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Monday, May 30, 2022
Real estate investment Safire Real Estate Vendors catastro

Sale price of your house: forget about free online real estate valuations

You are there again. Tick, tick, tick and a price appears... If you don't like it, we keep trying... Let's see, a second... Do you know if it really helps to try all the online websites with free real estate valuations to find out the price? for sale of your house? Well the answer is... Yes, as you know, IT DOESN'T USE ANYTHING. We tell you why. And so you can use your time in more productive searches to contribute to the actual sale of your home. Let us begin!

There you are again. Tick, tick, tick and a price comes out...  Do you know if it really helps to try all the online websites with free real estate valuations to find out the sale price of your house? Well, the answer is... Yes, as you know, IT DOESN'T USE ANYTHING.


And since you already knew, we will tell you why, so you can use your time in much more efficient actions to contribute to the real sale of your home. Let's get started!


How would you put the sale price of your house?

If you want to sell your house or apartment, you have been Thinking how to put a real price on your sale. Start thinking about it, know what you would win, make your forecasts... But are they based on real and official data? In this article we are going to explain one of the most common methods that you will find (or have found) on the internet and that you should not take into account to set a price... And go to a real estate professional. Because as we usually ask... Do you go to the hairdresser to tell him that you will get the new haircut yourself? So why say that you are going to sell the house in which you still live, if you don't even know where to start?


Well, knowing, if you know... using Google is already part of the daily routine, and how good it is for us when the child asks us why the sea water is salty, to know if that pharmacy is open right now... But we also know that not everything is what it seems on the internet and even so, we keep falling. And it is that within the world of online real estate valuations (which will never be appraisals), there are three different methods of data extraction, one of which is price by comparison, which is the most used, but also, because it is so, it is quite inefficient.


Reasons why a free online appraisal with witnesses is not appropriate:

To find out a sale price of your house, these digital tools are integrated into the web of many portals and real estate websites. They mostly use their Big Data from properties to yours currently for sale to establish a sale price by area, characteristics and other internal filters, but well, these base prices are sale prices, which does not mean that are going to be sold, or that they are updated prices (sometimes, not even the chips are) or that it is the one that since January 1, takes the Cadastre to make an updated property sale price.


How much would you set it to?

Yes, it is possible that now that you read it, say... yes, I know that this is worthless. But that wouldn't be true either, or yes, or no... Let's see. It's good, because these new sales habits that you are acquiring imply a much-needed change in mentality. Because if you are not sure about selling, in that case, do not contact a real estate professional. If, on the other hand, you are already messing around on the internet, it is a good sign.


What you should not take into account when setting a sale price: it before the visit with the real estate agent.< /b>


Mirror mirror, tell me which is the most salable of all houses...

Well, it would be easy. The downside is that afterwards we must come down from the clouds... Which makes it more effective to get down to work with what we can really change: we encourage you to review all the important points before putting your property up for sale and start acting, because if you want to sell, surely there are things you can do from now on to improve your selling options as much as possible!


At Safire Real Estate we know that illusion is the one that leads you to inform yourself, the same one that leads you to contact us. And we want you to manage your time 100% effectively. So, if you want to make a good free assessment, we recommend that you do it in the following way:

  1. Rate the property on a trusted website. Not all websites and portals offer ratings with their own data. Some, furthermore, do not even have permission to track their robots on those websites.
  2. Learn to distinguish the real from the imaginary. In other words, if you really want to do it, surround yourself with the right professionals.
  3. Increase even more (if possible) your critical reasoning: Never forget that the valuation is almost always done (at least the valuations to which you have free access) through the authorized methodof comparison.
  4. Respect your privacy and do not give it away: You have to know that if this assessment is free (or almost) it is because you are giving up your data (email, telephone, etc.) and in one, two, three, emails and announcements from companies and companies that do not even interest you will begin to arrive.


I already know the indicative market price... Now what?

Real estate valuations They are an initial orientation of a price, which, although not real, can help us make our forecasts, see the general state of the real estate market prices in your area, or even see what is the possible reality that you are going to face once Put yourself in the hands of a specialized agent. This agent will not stay but with his arms crossed. Although the initial price is a basis on which to work, the first step we will take is to visit the property.


The visit to the property will provide us with extra data to our free valuation that we will do in a personalized way, since we will provide real data such as square meters (they do not always coincide with the deeds) state of energy efficiency, modifications, reforms , etc. In addition, taking into account the possible modifications derived from the price of the cadastral value and how to solve it in case of price drops, and thus establish a real sale price suitable for your pocket, your expectations, your future taxation and that of your future client.


(Real) variables that do influence the sale price of a property

The sale price of a house is the acquisition value that we give it. Therefore, there are variables to take into account such as: the state of the property, its age or the environment where it is located, how exclusive it is and how supply and demand are at that moment in the area that as you know, they are directly related to the price of a certain product or service: thus, the more offer similar to yours at a given moment and the less demand, the more out of price you will be, which may imply variations in the price or changes in the sales strategy of your property if you really want to sell. Also your own needs (more or less urgency or need for liquidity) can influence these sales price strategies. 


In addition, as you know from 1 of January 2022, the sale value is also governed by the cadastral value of a property, which uses the historical sales price witness of similar properties in the area. It is very possible that after these changes, and always taking into account their full application in the whole of the Spanish territory, in the long run the comparison by witnesses will be more efficient. Of course, always taking into account that the online websites where you make these free assessments are based on the data provided (and updated) by the Cadastre. As we say, what will really provide you with real data is an official appraisal and surround yourself with the right real estate experts and also, always check that the data provided by the Cadastre does not generate discrepancies with the new annual reviews.


And finally... The reality of the real estate market is what it is and selling your property will be part of it

We must bear in mind that selling our house or apartment in the current real estate market is not a matter of days, there is hard work and strategy behind all our actions, and it is not in vain that we give you the energy certification of your property when you decide to sell with Safire: because we polish precious stones so that they get the reward they deserve, and this is not invented, it is studied, evaluated, negotiated and established.


So now you know, if you want to sell your house or apartment and you are thinking of selling your property, request an appointment with our agent. And if you are at it and want to know how to start selling your property, we recommend that you read our guide for homeowners who want or are considering selling their property, you can download the guide to think about selling your house here.