Having a property appraised means finding out about the real value of the property through a professional.
Real estate valuation consists of giving a value, a selling price, to a property.
The importance of having your property appraised
A real estate transaction (purchase and sale) is a delicate operation and therefore requires great attention from both buyer and seller. Knowing the real value of the property in relation to the local market then becomes an imperative before anything else. Thus, the valuation of a property makes it possible to bring the price of a property into line with the reality of the local market and to better conduct negotiations.
When the property is overpriced, it decreases the sales opportunities. On the other hand, when it is underestimated, it certainly increases the chances of selling it; but will cause a great loss of earnings. Moreover, it must be recognized that often we transmit our emotions through our actions and points of view. This state of affairs can impact the sale or purchase prices. This is why it is reasonable to consult a professional for the valuation of our goods. With his neutrality, he will be able to assess the property at its fair value and his advice will be of precious help in the exchanges.
Who should you entrust with the valuation of your property?
In accordance with tradition, it is the notary who is authorized to carry out the valuation of real estate. Because of its qualification, it is at the heart of the real estate operations and has a perfect knowledge of all the legal, fiscal and administrative aspects of the sector. The choice of a notary for the valuation of a property is even more advisable, especially if you have to deal with an estate of property, donations or liquidation. Because, like any notarial deed, the estimate made by a notary is difficult to challenge by the administration or the court.
Ideally, anyone wishing to sell or buy a property can use a professional specializing in real estate to have their property appraised. Whether it is the real estate professional or the notary, they both have the necessary skills to better estimate the value of a property: (age of construction, depreciation of the building, market price, business opportunity, geographical advantage It is the reference for the purchase or sale of any property.
Notwithstanding, if you are not in the cases listed above, you can hire a real estate company. Thanks to its two areas of expertise, it generally has the necessary skills to better estimate the value of a property, taking into account its condition.
