An adequate assessment of the value of property upon sale is one of the most significant stages for the successful implementation of the transaction.
Property appraisal is a procedure that allows you to determine the real value of an property. It is necessary to make an assessment when making various transactions and operations with property - buying, selling, or when applying for a mortgage loan in a financial institution. It is better to immediately weigh all the important facts before the sale in order to close the deal in a short time, and not stretch the process of selling property for months or even years due to inflated prices.
Theoretically, you can evaluate property yourself. However, for this you will need certain knowledge and experience. The most correct and simple solution is to use the comparative method. See how much similar properties in your area cost and find the average.
Why do you need a property appraisal?
Property appraisal is required quite often. The most common situations are:
In the situation with mortgage lending, everything is quite simple. Valuation certificate is needed, first of all, by the bank. It is important for a financial institution to understand how much money can be given to a borrower.
As for the sale and purchase, the seller needs to understand at what cost real estate can be sold, and the buyer needs to make sure that the price is not artificially high and corresponds to the market.
If two people decide to exchange property with additional payment conditions, then an assessment is needed in order to adequately assess the value of the objects and so that one of the parties does not remain in a big minus.
During the sale, sometimes you have to make price adjustments - both downward, if the property does not find demand, and increase, when it is clear that the property is of interest to buyers and you can make a revaluation. As a result, the price of property is assigned by the seller, and the broker can recommend the best price.
Experienced specialists Alicante Real Estate can do all the work in a day or two if you have a typical property. A unique building may take longer.
Renting out an apartment is a responsible and complicated business. Many inexperienced landlords often make mistakes that can lead to loss of not only time and nerves, but also money, and sometimes property damage. Here are the most common mistakes when renting an apartment on your own:
Important clauses of the contract that should be taken into account when renting an apartment. We will help you avoid all mistakes and guarantee favorable conditions for working with us.
Renting out an apartment is a common way to increase income. To speed up the process, it is necessary not only to prepare the premises and find responsible tenants, but also to comply with legal nuances. If you do not have time to search for tenants, answer calls and show the apartment, use our service.
The cost of management is discussed individually, but is not more than 25% + VAT per booking of the rental amount.
The management contract guarantees that you will receive a monthly income, the property will be safe, the technical problems of the apartment are resolved.
Alicante Real Estate - Always successful!
We tell you what factors affect the sale of property and how to speed up the process of selling property
1. Clean up and make mini repairs
An important factor that can affect the speed of the transaction is the poor condition of the property. Therefore, before selling, you need to put the house in order.
2. Take beautiful photos of the apartment
After the property is put in order, you can take a photo. If you wish, you can call a photographer who will select the winning angles and show all the advantages of the property. You can take good photos yourself. It is better to photograph the apartment during the day - so that there is more light. Don't forget photos with a view from the window, especially if it opens onto a park or forest.
3. Prepare all necessary documents
When a transaction needs to be carried out urgently, it is the lack of documents that sometimes becomes the reason for choosing another object. Therefore, it is so important to prepare all the documents, without which it is impossible to quickly enter into a deal.
4. Make an adequate assessment of the property
One of the main factors that affects the speed of sale is adequate prices for the market. Do not overstate the value of your property, it will make it difficult to sell.
5. Place ads on all advertising platforms
Here it is important to correctly compose an ad - indicate all the advantages of the apartment, the advantages of the location, developed infrastructure (if any)
6. Get your property showings right
Often the environment in the apartment is not the most pleasant - screaming children, pets that can scare buyers, or tenants who have not had time to put the apartment in order. Therefore, you need to prepare for the show in advance. It is better that at this time there are a minimum of people in the apartment, and nothing distracts from viewing.