The importance of the appraisal of your house

Posted on 28 November, 2019 by maribel lladró


Welcome one more week to the RedBox real estate blog, in which we will talk about the importance of the appraisal of your house.

The appraisal is a fundamental process in the sale of your home to be able to know the real sale price of the house, as well as when applying for a mortgage to the bank if you want to buy a home so that they establish the amount of financing.

What is an appraisal report?

First of all, it is necessary to define what is an appraisal amount, consisting of a certificate that banks demand to grant a mortgage loan. The appraisal is not free, but has a cost, and with a validity of 6 months and can be requested in banks certified by the Bank of Spain.

Why is appraisal important?

The appraisal provides real information about the value of the home, from which to apply for the loan as well as a reference to calculate the auction value if there is no repayment of the loan.

What elements are taken into account to appraise a house?

Some of the most important aspects are the following:

  • Condition of the house building
  • Property Location
  • Surface of the house
  • Distribution of the different rooms of the house
  • Extras

How much does an appraisal cost?

The appraisal has an approximate price of 400 euros, but it depends on the entity that is responsible for it. Our recommendation is to consult with a professional real estate agency that can help you.

In RedBox Inmobiliaria we will be happy to assist you.

Latest news
© 2024 MARUREMO,SL - All Rights Reserved Software Inmobiliario Sooprema
Manage consent

We use our own and third-party cookies to personalize the web, analyze our services and show you advertising based on your browsing habits and preferences. For more information visit our Cookies Policy

Accept cookies Configuration Reject cookies