Official appraiser or a valuation from a local real estate agency? Why, if you want to sell, do you need both?

When a homeowner decides to put their property up for sale, a very common question arises:
Do I need an official appraisal, or is a valuation from a local real estate agency sufficient?

The ideal answer is: you need both, because they serve different but complementary functions.
And, above all, because the valuation from a specialized local real estate agency, such as Your Formentera, is what will allow you to sell at the best real market price.

1. The official appraisal: a legal, not commercial document

The official appraisal is carried out by an accredited appraiser, following strict criteria recognized by banks and government agencies.
It is essential for:

• Mortgages
• Inheritances
• Divorces
• Judicial procedures
• Bank guaranties

What it contributes

• Technical rigor
• Legal validity
• Regulated methodology

But…

Although it’s very useful for paperwork, it doesn’t necessarily reflect the actual selling price of your property.
In places like Ibiza or Formentera, where each area has its own dynamics, the official appraisal falls short of determining a competitive and up-to-date market price.

2. A local real estate appraisal: your true foundation for selling

A local real estate appraisal will determine the price at which your property can be sold today in the real market, with real buyers.

A specialized agency knows:

• Recent sales (actual prices, not advertised)
• Current and seasonal demand
• The buyer profile for the area
• The features that command the highest prices.
• The particularities of the Formentera market

In unique areas like Formentera, where supply is limited and buyers are discerning, this information is essential.

Why is this assessment key?

Because it defines:

• The optimal starting price
• The marketing strategy
• The target buyer
• The sales pace

A good commercial valuation prevents months of ads without calls… or sales below their potential.

3. So why do you need both?

✔ The official appraisal provides you with legal certainty.
✔ The local real estate agency’s valuation offers you commercial security.

One tells you what it’s worth on paper.
The other one tells you how much the market is willing to pay today.

4. Conclusion: selling well starts with valuing well.

Ideally, as a homeowner, you should have:

1. An official appraisal, when the process requires it.
2. A local valuation, if your goal is to sell at the best price in the shortest possible time.

And that’s where we come in.

YourFormentera: at your service to help you sell.

At YourFormentera, we offer you our knowledge of the local market to:

• Conduct a professional and realistic valuation of your property.
• Advise you on improvements, timelines, and strategy.
• Guide you to sell at the best possible price according to the current market.

We would be delighted to help you take the first step with an accurate and honest commercial valuation. Contact us today