areas are more desirable than others. Properties with great views tend to fetch higher prices. Even within a suburb, being next to a busy highway or shopping centre could negatively affect the value of a property.

 

  • Surrounding amenities and attractions

 

The convenience of a particular location also plays a vital role. Things like easy access to main roads or transport hubs, as well as the close proximity of quality schools, hospitals, and shopping centres can all positively impact asking prices.

 

Who can do a professional and reliable property valuation?

 

You need a professional valuer that knows all of the influencing factors – and who knows the area – to do your property valuation. Furthermore, the law requires that this person is registered with the South African Council for the Property Valuers Profession. The expert agents at Fine & Country South Africa are both qualified and boast specialist local knowledge of the national regions and more specifically the luxury property market within South Africa. Contact us for assistance with a professional, reliable valuation.

 

 

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

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SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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