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As a homeowner, it is common to wonder whether you should have your property valued every 10 years. The quick answer : no. Getting your house or apartment appraised at fixed intervals makes little sense. It is better to request a valuation based on key events, significant market changes or your personal projects. Here’s why.
The first thing to understand, a property valuation provides a value at a given moment. It is therefore a snapshot of the market at that precise time. It is only valid for a limited period, typically between 3 and 6 months, depending on market fluctuations and the property’s features. Waiting 10 years between two valuations risks leaving you with an outdated and inaccurate view of your property’s real value when you decide to sell years later.
There are specific situations where this process becomes relevant, even essential :
. You want to sell. A fair valuation allows you to set a coherent asking price, avoiding overpricing that delays the sale or underpricing that costs you money.
. Change in family or estate situation. Divorce, inheritance, donation. A valuation is then required to share assets fairly or meet tax obligations.
. Financing needs. A bridge loan or mortgage often requires a reliable valuation as a basis for the bank’s analysis.
. Tax declaration or disputes. A valuation ensures an objective value to avoid litigation or reassessments.
Property prices can fluctuate considerably within just a few months. According to the Journal de l’Agence, it is crucial that the valuation uses recent price updates, especially in an active market. In times of rapid increases or declines, updating valuations more frequently makes far more sense than sticking to an arbitrary ten-year cycle.
Here are the different solutions :
. Valuation by a professional, such as our Edouard VII agents. This gives you a reliable price range. And at Edouard VII you can have your property valued anytime for free ! Contact us to learn more.
. Expertise. Carried out by a certified property expert it is more formal and costly, but legally indisputable. Useful in cases of disputes, inheritance or tax clearance.
. Online simulators. Convenient for a first quick idea, often free, but purely indicative and requiring confirmation by a professional.
You can support valuations with several trustworthy tools :
. Patrim. The official tax administration tool, available via impots.gouv.fr, giving access to recent sales based on your criteria.
. DVF databases (Demandes de Valeurs Foncières). Public data on transactions over the past five years.
. INSEE notary indices or PERVAL notarial files to contextualize prices regionally. These resources strengthen your valuation by providing recent and factual bases.
If you own a property in Menton or Roquebrune-Cap-Martin, when the time comes you can rely on Edouard VII’s expertise for a free, accurate and precise valuation. Our advisors take into account your property’s condition, features, exact location and local market trends. This allows them to provide a realistic and usable assessment, whether for a sale, transmission or simply to know the current value of your assets.
No, you do not need to have your property valued every 10 years. A property valuation should be requested depending on events (sale, inheritance, financing), market conditions and your projects, not on a fixed calendar. So, if you plan to sell your property in the coming months, contact us. Our Edouard VII experts will provide a free valuation of its current market value in Menton or Roquebrune.
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