How to estimate a property?
Each property has its particularities, characteristics, strengths and an environment that can vary the price of the property.
What are the elements that influence the valuation of a property?
- The environment: close to transport, schools or shops, outside, land, courtyard, garden, parking
- The location: in the city center, close to the city center, attractiveness of the district and the district
- The exhibition and the view
- The type of property: house, apartment
- The intrinsic qualities of the property: surface area, number of bedrooms, number of rooms
- The condition of the property: new or old, with or without work, year of construction, maintenance
- Energy performance: this can lower the price because future buyers will have to carry out renovation work
In order to choose the right neighborhood or district, A1 Real Estate has written a guide to Paris for you.
How does A1 Real Estate estimate the value of your property?
Our tool uses technology to analyze the latest real estate sales from the databases of notaries, land value requests, and real estate agencies that are members of our networks.
COMPARATIVE ANALYSIS
Your property for sale is compared with other properties with similar characteristics recently sold on the market in order to determine its value. The price is determined by the square meter of living space or according to the Carrez Law for condominiums.
QUALITATIVE ANALYSIS
The value of your property depends on its advantages, its location, its quality of construction, its general condition, and its services (floor, volume, view, parquet, moldings, fireplace etc ...). These elements make it possible to refine the price per m2 as well as possible based on the average price observed in the sector.
RENTAL VALUE ANALYSIS
The value of the property is determined according to the rents generated by the rental. After comparison with other rentals, a rent per m2 is calculated and serves as a basis for the evaluation of the property.
APPARENT MARKET ANALYSIS
This analysis is a real-time picture of similar properties competing in your area. You will then have a precise idea of the volume of competing offers and know your positioning in relation to this competition.
Good to know
Good to know: an energy audit to be carried out before selling houses or buildings
From 1 April 2023, an energy audit must be carried out prior to the sale of houses or buildings classified F or G to the energy performance diagnosis.
What is the right price estimate?
- For the seller, it is often above the market price. The owner tends to lose objectivity (emotional relationship to his home). He is all the more biased because he generally wants to realize added value.
- For the buyer, the "best price" will be below market prices. He will tend to scrutinize the smallest details to better negotiate the purchase price.
Between the two estimates, there is the "right price".
Why have a property valued ?
- Mainly carried out in the case of a real estate acquisition:
- Obtain a decisive indication (the market value of the property) to compare the seller's positioning in relation to the current real estate market.
- Know if the price of the property is consistent and interesting.
- But also carried out in the case of a real estate sale:
- To simplify the owner in the valuation of his property, real estate agents use reliable calculation tools as well as comparative market analyses and professional data. Obtain rigorously, a sale or rental price of the property.
- Estimate the controlled rent of a property so that it complies with the reference rents
This estimate makes it possible to analyze the value of the property from an objective and rational point of view.
The real estate expert integrates the essential parameters of the market so that on arrival this reliable and personalized estimate guarantees the best possible conditions of sale and allows owners to engage in the sale or other request with confidence.
The valuation of a property can be influenced by:
- The environment
- Location
- The exhibition and the view
- The type of property
- The intrinsic qualities of the property
- The state of the property
- Energy performance
COMPARATIVE ANALYSIS
Your property for sale is compared with other properties with similar characteristics recently sold on the market in order to determine its value.
QUALITATIVE ANALYSIS
The value of your property depends on its advantages, its location, its quality of construction, its general condition, and its services (floor, volume, view, parquet, moldings, fireplace etc ...).
RENTAL VALUE ANALYSIS
The value of the property is determined according to the rents generated by the rental.
APPARENT MARKET ANALYSIS
This analysis is a real-time picture of similar properties competing in your area.
You want to
to sell in Paris or its surroundings ?
Posted on 06/03/2023 by
Andy LECUYER
