Ever questioned how a lot your property is price? Or what in regards to the worth of the property of that wealthy aunty you go to each Chinese language New Yr?
Previously, the closest you will get to a valuation can be to scour itemizing websites like 99.co and SRX to see current transactions in your neighbourhood as a gauge. The opposite different is to pay an accredited property valuer to examine and furnish you with a valuation report – which could be a trouble, and to not point out price you cash. The excellent news is that we’re right here to make issues less complicated!
Introducing our newly revamped 99.co Property Worth Software!
You’re in all probability questioning, how did we derive this estimate? Is it correct?
First, we all know getting an correct valuation for any property isn’t straightforward, however there are normal patterns that propel a property to command the next price. These embody proximity to facilities, ground space, ground degree and tenure, amongst others:
With so many variables, it’s tough to pin down the precise worth of a property, proper? Fortunately, SRX, a subsidiary of 99 Group, was the primary to introduce an idea referred to as X-Value since 2014.
The X-Worth device automates valuation calculations and serves as a information of reference for potential patrons and sellers. Wanting paying for a licensed appraisal, X-Worth is as shut because it will get to having a superb gauge of your property’s worth free of charge.
We’ve since built-in our X-Worth algorithm into our new 99 Property Worth Software to make it even less complicated so that you can use.
How dependable is our Property Worth Software?
Our Property Worth Software calculations are based mostly on completely different machine studying fashions with the goal to seek out patterns in time, location and property attributes earlier than figuring out property transaction costs.
These machine studying fashions periodically refresh themselves to remain related to present property costs. This implies you’ll be able to relaxation assured the worth that’s generated is essentially the most correct and up to date model we’ve in keeping with our reside information sources.
How correct is the worth you see?
We’ve spent years refining the algorithm for our Property Worth Software. Thus far, our algorithm often provides a lower than 2-3% deviation of the property worth from the ultimate transacted value. This implies you’ll be able to belief the worth we present you and anticipate as much as a 2-3% distinction within the last value the property will transact at.
We’re additionally the primary available in the market to introduce worth for HDB Minimal Occupation Interval (MOP) properties. You not have to take a seat and wait to see what your neighbours are transacting at earlier than realizing what your attainable good points are in your BTO unit.
So what are you ready for? Signal-up and monitor your property house worth free of charge in the present day.
In the event you discovered this text useful, 99.co recommends Right here’s the right way to make your home-selling journey smoother, in keeping with property brokers and 5 renovation ideas and developments that may destroy your property’s resale worth.