Es­ti­Mate your prop­erty’s value

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FREE VAL­U­A­TION Co­in­cid­ing with the launch of their web­site, South African prop­erty web por­tal has launched a prop­erty val­u­a­tion tool called Es­ti­Mate. It is a free elec­tronic val­u­a­tion ser­vice of­fered to any own­ers of res­i­den­tial prop­erty in SA who wish to ob­tain an es­ti­mate of the worth of their prop­erty. The ser­vice is pro­vided in part­ner­ship with Light­stone, SA’s leader of au­to­mated val­u­a­tion data and technology. “You don’t need to be a reg­u­lar user of the site to ob­tain a re­port. You don’t need to be in the mar­ket to buy, sell or rent your prop­erty. If you own a prop­erty and you’re in­ter­ested in know­ing its ap­prox­i­mate value then you can ob­tain an Es­ti­Mate re­port free of charge,” says CEO Justi­nus Adri­aanse. “A new re­port is gen­er­ated ev­ery three months, free of charge, should you wish to down­load an update for your records.”

Adri­aanse says the re­ports take into ac­count the area and cur­rent trends. In ad­di­tion, each re­port has a con­fi­dence in­dex that is af­fected by the amount of ac­tiv­ity in the mar­ket in that par­tic­u­lar area. If the con­fi­dence score is not high enough be­cause there is in­suf­fi­cient in­for­ma­tion avail­able on the area Es­ti­Mate won’t pro­vide a prop­erty value. Prop­erty own­ers need to pro­vide de­tails prov­ing they’re the owner as well as some ba­sic in­for­ma­tion, and they can down­load an es­ti­mate.

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