We give you the keys to finding out the price of a house with online valuation tools. If you want to know the price of your house, there are several ways to do it.
There is two ways to do it: free y paying. Online valuation tools can give you a valuation of your house in a few minutes and completely free, although some are inaccurate because they have little data for comparisons.
Knowing how much a house is worth is one of the most important steps when selling it. And although there are now many free online valuation tools, most experts agree that owners tend to expect too high a price compared with market values. So what's the best way to find a realistic sale price for a flat? What are the consequences of putting it on the market at the wrong price?
Online Valuation Tools for Estate Agents
At Valoracasa Estate Agents we have two online valuation tools for our clients:
- Statefox: shows you all the homes currently for sale in the area.
- MVI: tells you about all the homes sold in the area in recent months.
- Datavenues: is the professional valuation tool of the Fotocasa property portal, which compiles all the data on homes that are or have been for sale in the same street at the same time.
Both tools are paid and exclusive to property professionals. Thanks to them and our knowledge of each area, we can give our clients a complete report with the real market value of their home.
You can request your free valuation at any time through the link below and ask for an advisor to visit your home for a more thorough valuation, or for us to send it to you by email or WhatsApp completely free.
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Free Online Valuation Tools
Online home valuation tools give an indicative value y no is valid for official procedures such as court cases or mortgage loans.
The aim of these valuations is to give you a market valuation when putting your home for sale, although most of the time that alone isn't enough.
Online valuation tools take into account three factors to determine a home's value: the homes for sale in the area, the average value of the square metre and the type of homes in the area.
But a valid valuation needs many more factors, the most important being the homes recently sold in the area, and only the Land Registry.
In this case, the only valuation tool with this data is the valuation tool of the Land Registry itself, which can only be accessed by registered professionals in the sector on payment of a fee.
That's why at Valoracasa Estate Agents we always maintain that an accurate, correct valuation requires a professional to visit the home, whether a property advisor who usually carries out the valuation free, or a certified valuer who will charge for the visit between €150 and €400.
What are the best online valuation tools?
The best tool by far is MVI, the Land Registry's professional tool, which has real data on homes sold in the area and in the same building, the best comparison indicator for a valuation.
The good thing about this tool is that it's constantly updated and has the real figures recorded in the deeds of sale.
The downside is that it's exclusive to professionals in the sector. To get it, just contact us and ask for it, completely free y no obligation.
Tips for getting a house's value with online tools
To get a proper valuation of a home, you need to combine the information of the online valuations and request a visit from a professional specialising in the area where the home is located, who can provide a personalised study of the property.
Bear in mind that there are many details you can't know without visiting the home, such as its condition, the orientation, the building, the natural light and much more.
All of these matter when determining a home's correct value, and you can only know them if the professional visits the home.
That's why we always recommend that one of our advisors visits the home, at no cost or obligation to the client, to determine the value more accuratelyand, if necessary, advise the client on any other legal or tax questions about the sale.
Juan Rosado
CEO
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