Are there free home appraisal simulators? Do they give a real price? Are they useful for calculating the value of a property?

What can I use to know the value of my house through a simulator?

A free online home appraisal simulator is used to find out what the market value is, an approximate value of how much your own home could be sold for. Through the appraisal of your apartment online for free you will know what are the most relevant factors, which most influence, in a purchase and sale operation.

In addition, a free appraisal simulator can help you find out what the average valuation price of housing is in your locality or neighborhood, and from this basic information assess how much the appraisal of your own home could amount to.

In any case, we must insist that, before taking more steps forward, and committing to a purchase and sale of a very relevant asset, as housing always is, we always recommend and insist on resorting to the professional appraisal service of a housing professional, from a recognized and approved appraisal company.

See more:

• How much does it cost to write a house?
• Can I appraise my house myself?

What is the only way to know how much my house is worth?

Both in the appraisal of homes, as in the appraisal of land, the only reliable way to know how much it is worth is to resort to the professionals of an Appraisal and Valuation Company such as Euroval, approved by the Bank of Spain. It is the only valid appraisal that you can present and will be recognized by all.

We recommend that you do not trust too much in a free appraisal of your home: it will not have any validity and we doubt that it is reliable enough.

Appraising housing for free is possible, but it may be that, instead of guiding you, it disorients you and you collect incorrect information that is very far from reality.

A home appraisal simulator is a tool, useful, but only introductory. You should not consider it valid to decide on one price or another and it is not possible to affirm if the online appraisal price they offer is too high or too low, but it is certain that it will vary excessively.

What factors does the simulator take into account to calculate the price?

Each home appraisal simulator collects and, above all, interprets different factors to calculate the price of the property. In all cases, they warn, it is only an indicative figure, and they encourage the user to resort to the appraisal services of a specialized company, with professionals approved by the Bank of Spain.

Any appraisal simulator is fed by various public sources of information, most of them free, such as the National Institute of Statistics (the INE), the Cadastre, the Association of Property Registrars or the General Council of Notaries, among others.

And in addition, they add several private sources, such as through agreements with aggregators of real estate portals, collaboration with networks of real estate agencies or data exchange agreements with appraisal companies, among other possible sources to which they can resort on their own initiative.

Crossing all this information, through its own algorithm, they try to show an approximate sale preview, but they always excuse that the estimated price is indicative. There are several simulators of the price of housing that, in their online housing appraisal calculations, self-grant themselves different degrees of reliability and approximation to the real price.

Currently, some of the most complete online housing price simulators collect the demographic profile of those who live in your same area, who your neighbors are.

For example, what is the average age, what is the average income of each home, what is the level of education, the number of members that occupy each home or, even, what is their nationality. All these factors, and many more, influence the final purchase price of your home.

And only an Appraisal and Valuation Company like Euroval is capable of collecting and interpreting all the data correctly. That is why we are the most recognized and demanded professionals within the appraisal sector.