Home valuation: Get a free price quote • Quick response
Home valuation
Wondering what your home is worth? Whether you’re selling, refinancing or just curious, an accurate valuation can be an important part of the process. But it can be challenging to know where to start and how to find a skilled and reliable real estate agent.
We’ve partnered with a nationwide network of highly qualified real estate agents and appraisers who can help you with your valuation.
We can also provide you with a free, no-obligation quote from an agent in your local area.
Get a free quote for home valuation
Send us a short description of your wishes and needs, and we’ll help you find the best suited appraiser for your particular task.
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What is a valuation?
A valuation is a professional assessment of a property’s market value. Valuations are normally carried out by real estate agents, taking into account factors such as location, size, standard, age and market conditions. The aim is to estimate what the property is likely to sell for on the open market. You can also order a valuation report from a certified valuer. This is a more thorough valuation than the one you get from the estate agent, but it also costs more.
There are different types of valuations adapted to different needs. A simple valuation is largely based on comparable sales in the area. A more thorough technical valuation involves an inspection and assessment of the technical condition of the property.
Although an exact market value can never be determined, a professional valuation provides a good indication. This can be useful when selling, buying, settling an inheritance, divorce or applying for a loan or refinancing. The valuation provides an objective basis for decision-making and creates security for all parties. The real estate agent’s expertise and experience are crucial for a reliable assessment.
What does a property valuation cost?
The cost of a valuation depends on the type of valuation you want, the size of the property and the complexity of the assignment.
- Valuation (broker): This is the simplest form of valuation and is carried out by a real estate agent.
- E-rate (broker): This became the new industry standard in 2017 due to large discrepancies among real estate agents’ valuations of similar homes. This valuation provides a value based on a physical inspection carried out by a real estate agent, in combination with statistical data on similar homes in the area.
- Valuation (appraiser): This is the valuation that carries the most weight and is carried out by certified appraisers.
Valuations and e-valuations carried out by a real estate agent usually cost between SEK 3,000 and 5,000. However, if you choose to use the estate agent in question in connection with the sale of your home, many people get a free valuation with their purchase. A valuation carried out by an appraiser usually costs between NOK 5.000 and 10.000
What do you look for during a valuation?
When a real estate agent performs a valuation, they consider a number of factors that affect the value of the property. These include:
- Location: How attractive the area is, views, proximity to amenities, public transport and noise levels.
- Property type and size: Detached house, apartment, townhouse, number of rooms, floor space and primary rooms.
- Standard and maintenance: Build quality, floor plan, refurbishment and modernization of bathrooms and kitchens.
- Age: Both the age of the property and the age of key components such as roofs, pipes and windows.
- Rental units and development potential: Possibility of renting out parts of the home or potential to build on.
- The plot: Plot size, sun conditions and any unused building rights.
- Parking: Garage, carport and parking space.
- Energy efficiency: Insulation, windows and heating sources. The energy label may affect the value.
- Documentation: Completion certificates, drawings, planning applications, wet room certificates and declarations of conformity for electrical work.
- Market: Market conditions in the area, comparable sales, demand and price trends.
The agent makes a comprehensive assessment based on all relevant factors. The property’s location and size weigh heavily, but also standard and maintenance. The agent looks for strengths and weaknesses and weighs these against each other. The aim is to provide a good estimate of what the property is likely to sell for in the current market.
How does the process work?
A valuation is a relatively simple and quick process, which is usually carried out in this order:
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Book a valuation:
The first thing you need to do is order a valuation. You can either do this by filling out this form, or by submitting an inquiry through bestemgeglere.no. Once we’ve received your request, we’ll investigate which broker is best suited to your particular assignment. We will then forward your request directly to the broker in question. -
Inspection is carried out:
The broker will then contact you directly to arrange a time for an inspection. During the inspection, the agent will carefully go through the property and document its condition, standard and any upgrades. The agent is obliged to take at least three photos of the property for documentation. During the inspection, you will also have to answer key questions about the year of construction, what upgrades have been carried out, share of joint debt, etc. -
The appraisal:
After the inspection, the agent will set an asking price for the property based on the inspection, statistical data, local knowledge and what similar properties in the area have been sold for. The asking price should be a realistic price and should indicate what your property could be sold for in the current market. -
E-appraisal (electronic appraisal):
During the preparation of the valuation, the estate agent takes as a starting point all the information obtained that may affect the value that is set. All information is entered into a document called an e-appraisal. The completed e-valuation is stored in a database, where both you and the bank have access to the valuation that has been made.
