Their are factors that influence the price of a property. Principally, “A property is worth as much as a buyer is willing to pay for it at that moment.”
Price factors
Nevertheless, the following factors play a huge role in determining the offer price of a property:
- Macro location (e.g. the year-round infractionscture in the surrounding area)
- Micro location (e.g. the direct neighbourhood, the position of the sun in summer and winter; for apartments the floor, etc.)
- The view
- Age of the property
- Equipment of the property (quality of windows, doors, tiles and technical installations gas, water, heating, air conditioning, electricity wiring, etc.)
- The condition of the property (new, as good as new, first occupancy, well-kept, unkempt, in need of renovation, possible defects and damages, etc.)
- Sizes: Living space, usable space, plot area
- The concept of the property: space distribution and doors.
- The legality of all parts of the building
- Very important: In which period of time should the sale be realized?
Sales period
A quick sale is desired, the offer price should be at the lowest limit of the market value. If you have more time for the sale, you can test what price buyers are willing to pay for the property.
The value of the property exceeds the market value, no buyer will be found quickly. If a realistic value has been applied, a rapid to medium-term sale can be expected in the current market.
Are you owner of a property? We will be pleased to advise you on this subject! Leave this very complex subject of evaluation to us!