home-values

How Does a Real Estate Agent Value My Home

There may be various reasons why you want to get your home valued. Sales, major renovations, divorce, inheritance and housing are some examples. In a valuation, the real estate agent’s most important tool is knowledge of the current area.

 

The advantage of letting a real estate agent evaluate the property is that he has good knowledge of how the market is currently performing. In addition, the broker often has a close relationship with the buyers in the area. Valuation for a sale also discusses value enhancing measures, which are an advantage for marketing to attract the right buyer. A common example of value-increasing factor is styling both interior and exterior. It is important to draw attention to the housing and that the buyer gets the right feeling.

SALES STATISTICS

In order to make a thorough valuation, the real estate agent often uses statistics of sales in the current area. In real estate broker terms, you talk about local price increases and comparative items. The real estate broker does is to investigate what has been sold for a certain amount of time in the same area.

One common way to do this is in a system of pricing systems where all sales in Sweden are collected. Here the real estate agent can search different areas and sort by year of construction, type code, final price, square meter etc. It is important to assume that the property is located. For example, a residential area close to the sea with a high probability of being sold for more than one similar property located inland.

VALUATION SERVICE

The real estate broker can also use a valuation service to obtain a statistical valuation. This method is based on the current address to be valued.

The real estate agent’s own knowledge and assessment is of paramount importance for the valuation because the service is largely based on how it is seen in a certain area, purely statistically, but not taking into account factors such as views, high ceilings, tiled stove and renovation. The real estate broker thus combines his expertise with statistics to arrive at an estimated value.

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