At Demos Georgiou & Associates LLC, we believe that trust, professionalism and ethical conduct are the foundation of the real estate profession. The following case illustrates how these principles guide our approach in practice.
At Demos Georgiou & Associates LLC, we believe that trust, professionalism and ethical conduct are the foundation of the real estate profession. The following case illustrates how these principles guide our approach in practice.
A private property owner approached our office requesting a valuation of a commercial property, as he was considering placing the asset on the market for sale. During our initial discussions, the client shared the price level he was hoping to achieve, based on his expectations and informal market feedback.
As professional valuation surveyors, our responsibility is to provide independent and objective advice, regardless of external expectations or pressures. Our team therefore proceeded with a thorough assessment of the property, analysing recent comparable transactions, market trends and the specific characteristics of the asset.
Following our analysis, the market evidence indicated a value that was lower than the client’s initial expectations.
Rather than simply aligning our opinion with the desired selling price, we presented the client with a clear explanation of our methodology, the market data we had relied upon and the factors influencing the valuation.
Although the outcome was not exactly what the client initially anticipated, the transparency of the process helped establish confidence in the result. The client ultimately appreciated the honest and independent advice, recognising that an accurate valuation would allow him to position the property realistically in the market and avoid prolonged marketing periods.
This case reflects an essential principle of our profession: true value lies not in meeting expectations, but in delivering objective, responsible and ethical advice.
At Demos Georgiou & Associates LLC, we remain committed to providing advice grounded in professionalism, independence and the highest ethical standards.
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