Just had second valuation - £15k more than first!??!

SkintMonkey

Very confused now. We have the third estate agent coming around tomorrow afternoon, so will be very interesting to see what they say.

The agent who we bought the house from (a small independent local agent, but highly thought of in the local area) came around yesterday and valued us at £145k, the valuer tonight (Connells - much larger) said she would put it on the market for £159,950.

Will of course wait and see what the chap tomorrow afternoon says, but it's quite confusing, plus the decision on who to go with isn't easy - both so far can really talk the talk and sell themselves very well!

Alan_M_2

I would be more inclined to go with the local well respected agent, but tell him about the other valuations.

lynzpower

Id be more likely to take the average of the 3 valuations and use housenetwork and save yourself a fortune

SkintMonkey

Alan_M wrote:

I would be more inclined to go with the local well respected agent, but tell him about the other valuations.

Thanks, we will see what the chap tomorrow afternoon is like and what he says, but I think we are inclined to go with the local people.

amyandoli

we had 3 different valuations on our house, several thousand in difference, and went with the max valuation/agent. we ended up selling for the middle amount, which we were happy with. we wonder if wed gone with the middle valuation, if wed of sold for the lower one... makes you wonder. when you watch the property shows on tv, they always get differences in valuations, i think its partly due to the individual valueres tastes a bit too...

thesaint

I wouldn't tell the 3rd valuer the previous valuations, wouldn't they be inclined to add a few thousand just to get the custom, or am I too cynical?

devils_advocate

Fact: estate agents make money from selling houses.
Fact: if an estate agent didn't make money, they wouldn't want to be in business anymore.
Fact: If your house is on their books, they can potentially make money if they sell it.
Fact: If your house is not on their books, whether its sold or not, they don't make money.
Fact: estate agents offer a free 'valuation' service
Fact: the value of something is what somebody DOES pay for it, not what someone MIGHT pay for it.
Fact: estate agents do not pay for houses.
My opinion: estate agents use the 'valuation' to get you to market the house through them, and not through the estate agent down the road.
Conclusion: get an idea about local house prices, with estate agents as only one source of the info, and decide on the basis of which agent can best market your house and conclude the deal.

no1gymbunny

Fact: The Agent makes money if the house sells, not if it is too highly priced and is sat on their books unsold only to change to a different agent having therefore cost them money.

It's always advisable to get 3 market appraisals. In laymans terms they are called valuations, but really they are market appraisals - only a RICS accredited chartered surveyor can carry out valuations. Anyway, have the 3 valuations, add together and divide by 3 is a good rule of thumb exercise.

Any decent agent will have comparable evidence of what similar properties in the area have sold for NOT what they are on the market for. This will reinforce their 'valuation'/recommended marketing price.

ds1980

no1gymbunny wrote:

Fact: The Agent makes money if the house sells, not if it is too highly priced and is sat on their books unsold only to change to a different agent having therefore cost them money.

It's always advisable to get 3 market appraisals. In laymans terms they are called valuations, but really they are market appraisals - only a RICS accredited chartered surveyor can carry out valuations. Anyway, have the 3 valuations, add together and divide by 3 is a good rule of thumb exercise.

Any decent agent will have comparable evidence of what similar properties in the area have sold for NOT what they are on the market for. This will reinforce their 'valuation'/recommended marketing price.

you need to do the research i have always bought houses for well under what they were marketed at and sold properties for well over what theyve been valued at.

Fact: this is the only one you should ever know!! estate agents are scumbags.

an agent will value higher so you go with them once your with them they can then market it how they like! an agent will value low so they get easy money and your house is not sat on their books for ages!

you find out supply and demand and whats on the market at present. Ive just had 4 valuations averaging £205k im putting my house on at £220K and i can bet it sells near enough that. i make most of my money by buying cheaply and selling highly without doing a thing! shouldnt let out my secret but its very easy.

RICS valuers talk just as much !!!!!! also you work out how much its worth.

put it on for the highest they can only offe ryou less then

be good

Gorgeous_George

Imagine you were a buyer looking for a house similar to yours. Now, check out the competition.

Then, imagine you were a buyer looking for a house in the price range that you wish to achieve. Again, check out the competition.

Potential buyers will look at all the houses on the market in the area they wish to buy, in th price range that they can afford and that meet their needs.

You want them to choose yours.

You can swing by being cheaper. It's much better to swing it by being better presented. Clutter free, tidy, pastel shades, well-groomed garden, pleasant smells. Highlight the good points that your home has that the competition hasn't.

Stand in front of your house and look at it and the neighbouring properties. Be honest, is it as smart as it could be. Encourag/help the neighbours tidy their gardens. Keep the street free of litter/weeds.

A little extra effort can make you £££s.



GG