Table of Content:
- Importance of Estimating A Property’s Valuation
- Why Estimating A Property’s Valuation Is Important For Buyers?
- Why Estimating A Property’s Valuation Is Important For Sellers?
- How To Estimate Your Property’s Value Accurately?
- Why Should You Use Clicworth?
- How Clicworth Estimations Work?
- Estimate The Property Value With Clicworth In Just 3 Steps
A buying or selling transaction is more about the transferring of an asset.
In this case, the asset is the property you buy or sell and it is crucial to have a realistic idea of its market value before you move ahead. Moreover, estimating the property’s value is also necessary for financing, investment analysis, property insurance, sales listing, and taxation.
So, if you have a plan in mind to buy or sell property, this is your sign to get its accurate market estimation.
Importance of Estimating A Property’s Valuation
Here are a few reasons why it is crucial to estimate a property’s valuation:
It eliminates the ambiguity in determining the value of a property.
It provides you with a fair assessment of a property’s worth, no matter whether you are buying or selling it.
Why Estimating A Property’s Valuation Is Important For Buyers?
Here is why you must estimate the value of the property you are buying:
It helps you determine the actual worth of the property.
It comes to your aid when you need to cross-check whether the sale price mentioned by the seller is appropriate or not.
It saves you from getting scammed and paying a higher rate to the builders.
It gives you a fair idea as to how much loan you can expect before the bank values your property.
It can give you a rough estimate of the coverage cost you can get if you intend to buy insurance for your property.
It helps you calculate the monthly rent if you want to use the property for rental purposes.
Also Read: Instant Home Valuation Tool Every Homebuyer Can Trust
Why Estimating A Property’s Valuation Is Important For Sellers?
Here is why you must estimate the value of the property you are selling:
It helps you make the relevant decision for the property depending on its condition, especially if it's unused.
It assists you in finding gaps that can increase your property’s selling price. For example, smaller renovations can change the selling price of your property significantly.
It gives you a health report of your property. For example, if there’s a pipe leaking in the bathroom, it can damage the wall or the flooring and lead to more expensive repairs. It can potentially reduce the selling price of your property in the future.
It makes sure that you do not sell your property at lower-than-affordable prices to your buyers.
It ensures you fairly assess the property and sell it at a time when market rates are better.
How To Estimate Your Property’s Value Accurately?
Finding a property evaluator which can help you determine your property’s accurate valuation in a city you do not live can be stressful. Most of us just wonder whether an online estimator is trustworthy as it is a long-term investment.
We have a tool in mind that can help you determine your property’s estimated value from your home's comfort!
Clicworth is an online property valuation tool developed by Clicbrics that gives you an instant & accurate estimation of the properties. Clicworth estimates the properties in multiple Indian cities and is currently operational in Mumbai, Pune, Thane, Hyderabad, Noida, Lucknow, Ghaziabad and Greater Noida.
Why Should You Use Clicworth?
Here are a few reasons why you can rely on Clicworth as a property valuation tool:
It helps you find any property's market valuation in no time.
It is free to use.
It is an online tool. You can access Clicworth directly from your phone or desktop. So, no matter where you stay, you can always trust it to provide you with the estimated market value of your properties in Indian cities where Clicworth is active.
It is safe to use.
How Clicworth Estimations Work?
The factors that can influence the value of your property are:
Physical factors like the property’s location, orientation, and how accessible it is
Construction factors like the age of a property, maintenance required in it, and any construction in process
Planning factors like conditions of building and land use
Legal factors like ownership
Clicworth uses a concise data set for your property’s evaluation. It considers the following:
Location of your property
Floor (if you own an apartment)
Area of your property
Price per square foot of your property
Transaction price history or the price at which your property was last sold.
Clicworth uses this data from public, proprietary and user-submitted data into the Clicbrics' price-prediction AI model to estimate your property’s value. It also compares similar properties in the area where your property is located under the comparative property valuation method to assess the value of the properties.
This is exactly what makes the Clicworth estimates more accurate than the rest of the tools out there. Let's say you wanted to buy an apartment in a housing society in Pune. Clicworth will also compare similar properties in the area where your property is located and determine the estimated property value besides analysing the actual property’s location and area. The result will be real-time and instantly!
Check Out: Estimated Value of Properties in Pune
Estimate The Property Value With Clicworth In Just 3 Steps
It takes three simple steps to get an accurate estimation of your property. All you need to do is visit the Clicbrics website and click on Home Estimates. You will be redirected to the Clicworth tool.
Step 1: Add your address(project or locality and click on Check Value.
Step 2: Select the floor number and enter the sq. footage area.
Step 3: The data on the screen is your property's estimated market value.
You can also access the following data along with the estimated property value:
Recent transactions
Price trends
Nearby sold properties
Nearby properties for sale
You can also set alerts to get updates on the changing prices of your property. Clicworth can help you find the real-time market value of properties in Mumbai, Pune, Thane, Lucknow, Hyderabad, Noida, and Ghaziabad and move ahead in the homebuying or home selling journey, with confidence.
Also Read: Enabling Property Price Transparency with AI Powered Estimations