Evaluation

The role of correct valuation in property sales ...

Before putting real estate up for sale, the first and most important thing we need to know is to determine the correct market price of the property. When valuing the personal property of property owners, due to many psychological and side effects, it is not possible to determine the real market price by conducting a correct market research.
Determining the correct price of the property before it is put up for sale helps to sell it on time without wasting time and resources (money).
According to international valuation standards, these 4 approaches are actively used when valuing property.

- Comparative approach,
- Cost approach,
- Income approach,
- By creating added value