Can I get a free home valuation?
Many estate agents offer free valuations as part of their services. This is often part of the process of attracting new customers and assignments. Free valuations often come with certain obligations. Some brokers expect you to enter into a sales agreement with them if you choose to sell.
A free valuation from an estate agent will typically be simpler and less detailed than a paid valuation from an appraiser. The real estate agent relies heavily on their knowledge of the local housing market and recent sales of similar properties in the area.
Even though the appraisal is free, it’s important to remember that the agent has an agenda. They want to convince you to choose them as your agent if you’re selling. So be prepared for some sales talk.
A free valuation from a real estate agent can be useful, especially if you intend to sell your home. However, it will be difficult to get a free valuation if you are going to use the valuation for other purposes, which means that the estate agent has nothing to gain from giving you a free valuation.
How do I get a quote for a property valuation?
The first thing to do is to get in touch with a real estate agent who offers valuations as part of their services. There will always be several estate agents to choose from, especially in larger cities where there are many established estate agents.
Figuring out which agent to contact can be very time-consuming. Brokers are salespeople, and no matter who you contact, they will try to convince you that they are the right person for the job. It’s not often that you sell a property, and it can be difficult to know what to look for, what qualities the agent should have, and what you should emphasize when it comes to choosing an agent. This is where we come in.
We work with real estate agents all over the country and can quickly and easily put you in touch with a skilled and experienced real estate agent near you. This means you don’t have to contact different brokerage offices and spend hours talking to different brokers, and you can rest assured that you’ll be put in touch with someone who has the experience and expertise needed to sell your property efficiently.
Fill in the form on our website and we’ll forward your enquiry to the estate agent best suited to your particular assignment. Our service is free and completely non-binding.
How can I increase the value?
When selling a property, there are certain measures that will have a direct impact on the value of the property. There are also a number of measures you can take that don’t necessarily have a direct impact on the value, but which will make the property more attractive to potential buyers.
- Maintenance: Well-maintained homes maintain their value better. Fix small issues such as loose door handles, leaking taps, cracks in the paint, etc. This will help the estate agent or valuer to get a better overall impression of the property and will also have a positive effect on potential buyers.
- Energy efficiency: Upgrades that improve the home’s energy efficiency can be attractive to buyers, such as new windows, insulation or a modern heat pump.
- First impressions: First impressions are very important. Make sure the house looks good from both the outside and the inside.
- Tidy up outdoor areas: Stain or carpenter pavers, cut the grass, and tidy outdoor areas. Leaving a good impression both inside and out creates a good overall impression.
- – Renovation and modernization: An upgraded home will greatly increase the value of the property. Kitchens and bathrooms, in particular, have a lot to do with the value of the property. If these rooms are outdated and have major deficiencies, this can lead to major repair costs in the long term, which in turn will cause the value of the property to fall.
- Tidy and organize inside the home: A tidy and organized home seems more inviting and spacious. Clear away clutter and excess furniture before viewings.
- Neutral décor: Personal preferences can narrow down the buyer group. Keep the décor neutral with light colors and minimal personal elements. This makes it easier for potential buyers to envision themselves in the home.
A skilled real estate agent can provide more specific advice based on your property and the market. They know what buyers in your area are looking for and can recommend changes that offer a good return.
Hva bør jeg gjøre før takstmannen kommer?
- Rydd og rengjør: Sørg for at alle rom og arealer er tilgjengelige og oversiktlige. Rydd bort løse gjenstander, møbler eller annet som kan hindre takstmannens tilgang til vegger, gulv og tak. Et rent og ryddig hus gjør det enklere for takstmannen å oppdage eventuelle skader eller avvik.
- Finn fram relevant dokumentasjon: Samle gjerne sammen byggetegninger, ferdigattester, tidligere takster, kvitteringer for oppgraderinger eller andre dokumenter som kan gi verdifull informasjon om boligens historikk og tilstand. Jo mer informasjon takstmannen har tilgjengelig, desto mer presis og utfyllende kan tilstandsrapporten bli.
