If you’re thinking about selling your home, the first question that may come to mind is: How much is my house worth? We understand that you want to know this so you can set a fair asking price, allowing you to sell without losing money or scaring off potential buyers.
In this article, we’ll discuss 4 ways to find out your home’s value and focus specifically on online tools you can use to get an idea.
How can I find out how much my house is worth?
There are several ways to find out the estimated value of a home:
Get an official appraisal
This is the most accurate and professional option. It is a valuation issued by an approved appraiser. Its price is usually between 250 and 600 euros, depending on the type of property.
Official appraisals are usually mandatory when applying for a loan, as the bank needs them to calculate the financing percentage.
It is also often used in inheritance or divorce proceedings to determine the real value of the property for tax purposes and subsequent fair distribution.
However, it is also often used in other processes such as auctions, foreclosures, seizures, etc., or to provide security in a sale between individuals.
Consult with a real estate agency
A real estate agency with experience in your area can offer you a fairly accurate estimate for the market. The best part is that this appraisal is often free if you’re thinking of selling with them.
At Ker2000, we offer a free appraisal of your home.
Trust one of the best real estate agencies in Valladolid; you won’t regret it.
Analyze similar properties on real estate portals
Comparing your home with similar ones on platforms like Idealista, Fotocasa, or Pisos.com can give you a general idea of how much you could ask for. Of course, don’t forget to keep in mind that you must find a home that’s exactly the same as yours in terms of square footage, number of bathrooms and bedrooms, floor plan, same street, etc. If even one of these factors changes, the actual price could already be changing as well.
Use online appraisal tools
This option is quick, easy, and, in most cases, free. Many websites offer simulators or automatic appraisers that allow you to get an immediate estimate of your home’s value. Below are some of the most popular ones.
Are there online tools to find out how much my house is worth?
Yes, as we mentioned before, there are online tools that offer free or paid appraisals, most with immediate appraisals and some even with detailed reports.
Use them as a starting point to find out the estimated value of your home.
The best free online tools are the following:
Keep in mind that these free tools will ask you You need to register as a user with your email address and then enter the postal address of the property you want to appraise. They will then send you the appraisal by email.
If, on the other hand, you’re looking for a reliable online payment tool, one of the best is:
This tool was free until very recently.
What factors influence the value of my house?
To give you some guidance, the factors that influence the value of a home are the following:
- Location. A home is more expensive in the best neighborhoods in Valladolid than in the outlying towns, for example.
- M2 of the home
- Number of bedrooms
- Number of bathrooms
- State of repair of the property, as well as whether it has been recently renovated.
- Whether it has an elevator. Higher values depend on the higher the floor it’s located on.
- Whether it has a garage. And more seats mean more value. Nowadays, couples often have two vehicles, one for each member, and this is highly valued.
- If it has a terrace. Even if it’s a tiny balcony, the value already increases. This factor has increased the value of a home since 2019 due to the coronavirus pandemic.
- Energy efficiency. It’s not as important, but if the home has a good rating, it means it needs fewer repairs or renovations, so the property’s condition is unbeatable.
- The views or orientation. If it doesn’t have a terrace, but you can see a beautiful view when you look out the window, that greatly increases its value.
- The real estate market situation in the area. It could be an area in a suburban municipality, but the area may lack homes for sale/rent, or it could be an area with a promising future in several aspects, etc. This factor can greatly influence the value of the home.
Do you want a reliable and personalized appraisal?
Keep in mind that no online tool can completely replace a local expert who knows the market firsthand.
Use them to guide you and get in touch with us! We look forward to helping you achieve your goals.
