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Know how real estate agents value properties for sale

Every owner wants to sell his property for its maximum value. And, all too often, they end up choosing a real estate agent simply based on who provides them with the highest initial valuation. However, this will be a costly mistake.

What your home is valued in matters. If you make a mistake in the estimate, it could be sold for a price lower than the real value of the property. On the other hand, even overpriced homes will discourage potential buyers from seeing their home. In addition, high selling prices can even result in a long wait before a good offer arrives or is not sold at all. Therefore, it is recommended to make the assessment of the correct agent.

Here are some aspects that real estate agents take into account during property valuation!

Few factors that real estate agents take into account when valuing a property

1. Local services

During the valuation of the property, one of the main factors that can increase the sale price is the real area where the house is located. Aspects such as how close the house is to schools, shopping centers, banks, restaurants and parks definitely affect the final sale price. A property that has good transport connections will get a much better price than the house that is in remote places.

2. size

When it comes to valuing your property, the size of your home is another vital aspect that real estate agents take into account. The number of rooms the property has affects the commercialization of the property. Even the size of each single room largely determines the demographics of the buyer.

3. Aesthetics

In addition to the obvious considerations, such as keeping your home in good condition, tidy and clean, there are some other aesthetic factors that can help you increase the value of your property. Properties that offer excellent views or are near bodies of water will always achieve a better sale price. Just as hotel rooms with panoramic views cost more, so do houses near a river or sea.

4. Appeal

Real estate agents believe that the appearance of their property from the outside is as important as the interiors. After looking around your property, the agent will determine if your front garden looks tidy and well maintained and if your property stands out from the rest. A house with excellent exteriors will certainly have a better price than those without.

5. Potential

Although the size of the house plays a vital role in the valuation of the property, so is the flexibility of the property being valued. Agents even verify if a particular property can be extended. A house that has the possibility to improve can help a lot with the sale price. Properties with the scope of improvements and renovations can significantly increase sales prices.

Now that you know the considerations, why are you still here? It's time for your property to be valued by qualified real estate agents!

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