How to estimate your property?
When you plan to sell your property, it is important to assess its financial value and take into account the real estate market. To do this, a real estate estimate must be made, and this, at the fairest price.
For a faithful estimate of your property, whether it is a house or an apartment, nothing beats the support of a real estate professional. As an expert in real estate valuation, we take stock in this article on the criteria to take into account as part of your estimate.
How to determine the right selling price ?
In the context of a house for sale on Miremont or an apartment, the objective for the seller is to sell at the best price. As for the buyer, he wants to make " the right deal " !
For the buyer : any buyer wants to get the best deal possible. He will tend to negotiate the sale price and for this, he will not hesitate to scrutinize the smallest details of your home for sale.
For the seller : any owner has a certain subjectivity in the estimation of his property since he has created a real bond of attachment, often sentimental. So it is not uncommon for the best price for the seller to be overvalued compared to that of the market. Also, you should know that the seller wishes to realize, most often, an added value.
In order to offer the most realistic price compared to the real estate market, you must remain objective about its value. Estimating your property is above all to study the fairest possible selling price for the buyer and seller, because the overvaluation of a property is one of the mistakes to avoid when selling. The study of its location, its environment, the price per square meter of the sector, its number of rooms or its area, is a key step to accurately determine the final amount of your property.
To do this, you will have three possibilities, either estimate the value of the home yourself, try via an online simulator, or go through a real estate professional.
Estimating the value of your property yourself: the steps
Do you want to estimate the value of your apartment or house, without going through an agency or other real estate professional? Be aware that you must then proceed to several steps, taking into account many elements :
Step 1 : The location of the property
Here is a non-exhaustive list of features that increase the estimate :
- The reputation of the neighborhood and the feeling of security
- Calm
- Accessibility by public transport
- The presence of local shops or schools
- The proximity of infrastructures related to the health sector (doctors, medical center, hospital, ...)
Step 2 : The services and characteristics of the property
- The habitable and non-habitable area in square meters
- Style
- Brightness
- The exhibition
- Insulation
- The number of rooms / rooms
- Parking space or private parking
- The terrace, loggia or balcony
- The state of the condominium and the work to be planned
Step 3 : The condition of the property
The condition of your property is a very important criterion. A home for sale in good condition will always be better than a dilapidated home, because defects are expensive. This is called a discount when defects are encountered and the estimate is revised downwards , so take into account the state of the condominium and the work to be planned.
Step 4 : Compare similar sales
When the previous steps are established, consider comparing the selling price of your property with that of apartments or similar houses already sold. You will have an overview of the selling prices charged on the real estate market for a house or apartment similar to yours.
You can also compare according to the properties already for sale on real estate ad sites which will allow you to get a range of the price of your property.
For those who wish to estimate the value of their property in Miremont, we invite you to consult our page dedicated to real estate for sale in Nantes and its region in order to compare prices.
Estimate your property for free with an online simulator
Another possibility, the estimation of your property via an online simulator. Some sites offer free estimating tools. However, these simulators often offer a limited analysis with a wide price range and invite you to contact a professional or agree to be contacted again. Indeed, basing yourself solely on this first return will give you an approximate idea that is often incomplete since it will not take into account essential elements that only a professional in real estate transactions can know. We think in particular of the environment where your property is located (neighborhood, urban area, amenities nearby ...) and the trend of the local real estate market.
In this case, if you want to have your property estimated, you might as well go directly to a professional who will bring you all his real estate expertise.
- From a divorce
- An estate
- A mortgage
.
The real estate agent, expert in his field, knows perfectly the real estate market on which he operates. He will be able to define objectively, the assets and weaknesses of the housing to be evaluated to make a real estate estimate as accurate as possible to the expectations of the seller and buyers.
Also, remember to prepare your home before it is sold. If you are selling a house, find our advice for the sale of your home in Miremont and its region.
In addition, to sell at the fairest price, his negotiating skills will limit the margins of negotiations.
Finally, if the property is sold in market prices, then there is a potential increase in visits. Who says more visits, therefore potentially says more interested buyers. This can accelerate the sale of the property.
Nicolas MOULIGNER
Looking for a property?
Whether it is a house sale or an apartment purchase in Miremont, My Home Toulouse is here to advise you and accompany you in your project. Expert in real estate in Miremont for several years, our agency My Home Toulouse is close to its customers. Our employees will bring you satisfaction and will meet all your expectations.
