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Property Valuations in Durbanville


Whether you are thinking of selling your property, in the process of selling, or simply interested in knowing what the current market value is of your property, we would love to do a Comparative Market Analysis of your property in Durbanville and surrounding areas - it is absolutely free with no strings attached.
This should always be your first step if you are considering the sale of your property. When you’re selling your home, the price you set is a critical factor in the return you’ll receive. That’s why you need a professional evaluation of your property from an experienced Durbanville Estate Agent.

We can provide you with an honest assessment of your home, based on several factors, including:
• Current market conditions based on prices currently being achieved in the Durbanville property market.
• The condition of your home, and any unique features
• Repairs or improvements made to your property and the quality of finishes

Andre is also a qualified Candidate Residential Valuer with a Single Residential Property Assessor Certificate from the Cape Peninsula University of Technology.

The accepted South African legal definition of market value may be summarised as follows: The most probable price¹ which a willing and informed buyer² will pay a willing and informed seller² for a property on the open market at the date of valuation when neither is under any stress or duress to transact.

¹ The price is the price which could be obtained had the property been exposed to the market for a reasonable time.
² The willing seller and the willing buyer referred to in the definition of market value are not the owner and the buyer, but imaginary persons or notional persons.
² Seller: The decision to sell must be of free choice. He should not be anxious to sell but willing to do so if he obtains a fair price.
² Buyer: The buyer must be willing, but not under any urgent necessity to buy.
The valuer must fix a price which a willing seller might reasonably expect to obtain from a willing purchaser where both parties negotiate on equal terms and both realise the existing advantages and potential of the property.

This is the most accepted method of valuation preferred by SA law courts and a good indication of value.

Our courts have held that the direct sales comparison approach is the most acceptable method of quantifying property values.

When you want to sell a property, it is extremely important to determine a fair, market related asking price. Over and over, we find that our policy of conducting a diligently prepared market analysis of the property and reviewing it in detail with the owner reduces the time spent on trial and error and leads to a faster sale, at a better price and with less inconvenience to our seller.

You can also make use of our other 'online valuations' website to request an online valuation of your property in Durbanville and surrounding areas.


 

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