Assessing the price of an apartment house correctly
In a series of articles, we provide tips and considerations for those who want to or need to sell their apartment house or rental house, i.e. a multi-family house, or are basically considering such a thing. Even though we are real estate trustees in Austria, our tips apply generally in German-speaking countries for anyone selling an apartment building.
It should also be noted that we also offer a free initial consultation on the topics presented.
How to correctly assess the value of your apartment building and achieve the best sales price
Are you unsure how much your apartment building is really worth? Many owners ask themselves how they can achieve the maximum selling price for their property. An accurate estimate is essential for sellers to be sure that they are getting the most out of their sale.
Challenges in pricing
Valuing an apartment building is a complex task that takes into account both objective and subjective factors. To carry out your own price analysis, you could:
Research similar real estate offers in your area on online platforms
Obtain non-binding price information from real estate agents
Researching purchase transactions in the land register
However, many sellers find this process challenging as the research effort is high and the available data is often not transparent. Many properties are not listed online, especially those that are harder to sell and tend to fetch lower prices.
Tip
To obtain reliable results, it is advisable to consult an expert. A professional who is familiar with the apartment building market segment can analyze your property in detail. This includes assessing the location, condition and potential of the property and comparing it with recent transactions in the area.
Our offer at SUNSET IMMOBILIEN: We at SUNSET IMMOBILIEN offer you this expert service free of charge and without obligation. Contact us to receive a well-founded assessment of your apartment building and secure the best sales price.
Or would you first like some non-binding and free advice on your apartment building? For example, to assess the value of your property?
