PROPERTY VALUATOR is a proper job function in many countries. EXPERTS in Property Valuations are TRAINED and have a DIPLOMA. Therefore do not trust whoever ....
A professional property valuation is ESSENTIAL to stablish the right price to advertise your property.
If you advertise your property at a price above its worth, you will NOT sell it. DO NOT CHEAT ON YOURSELF saying you will wait until someone pays the price you are asking for. You are wasting your time. Buyers are not stupid and will not buy the property in a million years if the price is not justified.
If you advertise the property for a price below its fear price, buyers will be suspicious. Buyers will think, Why would you sell under its real value…?? must be something odd….
Setting the right price is key for a successful sale. But if you have not been educated in this area, let a professional do it for you.
BEWARE: many Luxemburgish real estate agencies and their agents offer FREE PROPERTY VALUATIONS. Do not be foolish, they just want you to sign an EXCLUSIVITY SELLING MANDATE with them. They will inflated the price of the property and promise you they will selling it for that price in 1 month, but this is only to seduce you…..
Have you ever though that Prices in Luxembourg are CRAZY???? INDEED! and one of the main reasons is that PRICE ANNOUNCED on media are set by owners themselves, not knowing how to evaluate their house or by unprofessional real estate agents. They both just think on making money!
Moreover price you see on MEDIA are NOT the actual paid prices. Price on media are inflated.
I explain to you how the market works in Luxembourg: many Luxemburgish agencies and real estate agents MAKE ABOVE THE MARKET PRICE VALUATIONS, first because they are not trained on this matter, but also because if the valuate above the market price they will enchant sellers and make them sign exclusivity selling mandates (which is the SOLE objective of the real estate agent). But at the end of the day buyers pay much less and properties are not sold at his promised prices the real estate agents told sellers at first.
If you do not want to be cheated on with the prices of a house you are planning to BUY , order a PROFESIONAL property valuation from a third party, thus you can make an offer that corresponds to the real value of the property.
THE REAL ESTATE MARKET IN LUXEMBOURG
WHAT MY CLIENTS SAY….
Rosa has helped me find my flat very effectively. In 1 week I was signing the contract. thanks Rosa
Hicimos una tasación para vender nuestro piso. Tardó 3 días en darnos la tasación. Vendimos nuestro piso en 1 mes con le precio que Rosa nos aconsejó.
Thanks to Rosa we found a place to rent, very quickly
Carolina y Roberto
Alquilar piso con Rosa ha sido fácil y rápido
Rosa valuated our home for sale. We sold it 5.500€ below the price she valuated!
AVOID ONLINE VALUATIONS
These cannot value factors which can add or reduce value of you property!!
AVOID FREE VALUATIONS
If it is free then it is not profesional. A profesional valuation takes time and matematical calculations and modelling.
No one works profesionaly for free (do you?).
So if someone is giving it to you freely means that he/she has not speared a minute in you, or he/she is silently waiting for something else in return.....