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Why do I need a property valuation?

Here are some of the reasons you might want to consider getting a real estate valutation done on your property.

To determine a fair and satifactory selling price that is independent of both the buyer’s and seller’s biases and preferences. This offers a neutral perspective of the most important aspect of a sales listing and critical part of the selling process: the selling price.

To determine the cost of buying a property for investment purposes. This allows the analyst to have a starting point to calculate possible returns/losses on the property, an estimated resale price, profitability of the investment, etc.

Helps to provide a value of your property to aid in financing and refinacning your property under the current economic climate. This can be useful for saving money on your current plan agreed on information from previous information and estimations that may be outdated.

Aids in settling on a financial analysis for taxation of your property. This is useful for calculating and adjusting your tax rate to a more accurate rate baed on the current value of your property and market conditions.

This is important when determining the value of your real estate property’s insurance and determining the rate of payment that is representative of your property’s value.

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