- BenutzernameMoneyland User Questions
- Status Member
- Registriert seit1/27/17
- Beiträge2142
April 4, 2019, 6:28:15 PM
Are the real estate valuation apps offered by Swiss banks a realistic alternative to valuation by appraiser?
Real Estate Valuation by App
Here you will find the right answers
About Moneyland Forum
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
- BenutzernameMoneyguru von moneyland.ch
- OrtSchweiz
- Status Expert
- Registriert seit8/4/15
- Beiträge4002
April 4, 2019, 6:37:13 PM
Hi there,
While apps like Homecheck (PostFinance), Quanto (Bank Cler), Homescan (BKB) and Immosnap (Clientis) are an interesting development, they do not replace conventional property appraisals for the purpose of buying or investing in real estate.
Appraisals provided by these apps are based primarily on the GPS location of the phone. The average property values for real estate in that location – combined with the additional information you enter (square meters, etc.) – are used as the basis for appraisals.
The appraisals provided by these apps should be considered rough estimates. While this can be useful if you simply want to get an idea of what a house or apartment might cost in passing, a conventional appraisal is generally required for the purpose of mortgaging a home, and is recommended in every case before a real estate purchase.
Best regards from Moneyguru
More on this topic:
10 things to consider before buying a home in Switzerland