- Sjekk at alt fungerer: Før takstmannen kommer bør du teste at alle tekniske installasjoner og utstyr fungerer som det skal. Dette gjelder for eksempel varme- og ventilasjonsanlegg, panelovner, kjøkkenventilator, baderomsvifter, dusjkabinett og servanter. Påse også at alle vinduer og dører kan åpnes og lukkes på normal måte.
- Merk deg kjente feil eller mangler: Hvis du kjenner til spesifikke skader, feil eller mangler ved boligen, bør du notere disse og informere takstmannen om dem. Det kan for eksempel dreie seg om fuktskader, sprekker i mur eller problemer med drenering. Ved å være åpen om kjente avvik, bidrar du til en mest mulig korrekt og transparent tilstandsrapport.
How accurate is a valuation?
A valuation carried out by a real estate agent is a qualified assessment based on the agent’s market knowledge and experience. However, it is not an exact science. The agent cannot predict exactly what a buyer will be willing to pay, especially in a changing market.
Accuracy depends on several factors. In active markets with a lot of recent sales, it will be easier for the broker to give a precise assessment. In more stagnant markets, it becomes more difficult. The broker’s local knowledge and experience also play a role. An agent who knows the area well and has sold many similar properties there will probably give a more accurate assessment.
A valuation is an informed opinion, but not a guarantee. Changes in the market, interest rates and even seasonal variations can affect the final selling price. Most valuations have a margin of error of around 5-10%. It is not uncommon for a property to be sold for a little more or a little less than the valuation on which it is based. Hvor nøyaktig er en verdivurdering?
What is the difference between a valuation and an appraisal?
A valuation is usually carried out by a real estate agent. It is based on the agent’s knowledge of the local housing market, recent sales of similar properties and an assessment of the general condition and attractiveness of the property. Valuations can vary in scope and level of detail, from a quick assessment to a more thorough analysis.
An appraisal is carried out by a certified appraiser. This is a more formal and standardized assessment that follows specific industry norms. An appraisal often involves a thorough technical review of the property, focusing on building quality, condition and any faults or defects.
The difference lies mainly in who carries out the assessment, the method used and the level of detail in the assessment. An appraisal is more technically focused, while a valuation is based to a greater extent on statistical data.
When should you do a valuation?
- Before selling: If you are considering selling, a valuation gives you a good starting point for determining your asking price and managing your expectations.
- Refinancing: Banks and lenders may require an updated valuation when refinancing a mortgage.
- Inheritance and probate: In the event of inheritance or divorce, a valuation may be required to determine the value of the property and ensure fair distribution.
- Tax: Valuation may be relevant when calculating wealth tax or property tax.
- Curiosity: Sometimes it’s just interesting to know what your home is worth, even if you’re not planning to sell anytime soon.
How old can a valuation be?
How long a valuation is valid depends on market activity and the stability of the local housing market. In a stable market with steady price development, valuations and appraisals have a lifespan of up to 6 months. If prices are rising or falling rapidly, or if there are significant changes in the neighborhood, the appraisal may become outdated sooner.
As a general rule, a valuation should not be older than 3 months when used for official purposes such as loan applications or other legal processes. Banks and other institutions may have their own requirements for how recent a valuation must be.
For personal interest or long-term financial planning, a slightly older appraisal may still be useful, but be aware that the market may have changed. If in doubt, especially if you’re planning to use the appraisal for something important, it’s best to get an updated appraisal.
How long does a home valuation take?
How long it takes to get a valuation depends on the type of valuation you want, the size of the property and the capacity of the estate agent or valuer.
In the case of a valuation/appraisal carried out by a real estate agent, the actual inspection usually takes half an hour. If you hire an appraiser to carry out a valuation, it may take a little longer, often in the region of 60-90 minutes.
After the inspection, the broker/appraiser will spend time analyzing the findings, comparing the property to similar properties in the area, assessing market trends and taking into account any unique aspects of the property. This process can take anywhere from a few hours to several days, depending on the complexity of the appraisal and the capacity of the broker/appraiser.
In most cases, the valuation is delivered within 2-7 days after the inspection, but this can vary. It may be a good idea to clarify the time frame with the broker/appraiser so that you can plan accordingly.