Zoopla is crippling our sales prospects

hazyjo

PS if it was one EA and not all who are now undervaluing it, maybe they want it for themselves...

Jx

patman99

There really is nothing stopping the op from marketing the property themselves. I would guess that individuals can also list on Rightmove and the like.

bluedrop

OP, are you talking about the "sold prices" or "Current Values"?

There is nothing you can do about the sold prices, but when you click current values, you can see a link there "refine estimate". You can put in the details there and when you get to the comments box, write why you think that property is worth more. A friend of mine bought a house in a VERY bad shape for about £100k less than the market value. They spent a lot of money and time doing it up. Later it they wrote to Zoopla explaining the condition of the property when they bought etc. Zoopla changed the "current values" in a few weeks to reflect this.

Hope this helps

dominoman

Zoopla massively undervalues houses. If people want to pay attention to it then let them. Others won't.

People will pay what it is worth to them

Vectis

Icthalian wrote: »

.......However, when we contacted the same Estate Agents again recently we were told it wasn't worth their time due to the aforementioned £58k sale showing on Zoopla....

I think you've either got the wrong end of the stick from the agents or something's missing here.

Whether a house is 'worth' £58k or £100k, I can't see any agent refusing to market it because it 'wasn't worth their time'. They'd still get paid a commission on the sale.

Or have you told the agents how much you need to achieve on the sale and they don't think that amount is possible? This sounds more likely.

Perelandra

Is Zoopla undervaluing your property, or is it jsut the street as a whole that now looks low?

If the former, think about anything you've spent to improve the property since you bought it- you can enter that information onto Zoopla. If you've spent £10k on the property, it will add £10k to the valuation (or at least it did a couple of years back, when I renovated the house I'd bought).

princeofpounds

No you can't access rightmove as an individual, unfortunately.

MSaxp

Sounds strange. In the end Zoopla is what it is, a guesstimate site for current values. It cant possibly know how much people would be willing to pay for a property and it is trying to extrapolate base on past transactions, house price indices and similar transactions. Critising its accuracy is a moot point as all it can do is offer a rough estimate.

I would be surprised if agents used that for anything. In my experience they are quick to disregard any reference to Zoopla's estimates. On top of that what agents want, is your custom. As soon as they have your property, they can market it at the price you want and then convince you to reduce it if you have no viewings or viewings with low offers. Dont see any reason why they would reject your custom, sounds crazy.

Ivana_Tinkle

Agree that none of this rings true at all.

Last time we sold, the Zoopla valuation was approx £100k less than our asking price. We were under offer within a fortnight. Either there's something fishy going on, or this is another of those "interesting" first posts...