Are you going to sell the property? Then you should know its market price. This can also be referred to as the sale price, i.e. the price the seller agrees with the buyer. In addition, it is also a good idea to know the market price of the property when drawing up a pre-nuptial agreement or when making a gift.
What is the market price of a property?
The market value expresses the price at which the property could be sold at that moment. It is determined by the market and is the price at which the owner is willing to sell the property and the interested party is willing to buy.
How is the market price of a property calculated?
You may be asking yourself how do I calculate the market price of a property. It’s not that simple, it’s not only influenced by the amenities and perhaps a balcony or garage, but also by the good location, access to shops, schools, hospitals and transport links. Moreover, it depends on how much a buyer is willing to pay for your property.