Our firm, Select Estates, is based in Kyrenia City Center, Northern Cyprus, and specializes in property valuation for residential homes. Simply put, it’s free! Our valuations are typically free because it gives us an opportunity to show you the property, promote our services, and potentially make a sale. This is called contact time with the client, and it’s a crucial aspect of a real estate agent’s business model.

When someone is figuring out how much a property is worth, the person doing it (called an appraiser) looks at things like the shape, location, and size of the property. They also check if there are rules about how the property can be used and if there might be changes or improvements in the area in the future.

A bunch of things affect how much your home is worth. Such as Location;  Some, like a good job market, parks nearby, and new restaurants and shops, happen around you. A strong economy and market conditions can help you sell your home for more. You can also do things, like keeping your yard neat and making small improvements, to make your home more attractive. To get the best value, sell your home when it’s a good time in your city and make it look nice and tidy.

We use the comparison method, evaluating your property based on recently sold neighboring properties before a physical inspection, and adjusting for factors such as current market conditions, mortgage rates, location, demand and supply factors, and resale house inventory to estimate the final cost. Consult with your valuers to consider alternative methods like investment, contractor’s, costing, residual, and profit methods for maximizing your profit.

To determine the right price for your property, it’s crucial to get a valuation, as taking care of your home can increase its value; consulting with your valuer helps set a beneficial price, considering factors like furnishings that impact the property’s value and attractiveness to potential buyers.

The goal of property investment is to make it worth more than when you bought it. Simple and low-cost fixes, like cleaning, maintaining, painting with neutral colors, and changing fixtures, can significantly boost your property’s appeal and value. However, avoid over-improving, and explore other low to medium-cost ways to add value.