How is the valuation of an apartment carried out?

The valuation of a property is a study that highlights the characteristics of the accommodation. It makes it possible to determine its real price by taking into account the price on the real estate market. 

It is true that you are not obliged to carry out this process when you sell your apartment, but it is preferable to do so in order to know its exact value. This will allow you not to overestimate or underestimate your property when selling.

To have your apartment appraised, you must establish a contract with a real estate expert or a notary. You can also approach a real estate agency for this first step. 

The contract will give you exactly the steps to follow for the estimation of your property . It will also indicate the time you have to build the file necessary to carry out the investigation. At the end, you will have the tariff of his fees. The estimate of your apartment can only be made in the presence of the documents below.

You must provide the title of your property as well as the construction documents such as the plan or the deed of easement. To these are added the documents related to land use, namely property tax, housing tax and insurance. 

You must also add the result of the various real estate diagnoses and the invoices relating to the work you have already carried out. 

This may concern paint, insulation or the electrical network. Even the works you plan to do should be mentioned. In this case, you will submit the quotes and the scheduled date for carrying them out. 

See More : www.melbourne-valuations.com.au