Knowing the value of your home is essential when you are thinking of selling it, renting it, using it as collateral or even when you need to refinance it. This assessment, known as appraisal , allows you to know what the market value of the home is at that time. In the case of applying for a mortgage, the appraisal of the home is one of the components to take into account to determine the maximum financing that the financial institution will offer you. To apply for a mortgage, the appraisal has to be carried out by an appraiser authorized by the Bank of Spain ; however, to know the value of your home, you can also use one of the free digital tools that have emerged in recent years.

For your home appraisal to be official, it must be carried out by an appraiser belonging to the Appraisal Companies registered with the Bank of Spain and the appraisal report must be valid for 6 months from its signature. Some of these appraisers are Global, Tinsa or Euroval , although at Hipotecas.com we accept any company . You can find them all in the complete list of appraisal companies approved by the Bank of Spain .

On the other hand, there are several free digital tools created by real estate agencies and financial institutions, which help to know the market value of a home . However, they do not offer an official valuation, but rather serve as a simple guide. This is the case of the tool created by Idealist . ​