At Besson Immobilier, we understand that each property has its own story and each owner has unique goals. That's why we present here all the steps of our real estate appraisal process, carefully designed to meet your specific expectations. Whether it's for a sale, an inheritance, financial planning or any other project, our personalised approach guarantees an accurate valuation of your Verbier property.
Read our previous blog post on the importance of using a local, competent agency such as Besson Immobilier to value my property in Verbier.
1. Gathering information
Purpose of the valuation: We first discuss with you your specific objectives for this valuation to ensure an accurate valuation that meets your expectations. A valuation may be undertaken for a sale, an inheritance, financial planning, a change of mortgage, etc.
Viewing the property: We will visit your property to see its size, features, location, amenities, etc. The visit is thorough: we take the time to understand the specific details that could influence the value, such as the views, finishes, recent renovations, the general condition of the building as regards the flats, etc.
Understanding local attractions: we highlight Verbier's unique features, such as its proximity to ski slopes, bus stops, amenities, panoramic views, etc.
Documentation of features: All features of the property are noted, including number of bedrooms, bathrooms, size of property and plot, year of construction, recent renovations, etc.
2. Market analysis
Analysis of market trends: As a major player in the Verbier property market, we keep a close eye on local, national and international market trends. We constantly analyse trends in demand for comparable properties, such as luxury properties, three-bedroom flats and chalets, so that we can stay ahead of our customers' expectations. This is done upstream and on an ongoing basis to stay at the cutting edge.
3. Customised property valuation
Market comparison: thanks to our knowledge of the market, we can establish a comparison (known as the comparables method). This data is used as a basis for valuing the property with other similar properties.
Renovation costs: we estimate the cost of renovating your property if necessary, less depreciation.
Expansion potential: for chalets, we analyse the property's development potential, taking into account the Lex Weber and its 30% expansion potential, as well as current local building regulations.
Rental income assessment: Specifically designed for rental properties, at your request we can analyse the income potential that your property could generate.
4. Drawing up the valuation report
Report writing: We will compile all the data and analyse it in a detailed valuation report. We will include the features, plans and photos, as well as the costs associated with the PPE. We also study the minutes of the PPE meetings in order to analyse the general state of the building, the work carried out and future work.
Presentation of results: The report is presented to the owner of the property, usually with a discussion of the factors that influenced the valuation. The analysis report will present the actual value as well as the market value.
5. Review and finalisation
Revision of results: If necessary, adjustments can be made based on the owner's comments or changes in the market.
Finalising the valuation: Once all parties agree on the estimated price, the report is finalised.
6. After the valuation: maximising the visibility and value of your property
Putting your property on the market: If your property is ready to be put up for sale, the valuation helps you set a competitive and attractive price to attract potential buyers.
Strategic advice for owners: Receive personalised advice on specific improvements and adjustments that can maximise the value of your property and increase its attractiveness on the real estate market.
At Besson Immobilier every step of our valuation process is carefully designed to ensure an accurate and personalised assessment of your Verbier property. From a thorough viewing of your property, to an analysis of local and international market trends, to an assessment of rental income potential, we understand the importance of enhancing every detail that makes your property unique, and so we use our expertise to provide you with a complete picture of your property's value and present it in a way that appeals to your initial objective.
If you are considering putting your property up for sale, our team is here to help you set a competitive and attractive price that will attract potential buyers. In addition, our personalised strategic advice can guide you towards improvements and adjustments that will maximise the value and appeal of your property in the Verbier property market.
To discuss marketing your property with our team of experts, please contact us for a confidential, no-obligation consultation. We are committed to supporting you every step of the way, ensuring that you make informed decisions that are beneficial to the future of your project.
The entire Besson Immobilier team is ready to make your property shine in the Verbier real estate market. Let us guide you to real estate success!