It sounds good, but neither an algorithm, a spreadsheet, nor even an expert opinion can tell you with absolute certainty how much buyers will actually be willing to pay for a specific property.
The real feedback comes from the market itself: the buyers who view the property and then make an offer.
Over the past month, we have come across two properties that had previously been significantly undervalued by fellow “experts.” At the same time, an automated property valuation tool missed the mark by almost HUF 10 million.
There is no one-size-fits-all formula for valuing a property.
The market price is not a predetermined figure. It is the value ultimately validated by buyers and the offers they are willing to make.
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