Lower Valuation than I thought from Estate Agent?

bryanb

Fire_Fox wrote: »

If the property is for sale at an unrealistic price it won't sell. If the house doesn't sell the piper does not get paid.

Of course, I was simply pointing out a fact.

jonewer

Stick it on for £50k more than the highest offer.

Estate agents are always down-valuing houses to get quick sales.

Just sit tight for a few years then watch the money roll in!

cormskie

Thanks for replys, but the reason why i am asking about changing the valuation is because the same Estate Agent has a house for sale two doors down from me and that house has been on the market for 18 months, the houses are exactly the same apart from the fact that i have a free standing 22m squared garage. So i thought my garage was worth at least £10000 over the price of my neighbours but the Estate Agent gave the exact same valuation ?? Could the Estate Agent be working more for their client of 18 months rather than me? thanks

keith969

cormskie wrote: »

Thanks for replys, but the reason why i am asking about changing the valuation is because the same Estate Agent has a house for sale two doors down from me and that house has been on the market for 18 months, the houses are exactly the same apart from the fact that i have a free standing 22m squared garage. So i thought my garage was worth at least £10000 over the price of my neighbours but the Estate Agent gave the exact same valuation ?? Could the Estate Agent be working more for their client of 18 months rather than me? thanks

This should be telling you something...

CvPiper

I would have thought your neighbours is overpriced if it has been up for sale for 18 months, not your house being under valued.

cymru09

If that house hasn't sold in 18 months it's overpriced?

jonewer

StiflersMom wrote: »

I have a friend who has had her flat (in a posh bit of Surrey) valued at £395k-425k by one agent (a national chain) and valued at £475 by another. She put it on for £495k to see what would happen

It has just exchanged for £487k, and was only on the market a few weeks then!!!

How much of a rush are you in to sell? Don't underprice yourself

Exactly! Stick your house on for £600k and see what happens!

googler

cormskie wrote: »

Thanks for replys, but the reason why i am asking about changing the valuation is because the same Estate Agent has a house for sale two doors down from me and that house has been on the market for 18 months, the houses are exactly the same apart from the fact that i have a free standing 22m squared garage. So i thought my garage was worth at least £10000 over the price of my neighbours but the Estate Agent gave the exact same valuation ?? Could the Estate Agent be working more for their client of 18 months rather than me? thanks

Your garage MIGHT put £10k on the sale price of an equivalent house, but as you can see - nobody wants to buy it at its current price, and it hasn't sold. Apparently, the EA is taking into account the value of your garage, and what they think should be taken off the asking price of your neighbour's house.......

When did the most recent house sell in your street? Was it equivalent to yours? If not, when did the most recent equivalent sell?

nollag2006

No harm in sticking it on at a slightly higher price, particularly in a rising market. Don't be too greedy though.

devils_advocate

The purpose of an Estate Agent's valuation is to get you to sell your house through them, and not through the bloke round the corner. Any relationship between this value and the amount it actually sells for is entirely coincidental.