An online property valuation can provide helpful initial guidance, but is no substitute for a detailed valuation by a surveyor. Online valuations are usually based on statistical methods and general comparative data that take into account factors such as the living space, year of construction and location of the property. They provide a quick estimate of the potential market value based on up-to-date data.
However, special features of a property, such as high-quality fittings, special architectural details or exceptional locations, cannot be comprehensively recorded online. However, these individual features play a decisive role in determining the exact value of a property. In addition, not all relevant information may be included online for data protection reasons.
A valuation by an expert goes much deeper. Not only are all the individual factors of the property recorded on site, but specific market knowledge and structural features are also taken into account. This leads to a more precise and often more realistic assessment of the actual value.
Conclusion: An online valuation is ideal for an initial assessment, while an expert valuation provides a detailed and accurate basis for the sales process.