How do you estimate your own home?



There are several situations in which it is essential to know the value of your home for sale, home as an apartment.

Commonly, these situations boil down to divorces, credit buybacks or certain tax procedures such as donations or estates. It is therefore important to know how to estimate your own home in a few rules. Because using a professional for an expert estimate is not always possible or desired.
Why estimate your own home?

It is first essential to know how to calculate the market value of a house for sale for the tax service, when calculating gift taxes, inheritance taxes or in cases of subjecting to wealth tax.

Although these situations are fortunately not presented to most homeowners every day, they are common situations.

This amount of the price of a house (price per square metre) on the market is often difficult to establish.  This exercise, when the taxpayer is subject to taxes, is often carried out in an unexpert and correct manner since he tends to underestimate the value of his home in order to pay less tax. However, it should be noted that the tax authorities can automatically adjust the price if it deems that the real estate estimate made was less than the actual value of the house.

Beyond the need for a real estate estimate in case of tax application, there is also a situation that does not escape this tedious exercise, which is divorce, often rhyming with property sharing.

In this case, each part of the couple will have to decide the values of the real estate at stake, whether they wish to sell it or sell their share. Therefore, estimating one's home in this context and this difficult period requires extensive necessary knowledge and hindsight.

For all these cases, there are rules to follow when estimating a house.
The rules for good self-esteem

Estimating your property yourself in order to sell it properly to a buyer is a delicate step, a wise bet that should be made well. Most importantly, the "nuclear heart" of a good estimate is the right price, the right price.

Keep in mind that if the price is not fixed, the sale will not happen. But how do we find him? How do you leave out your homeowner's mask emotionally attached to your home to become objective and set a reasonable price?
Don't focus on the purchase price of the home

The first rule to follow is not to focus on the price at which you bought your home. There is a very good chance, given the fluctuations in prices in the real estate market, that the cost of real estate has changed. In addition, it is rare that the condition of a property is the same on the date of acquisition as on the date of resale. It can be improved through renovation work that has been undertaken or, on the contrary, been deteriorated as a result of possible damage.
Put aside the emotional and the emotional in calculating the selling price

Second, it is essential to leave aside the emotional side. Even if it's still a material property, a concrete overlay, sometimes you have a crush on the housing in which you live. But when selling, we must forget this love story because the future buyer will not know and will not buy the house according to subjective criteria. The purchaser will only notice a price offer that is too high and will not know why since he or she has not felt the same attachment. An overvaluation of the price on the basis of this subjective criterion is therefore to be banned.
 Find out about market prices

The third rule to prevent the estimate of one's property from being a mere gamble is to have a perfect knowledge of real estate prices per square metre of the current market.

A house sold in ignorance of the averages or price ranges in force on the market will never be sold. To do this, starting by looking at the real estate listings of professionals online or in nearby agencies is a good start. But be careful to compare what is comparable and to look for when other goods are for sale, their surface, location ...
Identify all the features of the house

The fourth rule is to modulate the price according to important characteristics. Depending on whether the property is a house in subdivision, a terraced house, a villa, a property, a farm, a farm etc... estimation criteria will vary. It is important to take into account the smallest details.

This starts with the surrounding environment, the surface, the condition, the number of rooms to the decoration, the presence of garages, outbuildings or not as well as many other sometimes subjective criteria such as atmosphere or charm.
Estimate renovationwork

The next step will be to estimate the work to be carried out, if necessary. Indeed, the cost of any necessary work will be mentioned if necessary.

He will therefore have to be careful not to include it in the final sale price. The other issue of the work is that it is often better to do it before the house is put up for sale in order to give more potential to the house.
Be honest

Finally, watch out for hidden defects! Hiding from the future buyer certain problems that could have affected the price is prohibited. The rule to remember is therefore the upward valuation of the price if no renovation sets to be undertaken and, conversely, the decrease in value if work is to be carried out.

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