Valuing your home
Many agents like to make out that the valuation process of a property is an art and cannot be done by the average person. This is nonsense. In fact, valuing a house is really very simple, and thanks to the internet, you can now easily value your home without the need for an agent. You simply need to know what properties in your area have sold for, and what price properties are currently being marketed at.
How to accurately value your property
It goes without saying that as a seller, you want to achieve the highest possible price for your home, but you also want to tempt buyers with an accurate valuation. An over priced property, regardless of it’s condition, is likely to detract buyers, especially when there are similar properties in the area being marketed for less. Similarly, a low valuation will generate more interest in your home, but may prevent you obtaining the maximum amount for your home.
There is no science to a property valuation and once you understand how agents value a home you will be able to see how straightforward it is. This can be easily done by finding out how much similar properties in the area have either recently sold for. Be aware though, this can be very different to how much they are on the market for. You can do this either through the sites that you too can look up (such as Rightmove & Zoopla), or by phoning local estate agents.
Additionally, you should check to see what properties in your area are being marketed at. Look at what you can buy at the level you think you should be selling for – i.e. if you think your 2 bedroom flat should be worth £400,000, but there are lots of 3 bedroom houses at a similar level - you are unlikely to achieve your price.