Determining the Right Asking Price for Selling Your Home
Setting the perfect asking price is crucial when selling your home. An overly high price can deter potential buyers, while a price that’s too low might mean missing out on money that buyers would be willing to pay. How do you find the right balance?
What is an AVM?
An AVM, or Automated Value Model, uses advanced algorithms to estimate the value of a home by considering various real-time market trends, data, location, and property details.
Is an AVM accurate?
Unfortunately, AVMs are not known for their accuracy in determining the true value of a home. They often have significant error margins, especially in Ibiza, where property prices can vary greatly due to several factors. An AVM often misses the personal and unique aspects of a property that affect its value. While AVMs use data from similar properties on the market, they do not always reflect the specific features of your home or the nuances of the local market.
How do I get an accurate estimate?
For a more accurate valuation, it’s best to contact us directly. We conduct a thorough market analysis that considers your specific property, market trends, recent comparable sales, and other relevant factors. This results in a much more accurate estimate than a standard AVM.
What is a Comparative Market Analysis (CMA)?
A Comparative Market Analysis is carried out by one of our experienced agents. It provides an accurate appraisal based on the specific features of your home that can influence its value, such as the condition of the house, marketability, location, and amenities.
Setting the right price!
For the right price, get in touch! Contact us today for the most accurate valuation and sell your home for the perfect price!
