Understanding the Overview section of a Dossier

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Introduction

In this article, you will find detailed instructions for quickly understanding the Overview section of the Property Advisor tool.

Summary

1. Estimated price and confidence score

2. Price Strategy

3. Price Evolution

1. Estimated price and confidence score

Once the file has been created, all the characteristics previously entered are displayed in the Summary section.
The valuation suggested by the tool is then displayed. It comprises three elements: the Price, the Price/m² and a Price Range.

For each valuation, the tool calculates a confidence score as follows:

• High = conclusive data, few uncertainties, high probability of reaching this value within 90 days on the market.
• Medium = solid data, some uncertainties, greater fluctuations/gaps possible in the price range.
• Low = potentially inconsistent or insufficient data, high proportion of assumptions and uncertainties. The result is likely to be outside the 10% range.

This valuation is only a suggestion and can be modified if necessary, as indicated below:

• Step 1:
  Click on Add your valuation and specify the price recommendation and price range that you feel best reflects market reality.

It is possible to Show the price per m² instead of the total price, by ticking the corresponding box.

• Step 2:
  Click on the Save button.

Lastly, you have the option of modifying the automatically-generated valuation sentence in the Recommendation field to add details. Example: The price indicated is a Net Sales price (which is the case for our estimate).

2. Price Strategy

Below the valuation, a section called Price strategy provides more details on the recommended pricing strategy. These recommendations will be displayed in the PDF and the Property Page and Permalink. 

The icon allows you to add text (up to 2500 characters) in each of the following three sections:

• Strengths
• Weaknesses
• Recommendation

The Recommendation field is synchronised with the price field, meaning that any changes made to the price field are also visible in the text of the Recommendation field.

When the recommendations are modified by clicking on the corresponding icon , synchronisation is interrupted and the values indicated in the sentence displayed by default will not be updated.

3. Price Evolution

At the bottom of the Summary section, a graph showing Sale price evoluation trends is available.

The price history is calculated by our algorithm over the last three years, based on past transactions and listings.

A 12-month forecast is also displayed, calculated on the basis of the dynamics and trends of the last 24 months.