We explain the differences between offered, deeded, appraised and market price, and we give you access to our online valuator so you can set the price of a second hand house in Fuerteventura in a simple way.
How much is my house worth? This is undoubtedly one of the most frequently asked questions among those looking to sell a home. The real estate market is in continuous evolution. Nothing has to do the price for which we acquired our home in Fuerteventura at the time, with the value of our home today.
In addition, the disparity of prices offered by different data sources, makes determining the real value of a house a complex process. So, how to set the price of a second hand house in Fuerteventura? Where should I go to determine the real value of my home?
To help you set the price of a second hand house in Fuerteventura in a simple way, in Destiny Home we have launched the first online home valuator on the island. A tool adapted to the reality of the real estate market in Fuerteventura with which to estimate the market price of a home based on variables such as location, surface, distribution, state of conservation and additional extras.
ONLINE valuation of your property in Fuerteventura. FREE and instant
How to calculate the value of my house in Fuerteventura
Determining the value of a house in Fuerteventura can be a challenge due to the disparity of prices found in the market. There are several sources of data that offer information on the price of properties, but the large difference between the prices offered, sometimes seems to further complicate a task that at first glance is not simple.
This price disparity is mainly due to the fact that each source offers a different type of information. The price at which a property goes on the market is not the same as the price at which a transaction is finally closed, just as the price taken as a reference by the bank when granting a mortgage to potential buyers is not the same.
In order to try to shed some light on this matter, we will now show you the differences between the offered price of a property, the deeded price and the appraised price.
Price OFFERED
The asking price is the price shown in the real estate listings on the real estate portals. This value is the result of the seller’s expectations, based on the local market and the current economic situation, but does not always reflect the price for which the property will end up being sold.
In addition, this price usually includes a negotiable margin, as most sellers tend to adjust their expectations when they receive offers from interested buyers. Therefore, the asking price can be a good starting point, but it should be taken with caution and compared with other data sources to establish the real market value of a property.
Real estate portals always tend to offer inflated prices that do not correspond to the final sale prices.
WRITTEN PRICE
The deeded price is the value that is officially recorded at the time of the sale. This data, available at the Registrar’s Association, reflects the real amount of the transaction and is usually lower than the price offered on real estate portals due to the fact that negotiations between seller and buyer usually result in a lower price.
In addition, the deeded price may vary depending on the market situation and the particular conditions of the transaction. This information is useful to know the real market trends and the final figures that buyers are willing to pay.
Price RATED
The appraised price is a technical valuation performed by a professional in order to determine the real value of the property. This process considers factors such as location, physical characteristics of the property and its state of preservation. Although the appraised price is usually close to the market value, it does not always coincide with the deeded price or the offered price, since it focuses on the intrinsic value of the property. This information is essential for those seeking an objective and technical valuation of the property.
The appraised value is the value taken as a reference when granting mortgage loans.
MARKET PRICE of a house in Fuerteventura
At Destiny Home, we know that setting the right price for a property is essential to achieve a quick and successful sale, but that this task is not always easy due to the disparity of prices offered depending on the data source consulted.
That is why at Destiny Home we have worked to launch our own online home valuator, a free tool available for all those who need to estimate the selling price of their property. A free tool available for all those who need to estimate the selling price of their property, adapted to the reality of the real estate market in Fuerteventura. Do you want to know what your property is worth? Access Destiny Home’s online home valuator and get an instant price estimate.
Our new free online home valuator is a practical tool that allows you to obtain an estimate of the value of your home based on the characteristics of the property and the area in which it is located. However, it is important to keep in mind that this valuation only offers a first estimate and that, in order to establish the final sale price, it is necessary for a real estate professional to visit the property personally.
Professional price appraisal
Our agents, with extensive experience in the Fuerteventura real estate market, can help you to make a complete and accurate valuation of your property, taking into account all the necessary aspects to determine the right market price.
Using valuation tools such as our online valuator can be an excellent starting point for those who want to know the approximate price of their home. However, remember that a professional analysis will always be essential to obtain a valuation adjusted to the reality of the market and maximize the potential of your property in Fuerteventura.
Types of Housing Prices
The offered price is the value that is published in the sales ads on real estate portals and reflects the seller’s initial expectations. This price usually includes a negotiable margin and does not always coincide with the final sale value, as negotiations usually adjust this value.
The deeded price is the official value recorded in the deeds at the time of the sale. This amount is usually lower than the offered price due to the negotiation between buyer and seller and reflects the real value for which the transaction is closed.
The appraised price is a technical valuation performed by a professional, based on factors such as the location, state of conservation and physical characteristics of the property. This value is fundamental for financial institutions when granting a mortgage.
The market price is an estimate of the value of the property based on the analysis of the context and the supply and demand of the local market. Destiny Home offers an online valuator adapted to the reality of the Fuerteventura market, which helps to estimate this price quickly and free of charge.
