Read the following article in detail and discover how to find the commercial property valuation.
How much does your house ‘cost’? What is its commercial property valuation?
In the event that you want to sell your home or in general a property you own, if you are asked the above question, do you know the answer? And if so, with what criteria have you priced your house?
It is an opportunity, with the ever-increasing rates of development of the real estate market in Greece, to make a clear reference to what ” commercial property valuation” means and why this is of the utmost importance for the sale of your property.
Tips regarding the commercial value of your property
• The price we set for the property we want to sell does not depend on how much we want to earn.
• The theory that “I sell at a high price to catch a lower one” leads to opposite results in the case of Real Estate. *We will explain below why this happens.
Commercial property valuation – definition
When we talk about commercial property valuation we mean the value formed by the market based on certain factors, mainly economic, social and technical. This is of course a value which is not static but constantly changing.
A process that involves the calculation of many factors while requiring a lot of study.
If you wish to find out the commercial value of your property and contact a real estate agency, you should know that the competent real estate consultant will ask you for a specific time frame to carry out specific actions, comparative analysis in order to give you a correct and thorough assessment.
If you want to sell your property and want a process with the best possible terms that are in line with the real estate market, all you have to do is turn to professional real estate agents, who will prepare a thorough comparative analysis for you.
Report of commercial property valuation
A commercial property valuation report includes:
• The square meters of the house and its age/maintenance.
• The location of the property and the prices at which similar houses have sold in the area – usually include at least 3 properties that have been sold and preferably dated no more than 3 months after the study was drawn up.
• Accessibility to means of transport, commercial businesses, etc.
• Services such as security, parking, etc.
• The description of the property as well as comparable properties, including the number of bedrooms and bathrooms as well as their floor plan.
• The sale price per square meter of each property included in the comparison as well as its total sale price.
• Currency adjustments to calculate differences between the property and the other properties included in the comparison.
Property valuation
Based on the indicative data above, one realizes that the assessment of the value of a property is not a simple matter but is a complex process that requires knowledge and expertise in the subject.
If you are an owner and want to sell your property at the right price, you can trust professional real estate agents who provide you with a detailed commercial value report. Alpha Properties has valuable, experienced staff in sales and in creating comparative analysis of commercial value.
» If you have a property that you intend to sell, do not hesitate to contact us to inform you of the actions you should take to know the exact value of your property and to achieve a profitable sale, without delays and unsettled factors.
