The Games Estate Agents Play

qball101

I'd probably look at the estate agent whose sold the most properties in your area like yours in the last few months. I then get a valuation from them and put it on close to their price. If I got lots of interest I'd probably try and drive the price up by going to sealed bids.

At the end of the day a house is only worth as much as somebody is prepared to pay for it. Also most agents will let you ignore their valuation and put it on at your own price if you think you know better.

Mr_Thrifty

Yes, good point. I like the idea about sealed bids too.

pickledpink

Mr_Thrifty wrote: »

It's a shame there isn't a way to delete useless posts like the one above. He didn't even try and answer my questions.

Anyhow, let me put things into context in order to show the level of "expertise" of these Estate Agents that 'googler' regards so highly. One agent valued my home at £175K, another valued it at £220K, another valued it at £260K, another valued it at £315K, and another valued it at £375K. That is why I have lost all confidence in the ability of the Estate Agents around here. I was hoping to get some kind of semi-accurate valuation in exchange for the prospect of several thousand pounds worth of commission; instead, all I seem to be getting is a bunch of random numbers and all sorts of baloney stories to justify their warped reasoning.

Are you sure you're phoning Estate Agents? I find it very hard to believe that you've had 4 valuations ranging from £175k to £375k! A £200k difference! Don't believe you!

All these posts about estate agents are very old hat and boring now...........:money:

pickledpink

Mr_Thrifty wrote: »

Hey jonewer, can you justify your comment "Which is about 30% more that it actually is worth"? How do YOU know what it's worth in order to make such a comment? I, on the other hand, know that these Estate Agents are wrong, because I put a £38 advert in the Evening Standard and within 1 week had an offer of more than £50K above what four of the five estate agents I've now spoken to valued it at. So much for the "professional" opinion of these people. They can't even agree amongst themselves whether it's worth £175K or £375K!

I think what has me really narked is the way the EAs insult my intelligence with these silly opinions and random valuations.

I really am wondering if I should be doing business with these people.

I don't believe that, either!:rotfl:

You're just bored aren't you? You're making it all up because it's better than sitting on your own picking your nose!:p

Mr_Thrifty

Thanks for your non-contribution, pickledpink. Please leave this thread if you have nothing useful to say and/or do not enjoy participating in it.

pickledpink

No I won't!

Your porkies are rather amusing.:rotfl:

You've made the whole lot up! Go on - admit it!:D

You must think everyone's as daft as you!!!:)

Mr_Thrifty

Please stay on topic and/or leave the thread if you have nothing constructive to contribute. Your non-contribution is a perfect example of 'flamebait'.

Flamebait is a message posted to a public Internet discussion group, such as a forum, newsgroup or mailing list, with the intent of provoking an angry response (a "flame") or argument over a topic the poster often has no real interest in. While flaming can occur as a result of legitimate debates or grievances, flamebait implies the intentional posting of inflammatory rhetoric.

I see also that you have a history of doing this kind of thing.

clutton_2

i believe OP and i dont know why folks are giving him/her such a hard time....

if you own a 2 bed house in an area full of 2 bed houses it is relatively easy to put a value on a property - look for land registry sold prices and give or take a bit - you have a "value"

if on the other hand if you have an unusual house, and there is nothing else like it in the area, and nothing has sold in the area recently (and yes this does happen) it is THEN only possible to value it at what someone will pay for it...

i had a similar situation in the late 1980's - valuations varying from £75k to £155k - twice as much... so OP's experience is not unique

i discounted the £155k as it came from a fly-by-night new EA who did not have experience


Calm down everyone !!

pickledpink

Mr_Thrifty wrote: »

Please stay on topic and/or leave the thread if you have nothing constructive to contribute. Your non-contribution is a perfect example of 'flamebait'.

Flamebait is a message posted to a public Internet discussion group, such as a forum, newsgroup or mailing list, with the intent of provoking an angry response (a "flame") or argument over a topic the poster often has no real interest in. While flaming can occur as a result of legitimate debates or grievances, flamebait implies the intentional posting of inflammatory rhetoric.

I'm simply telling you the truth - something YOU don't seem capable of!

You've posted a message to try and have a go at Estate Agents - that's been done to death. BORING!:idea: You're behind the times, sweetie.

And you don't have the right to tell me where I can post. You need to get a life!

I don't believe what you're saying - and neither do 99% of the people on this thread. Why don't you post us the advert you placed in the Evening Standard if it's true?!!! You won't - cos you can't! Cos you've made it all up!!:money:

Mr_Thrifty

Thanks clutton. :-) Land registry sold prices will be helpful. I think I'll need to work through actual sold prices in the area, and then choose those properties that I consider to be the most similar to mine in order to get comparable data. Do you know of any websites where I can get this information either free of charge or without having to pay too much for it?