Valuations

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Homemakers offer FREE valuations on residential properties.

It is VERY important to price your property right before putting it on the market. (see Pricing)

In preparing  a valuation for your property, we use 3 bases:

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CMA - Comparative Market Analysis

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Costing method

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Comparative Municipal Valuation method

All three these methods are explained in a bit more detail later. Averages are drawn from the results of the 3 methods and a marketing price is recommended from this information.

 

MARKET VALUE   - This is the price a willing buyer is prepared to pay a willing seller for a property on a specific time. This must not be confused with the Asking Price.

 

 

 

 

 

 

 

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CMA

This analysis uses 3 categories:

  1. Properties already sold

  2. Properties currently in the market and

  3. Your property

From this information, a comparison is drawn between similar properties in order to determine an asking price. Every house is unique and therefore there are differences between these properties. The CMA is only a guide and reasons for selling & buying is also important.

Buyers do comparisons between properties when they buy and therefore this method is probably the most accurate.

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COSTING METHOD

The actual sizes, quality and finishes of the stand, improvement/s, garden, security, pool, etc.  are taken into account and a price is calculated from these inputs. This method is also quite accurate and the result is often with rands of the CMA method.

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COMPARATIVE MUNICIPAL VALUATION METHOD

Here we use municipal valuations as a guide. Actual sales are compared with the municipal valuations and an average factor calculated. This is then used to calculate a price for the valuation.