If you are about to sell your home, it is a good idea to book a home valuation with your local estate agent. As the name suggests, a home valuation is an assessment of what your home is worth, and therefore of its potential selling price. The valuation is one of the first steps in the sales process and lays the foundation for both the marketing of the home and the negotiations with potential buyers. That is why it is important that the valuation is accurate and carried out by a professional estate agent. Read on to find out what you should pay particular attention to when your home is being valued.
How is your home valued?
When an estate agent values your home, the valuation is based on a range of different parameters. First and foremost, the agent goes through the home carefully to note every factor that could affect the selling price. These usually relate to the home’s condition, type and location.
Once the home has been inspected, you and the agent can discuss your expectations for the sale and how they match the home’s value. At this stage, the estate agent also needs access to the home’s relevant documents, such as the BBR owner’s statement (from the Danish building register), mortgage deeds, an overview of the outstanding debt on the property and so on.
Having gone through the home’s details and documents, the agent will put forward a selling price that reflects its specific circumstances. It is worth stressing that many factors go into your home valuation, and that you cannot predict your home’s value by, for example, looking at your neighbour’s. After the valuation, you will usually have the chance to go through the figures with your estate agent to get an overview of which factors made your home’s value go up or down.
What can you do yourself?
When your home is valued, there are a number of things you cannot change, such as the type of home and its location.
Other factors, however, such as the home’s condition and interior, are things you can improve before the valuation to potentially raise the value of your home. For example, it is a good idea to have an inspection report drawn up, in which potential damage and defects are recorded and graded K1, K2 and K3. With the report in hand, you can go through the various defects and fix them as far as possible. Larger renovations can of course also increase the value of your home, but they are often demanding in terms of both time and money. It therefore pays to focus on smaller projects around your home. Painting walls, varnishing wooden floors and tidying up the garden can help make your home look more attractive and raise both its value and the interest in it.
Of course, it is also important to choose a professional and experienced estate agent when it comes to valuing your home. The valuation is one of the most central parts of the sales process, and the agent’s ability to set a realistic price is essential if you, as the seller, are to get the most out of the sale.
Free valuation with Brikk
With Brikk as the estate agent handling your sale, you are always in safe hands. Once you have booked a sales valuation online, one of our local experts will visit your home to give you a free, no-obligation valuation. It is crucial that our experts are local, so that their valuation is always based on many years of experience and expertise in selling homes in your area. You can therefore be confident that the price reflects your home’s current value, with every factor taken into account.
We also offer online valuations, where our algorithm gathers all the available information about your home to estimate a selling price. It is important to stress, however, that this selling price is only an estimate, and we always recommend that you book an in-home valuation with your local Brikk estate agent.
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