A valuation is valid for a specific moment in time. It may need to be reviewed when:
- interest rates change;
- buyer demand increases or declines;
- several competing properties enter the market;
- comparable listings reduce their prices;
- the property remains unsold;
- the owner renovates or changes the property;
- local development affects the area.
Agents should agree with the seller in advance when the pricing strategy will be reviewed. For example:
Keep every valuation aligned with the current market
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