Valuation at the highest level
Every property holds its own distinct value, deserving a tailored evaluation. Our decades of expertise and eye for detail ensures a seamless sales process. Get your free and non-binding on-site valuation.
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REAL ESTATE VALUATION
Appreciation as a philosophy
We value the individuality and history of each property. Often, it is the hidden values that determine the price. Our experienced advisors will recognise all the unique details to effectively market your property and achieve the best possible price.
On-site valuation
The best value comes through in an on-site valuation, where our experts take into account all of the unique characteristics that make your property special.
Skilled professionals
Our advisors are educated and professionally trained in the Engel & Völkers Academy. Valuation is one of our core competences and the key to a successful sale.
Local expertise
A precise property valuation requires local market knowledge and experience. Our local experts determine the optimal price based on market and target group analysis.
The correct valuation
The top 6 factors for property valuation
When it comes to selling a house or apartment, one of the most crucial and intricate steps is accurately valuing the property. Let's delve into the six key factors that play a significant role in determining your property's value.
“Location, location, location”: The old maxim is still true to this day. The location of a property is still one of the most value-determining factors, and often more than the property itself. We differentiate between micro location and macro location. The micro location is the close surroundings of the property, such as a city district, whereas the macro location describes the region in which the property is located. Whether a location is desirable or not is also determined by the existing infrastructure and cultural, educational, and recreational facilities.
Is the property newly built, or has it been there for a while? Is it in need of renovation or as good as new? Age influences the value of a property. However, it has less to do with the year it was built and more to do with the property's condition in relation to its age.
For example, if a property is very old, urgent or routine renovation work may be required. However, antiquarian properties in prime communities are still sought after and achieve high transaction prices.
For prospective buyers, the property's condition is very important. It is essential to note that upgraded properties achieve higher selling prices.
Whether you are looking for a home in the city, the countryside, or near the coast, our experts will give you the best possible advice on the condition of your property.
What property type are we dealing with – a standalone villa, a unique duplex apartment, a corner unit townhouse, or an elegant mansion? The property type determines the demand for a property and, therefore, the asking price.
How many rooms are there? Is there a basement and a large garden? Are there special features such as a terrace, sea or landmark view or a built-in sauna? Value factors such as these are very individual and important purchase criteria for buyers.
Last but not least, general supply and demand in the local property market significantly determine purchase price valuation. Our local agents at Engel & Völkers are knowledgeable about the current demand in your region, past transactions, and how it affects the value of your property.
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Good to know
Does your property include unique features such as a sauna, sea and landmark views, or a massive landscaped garden? Get an on-site property valuation from an experienced Engel & Völkers advisors. With their comprehensive expertise, they will be able to valuate your property with highest accuracy, in order to provide the best possible sale price.
Selling – with or without an advisor?
Deciding whether to sell privately or via an advisor mainly depends on the following factors: your level of experience when it comes to selling properties, your knowledge of the property market, and the time you have available.
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Selling with a real estate advisor
Our real estate advisors are equipped with a high level of experience and a client base with earmarked prospective buyers, which will greatly reduce your time investment. The estate advisor fee (when appropriate) is then split between yourself and the buyer.
Selling without a real estate advisor
Those who wish to handle the sale themselves will save on the advisor's commission, but they must be ready for the necessary hidden expenses that may emerge to effectively sell a property. You will also have to be confident and steadfast when selling.
Sell successfully with Engel & Völkers
It's promising: Our worldwide network of pre-qualified prospective buyers, along with our highly experienced local advisors, will ensure the perfect match for your property.
FAQ
Answers to frequently asked questions
In general, you always have options for real estate valuation: At Engel & Völkers, this service is always free and non-binding, insofar as it results in a mandate. To receive an initial assessment, we ask for information and submission of data from Phase_01 of our checklist, which you will receive from our acquisition advisors. The most important criteria for this are the property type, living space, macro and micro location, as well as the year of construction and features/amenities.
You can request a personal valuation by our experienced experts from Engel & Völkers. Simply contact us online and we will get back to you shortly.
Tip: In any case, make use of all possibilities. A brief assessment cannot replace the personal on-site evaluation. Consult with the experts at Engel & Völkers if you have firm selling intentions. This is how you achieve the optimal price for your house or apartment.
The result of your Engel & Völkers real estate valuation is based on the five most important factors that influence the price of a property:
Property type – Single-family or two-family house or a condominium?
Living and plot area
Macro location – the broader surroundings and region
Micro location – in which district/part of the municipality is your property located?
Year of construction
Conducting a property valuation can provide a realistic value of your property and is ideal when an initial price estimate is needed. The information about your property is analyzed precisely and compared with a large number of comparable properties, as well as supplemented with local market information. From this data, the initial market value of your property is determined.
The determined value does not represent a general average value for properties at your location, but is always based on the individual characteristics of your property!
There are various common methods that real estate agents use to determine the value of your property on-site. The most frequently used are the comparative value method, the asset value method, or the income value method. For private residential properties, the comparative value method is used in most cases. Comparable here means that the properties are similar in terms of location, features, size, and layout. The Engel & Völkers real estate agents check what prices comparable properties have achieved.
Every property is unique! Unlike other valuations, Engel & Völkers real estate agents can consider individual characteristics and all details of your property on-site. The agents appreciate the special history behind each individual property and have a good sense for the "hidden values" of your property.
Based on our extensive database, years of experience, and local market expertise, we conduct a comprehensive assessment. Our well-founded evaluation takes into account the full potential of your property and includes a detailed market and target group analysis to achieve the maximum possible selling price on the market.
The duration of the price determination depends on the individual characteristics of the property. Typically, up to three weeks are allocated for the precise price determination at Engel & Völkers.
Yes! To increase the value of your property for valuation before selling, you can take numerous measures, such as:
Cosmetic renovation work like painting exterior facades or installing new flooring. The more well-maintained, the better!
Energy renovations such as installing new windows and modern heating systems. Especially in the current times, potential buyers pay particular attention to energy costs.
... and many more! The experts at Engel & Völkers will be happy to give you specific tips on how you can further increase the price of your property.
At Engel & Völkers, the protection of your personal data is our top priority. To retrieve a free valuation for your property online, you only need to provide your first and last name and an email address, as well as a few basic details about the property. This is necessary to ensure that the free property valuation is not accessed by unauthorized persons. You can optionally provide your telephone number if you would like us to contact you afterward.
The further processing of your information strictly follows the legal requirements set out by the EU's General Data Protection Regulation (GDPR). You can read about the exact contents, purpose, your right of withdrawal, and the individual measures in the Privacy Policy section.
FOR MORE INFORMATION
Contact us
Engel & Völkers Croatia
Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +49 40 361 310