EconomyHow to estimate the value of a property?

How to estimate the value of a property?

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Real estate appraisal is a complex and subjective art. In fact, beyond the specific characteristics of the property concerned, a number of elements from its immediate environment are taken into account, all in tune with the more or less favorable local market. To navigate this ocean of criteria, both sellers and buyers must rely on reliable sources of information.

Have benchmarks

On the owner’s side, it is first of all a question of making an inventory of the services of his property, as objectively as possible. We take precise measurements, we refer to our deed of ownership, we take into account all the important works that have been carried out and we do not forget to budget for any urgent renovations that are still to be planned.

This summary sheet being established, it is then a question of making comparisons at the local level, in order to determine a coherent price range. To do this, you can consult the online and agency listings for properties similar to yours. Likewise, the official website Immobilier.notaires.fr offers a map of France of prices per square meter based on the average of real estate sales made by notarial offices. It is therefore a good indicator of the local situation. And because nothing beats human know-how, it is recommended that you have your home appraised by at least two, and if possible three different real estate agents who are well established in your neighborhood or city.

Real estate value online

In addition to the existing assessment tools, a new factual indicator can shed light on the situation: the property value. In order to help sellers and buyers alike, the General Directorate of Public Finances (DGFIP) has put an interactive map online, making it possible to consult public information resulting from real estate sales made throughout the country.

Want to know the price at which the house you want was bought by its current owners? You just need to locate it on the map (department, town, cadastral section) to obtain its sales price and the date of the transaction free of charge, as well as the description of the property. On the seller side, it’s a good way to get an idea of ​​the neighborhood real estate market. The only downside: all the land data have not yet been listed on the site, which does not cover the departments of Bas-Rhin, Haut-Rhin, Moselle and Mayotte either. Go to App.dvf.etalab.gouv.fr.

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