How does Tiko calculate the offer price?

With the data you provide us about your apartment, we use our own valuation algorithm or Automated Valuation Model (called Tikoanalytics ™). This analyzes the characteristics of your house, and compares it with houses similar to yours that are currently for sale or have recently been sold. Every day millions of data are analyzed so that the information is fully updated.

Among other things, Tikoanalytics ™ compares your home with others that have the same location, surface area, floor plan, etc. Once the information has been compared, said algorithm calculates a competitive purchase price based on the particular characteristics of your apartment and market prices. Thanks to that and the inspection carried out on the home, we make sure that our final proposal is as close to reality as possible.

The final sale price is the actual market value

It is important that you keep in mind that the price at which the homes are advertised is not the same as the final amount at which they are actually sold. When we talk about market price, we refer to the final sale price , which varies significantly from the price announced at the beginning.

For example, in cities like Madrid, the starting price of a home is reduced by approximately 20% after negotiation between buyer and seller, according to data from Idealista and the Notarial Association. This not only occurs in the capital, but in all cities, and it is possible to verify the difference between the prices at which homes are advertised and the market price that buyers would actually be willing to pay for that house.

When you fill out our form you will see a range of the market value of your home. If you want Tiko to buy your house, one of our real estate experts will visit your home to verify that everything is correct. If the result is favourable, we will make you an offer to buy your home directly.

If this offer does not convince you, we can help you find the perfect buyer that meets your needs.