So you've finally decided to have your property valued!
Valuations can feel a little daunting but it is really important that the valuation you receive is a realistic reflection of your property's true value and not just a ploy to secure your business!
1. Has the agent used comparable properties to support his valuation?
Your property will generate the most interest within the first few weeks which is why a true valuation is crucial for its 'Marketing Debut'.
Some agents deliberately over-value to secure your business. Once they obtain the listing, they will chip away at your price until your property reaches its true market value.
What a Waste of Your Time!
This means your property will take much longer to sell...
Because buyers will wonder what is wrong with it...
And it will have lost its initial impact on the market through over-valuing and now look stale!
Chadwells provide all their customers with a full and comprehensive Market Appraisal including all relevant comparable properties. We search all the appropriate portals for information on both historic comparable properties sold and comparable properties which are currently on the market.
One customer recently queried a market appraisal provided by Chadwells, commenting that another local agent had valued her 3 bedroom semi-detached property for £20'000 more. Both myself and the customer checked through the comparable report left by the agent and it was evident that the comparable property used to evidence the agents valuation was a much larger, detached home.
So in effect not a comparable property at all!
Always remember to ask an agent to evidence how he arrived at his price......then check the evidence!!
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