The Market value depends on various factors: Age of the property, location, infrastructure, floor (for flats), condition, size, furnishings, layout and number of rooms, plot size and shape (for houses), neighbourhood, etc.. But the most important thing is the question: How popular is your property right now?
When determining the realistic market value, there are basically two evaluation procedures:
- Asset value method
- Income capitalisation approach
The Asset value method is mainly used for private or owner-occupied properties. For example, houses, flats and plots of land. The Income capitalisation approach is mostly used for rented properties, such as flats, houses, apartment blocks, commercial premises and offices. This is the so-called "system variant", where data and figures are fed into the system and only the price per square metre can be changed manually.
How we arrive at a realistic sales price
In addition, we also use the "Comparison variant", i.e. we compare sales prices in the neighbourhood (this can be called up for a fee). For example, you can find out when similar properties were sold in the same street, how big they were and at what price. This is often more informative than the calculated variant.
This is where a certain home advantage pays off, because I know the starting price and the price actually realised for most of the houses sold in the area, and I am also very familiar with the supply and demand situation here.
Then there are the so-called "collector's prizes", where the purchase price realised far exceeds the calculated purchase price. This affects areas such as Langenzersdorf, for example, where many leasehold plots are on offer. However, buyers tend to buy their own land and are prepared to pay higher prices for it.
All these comparative prices are compared by us and an average value is used. You will receive from us a realistic sales price that will be achieved in any case. We then discuss the selling price at which the sale will begin. As demand for detached houses is currently very high, the desired sales price is usually achieved without negotiation.
The initial consultation with tips and tricks is free of charge.
Contact us or let us call you.
Our cost assessment is also free of charge if you commission us to sell your property.
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