Estimation of the property price
Want to find out what your property is worth? I will prepare a free online estimate of the price of your apartment, land or house.
Free online property price estimate
In the last few years, the value of real estate in many places in the Czech Republic has changed significantly. If you are interested in finding out what the current value of your property is, fill out the short form and I will provide you with a free estimate. I specialize in Prague, Central Bohemia, Pilsen and the surrounding area
1. Smart tools
When I do an appraisal of an apartment or house, I use the latest technological tools, such as price maps that use land registry data to determine accurate property prices
2. Experienced appraiser
Knowing the location of the property is key, as it allows you to take into account influences in the valuation that are not included in current smart apps
3. Exact result
I will provide you with a detailed overview of the value of your property and an estimate of the selling price. This will give you plenty of time to consider your next course of action
Usual, ascertained or market value - how to find out?
Do you believe that the value of a property is only one specific number? In reality, there are several ways of valuation and even real estate professionals may not always be perfectly aware of them. When determining the price of a property, it is crucial to determine the purpose of the valuation, which in turn affects the method of calculation.
Valuation at normal price
The normal price is determined on the basis of statutory rules and is based on an analysis of previous sales of similar properties. It is determined by comparing the actual realised sale prices of properties with comparable parameters - for example, their location, size, facilities and condition. The valuer uses an extensive database of sold properties supplemented by relevant data, including photographs of the exterior and interior.
This type of valuation is often used by banks when processing mortgage loans, but it can also be used in inheritance proceedings, litigation, auctions, foreclosures or when valuing assets contributed to the share capital of a company.
Estimation of the market value of the property
It is often confused with the normal price. The term 'value' implies a degree of subjectivity and uncertainty. Market value is an estimate of the amount for which a property could be sold. Like the normal price, it is based on the sale prices of comparable properties, but in addition takes into account the offer prices on the market and the expectations of buyers. In addition, it may reflect rental yields or the cost of building a similar property.
This method of valuation is used in cases where it is not possible to establish a normal price, for example for properties that are rarely traded. A typical example is a family house built on someone else's land.
Estimation of the price found
This price, sometimes referred to as the administrative or official price, is determined in accordance with the Property Valuation Act and relevant legislation. It is most often applied for tax purposes and is usually lower than the normal price. For example, in inheritance or donation proceedings, for tax office purposes, the appraised value is used exclusively. If the donor sells the property before the statutory period has elapsed, he may in some cases be charged income tax, which is calculated as the difference between the sale price and the appraised price at the time of the gift. As the ascertained price is usually lower than the normal price, its application is more advantageous for the State.
How do I value real estate?
When valuing, I focus primarily on the usual price and market value to best estimate how much your property can be sold for. At the outset of the sale, I will determine the optimal pricing strategy to ensure that the sale brings you the maximum profit.
1. Smart tools
When I do an appraisal of an apartment or house, I use the latest technological tools, such as price maps that use land registry data to determine accurate property prices
2. Experienced appraiser
Knowing the location of the property is key, as it allows you to take into account influences in the valuation that are not included in current smart apps
3. Exact result
I will provide you with a detailed overview of the value of your property and an estimate of the selling price. This will give you plenty of time to consider your next course of action
In the last few years, the value of real estate in many places in the Czech Republic has changed significantly. If you are interested in finding out what the current value of your property is, fill out the short form and I will provide you with a free estimate. I specialize in Prague, Central Bohemia, Pilsen and the surrounding area
My process for selling your property
In the last few years, the value of real estate in many places in the Czech Republic has changed significantly. If you are interested in finding out what the current value of your property is, fill out the short form and I will provide you with a free estimate. I specialize in Prague, Central Bohemia, Pilsen and the surrounding area
Michal Bláha
Sell the property with me and you I'll make you more money without the hassle
Frequently Asked Questions from Clients about Selling a Property
I provide thorough buyer screening, accurate market pricing and professional preparation of your property for sale. My services ensure a safe and successful transaction.
How do you vet buyers and bidders?
I consider the selection of a suitable buyer or tenant to be crucial, especially for rentals, where it is important to find someone who will not only pay the rent reliably, but also treat the property with respect. I therefore speak to each prospective buyer in detail about their situation beforehand and vet them through the utilities to ensure that only serious prospective buyers come to viewings, saving you time.
How do you price the property?
Getting the price of a property right is key, as too low a price can mean a loss of finance, while a high price can put off buyers. At RE/MAX, we rely on data, not impressions, and use price maps and current market listings to determine the fair market price. Upon your approval, we will commence the sale. If there is more interest in the property, we may hold an online auction to ensure the highest possible price to bring you the highest return.
What is homestaging? How do you prepare a property presentation?
Just like a car dealership or clothing store, a property must stand out in terms of cleanliness and attractiveness to attract buyers. I work with professionals who will prepare your property to set it apart from the competition. A team of photographers and brokers will create a bespoke presentation, whether in the form of a 3D model, video tour or virtual staging, to help attract more buyers.
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