What Estate Agents do – Property Valuations

What Estate Agents do – Property Valuations

“What Estate Agents do – Property Valuations”

Valuation is possibly the most contentious aspect of estate agency.  Emotions run high when discussing people’s most valuable asset.  It is natural that the Vendor of a property will want as much as possible for his property, as does the Agent, who is duty bound to achieve the best possible price.

However, Vendors should be careful about opinions over value, especially when everyone seems to have one!  It’s amazing how many friends, relatives, taxi drivers and people in pubs suddenly become ‘Estate Agents’ when you decide to sell!

The actual value of a property is of course the maximum figure that at least one willing and able buyer would be prepared to pay.  Frankly, the only person to know what this figure could be is an Estate Agent who is comprehensively familiar with the current market and involved with qualified buyers daily.  It may be that potential imminent movement in the market can also be anticipated, although this is a skill few possess.

On-line Price Value Calculators

Certainly on-line value calculators can be misleading and plain wrong in many cases as they are based on historic values; they simply cannot take account of the foibles of local buyer activity and competing properties available for sale, both of which change from week to week.

When choosing the right Estate Agent for yourself it’s certainly worth finding out how accurate their valuations are.  A good agent should be able to tell you what percentage of their original asking price they actually achieve on average for their clients, as well as how long they took to find a buyer against national averages.

Needless to say, we’d be happy to provide you with some expert advice on the likely sale value of your home.  This would be based on extensive research coupled with an intuition that comes from deep local experience as evidenced by our consistently proven results.  Please feel free to contact us today on 01273-735237 or enquiries@callaways.co.uk .