3 factors that influence your property valuation

Africa Melane speaks to property practitioner Dominiqe Amaral-Ferreira.

While property pricing is ultimately determined by what buyers are willing to pay and what sellers will accept, property valuations are a starting point. 

This is not to be confused with a property’s municipal value, which determines how much rates and taxes you should be paying. 

Property is evaluated based on its size and condition, the supply of similar properties, and location.

“That is how we get the pricing to put your property on the market with, we’ll give you an upper [margin] and a lower [margin].”

- Dominiqe Amaral-Ferreira, property practitioner

Properties in desirable areas with good schools, low crime rates, easy access to work, and great shopping and entertainment locations also tend to have higher market values.

“Those things create a hyperlocal market that people are looking for and does increase the property price because the location is in greater demand.” 

- Dominiqe Amaral-Ferreira, property practitioner

Scroll up to the audio player to listen to the discussion.