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Property appraisal is the essential step when planning to sell it. This report assesses and certifies the property valuation at a specific point in time, but what has to be taken into account and who issues it?

Not just anybody can properly evaluate a property. To obtain an acurate economic valuation of a home to sell, only professionals with the right knowledge, like the expert staff at Hermes & Mathew, can offer the most accurate pricing.

The task of any appraiser of Hermes & Mathew starts by viewing the property on the spot to perform, on the one hand, the appropriate measurements and, on the other hand, to pay attention to other key aspects to set a price. In this process, the expert considers to be very important to verify that what is reflected in the property deed corresponds to reality. In many cases, a note from the property registration contaning the property basic data is requested, in order to be later compared with the measurements made.

When assessing a property, our appraisers in Hermes & Mathew also take into account the following aspects,

Property location

The fact that a housing loctation is in a certain neighborhood, influences when setting a price. The value will be completely different depending if the property is in the center or upper neighborhood of the city, or in a peripheral area.

The location also refers to whether there are green areas around, shops, primary care centers, schools, public transport, etc. A housing next to an area of greater commerce which could be more noisy, or in a street with heavy traffic may also influence the appraisal price.

Property Features

Together with the property measures, it is required to value the well-used distribution of the space. The building orientation is also fundamental since depending on whether it is built facing north, south, etc. the natural light and sunlight hours would vary. Other aspects such as if any refurbishment could have been carried out to improve the property, the construction materials, the state of the facilities or the finishes, among others, are also determining factors.

Condition of the building

Apartment appraisals not only should take into account the dwelling itself, but the characteristics of the building in which it is located. Thus, other features should be considered, such as the construction year, if any rehabilitation had been done, if it has passed the Technical Inspection of Buildings (ITE), the architecture of the building, common areas, access, elevator, etc.

Market juncture valuation

Along with these aspects – related both to the property and building – the appraisal also takes into account other matters not directly related. These determining factors are the current economic situation, the real estate market dynamics and, ultimately, the moment when supply and demand of properties is found. In addition, a market prospecting analysis is performed to analyse the selling price of other properties for sale in the same area.

Appraising a housing is a key step to successfully sell a home.

Please remember that Hermes & Mathew offers this services. Just contact us, and we will inform you about the whole procedure.

And if you’re thinking of buying an apartment in Barcelona, please have a look at our large portfolio of housing for sale tailored to meet any need.