Why is an online real estate calculator not really reliable?
For ease, we can be tempted by the estimate of our house or apartment online. It is useful for getting a rough idea, but this process is not recommended by professionals if you want a reliable estimate, for several reasons:
- The price of a house is calculated based on a very large number of criteria, mostly not quantifiable by algorithms, which it is almost impossible to condense in an online questionnaire.
- Elements such as the condition of the property, the neighborhood nuisance, proximity to schools and nurseries, access to public transport, etc. that can significantly influence the value of your property are not detectable online and necessarily require a visit to your home. or apartment.
- Prices on the Luxembourg market are constantly changing and for an estimate to be as reliable as possible, the price of properties similar to yours sold recently must be taken into account. It should also be noted that the prices advertised on real estate ad portals are rarely the prices actually sold.