Professional Property Valuation
Why it is best to seek professional help for your property valuation
Selling a home might seem easy from the outset, but many sellers find out too late that the process involves much more than slapping a price tag on a house and shunting it off to the highest bidder. The process can quickly become complex and even frustrating without the help of an industry professional who knows what pitfalls to avoid. One of the first steps in the seller’s journey is a property valuation – that is, determining the right price for which the home or piece of land should sell.
Pricing a residence correctly from the beginning increases one’s chances of a successful sale and ensures the fairest outcome for both buyer and seller. At Fine & Country South Africa, we understand how essential professional guidance during this process can be, and it is for this reason that we offer this service to our esteemed clients.
The importance of an accurate property valuation
Prospective buyers – especially those who fall into the upmarket bracket – likely have a very good idea of what increases and decreases the value of the properties they see. They may seek the help of a professional estate agency to help them sift through the best deals within their price range. Property valuation is tricky because it is easy to value your home too high or low.
Price it too high and you will discourage the right kind of buyers, as many eventually purchase a home based on what compares favourably in the market. Price the house too low, however, and you are sure to lose out on the amount you deserve. Some sellers even invite buyers to make an offer, but this too has a downside as it could communicate that no accurate price has ever been established for the house, leaving too much room for uncertainty. In the end, seeking professional help is by far a more favourable option.
How to find out what a property is worth
There are many factors that influence how valuable a home is, including:
- How much the seller first paid: The original pricing of the property is a great price-point from which to start.
- The location: Upmarket areas usually boast high-style living and houses, which automatically increases the value of every home on the street. Professionals also take a look at the price for which other homes in the same neighbourhood are being sold – properties of a similar size and class can guide the valuation process.
- Facilities within the home: You can expect a home with a large garden, spacious kitchen, and sophisticated allure to sell at a much higher price than homes with fewer signature features. Another quality that significantly raises a residence’s value is what and how many security measures are in place.
- Interior and exterior design: Elegant furnishings, luxury flooring, outdoor recreation areas – these are factors that speak to leisure and tasteful living, and buyers are often drawn to such features enough to pay a little more.
Why to use an agency’s expertise
In South Africa, professionals who offer property valuation must be registered with the South African Council for the Property Valuers Profession (SACPVP). Apart from this, however, you require an agency that not only understands the needs of discerning buyers but one that will guide you when it comes to pricing and even marketing your home.
At Fine & Country South Africa, we offer a free property valuation with no obligation on your end. You can request your market appraisal either in person or virtually where you can provide pictures and videos of the house in question. All you need to do is fill in your information here and leave the rest up to us.