|
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.
|