Home values

From choosing the right agent to setting your target price, the house valuation is one of the most important parts of the move to get right. All of us want to achieve the best possible price for our homes, but you must also take into account the timescales in which you want to move and the availability of your next potential house.

Property valuation

There are some common misconceptions about homes values. We’ve listed the top five to help clear up any valuation confusion.

ONE

‘The highest house valuation is the best.’

The highest valuation for your house isn’t necessarily the best. If a house is valued too highly it could stay on the market for a long time as it will be over priced. The best valuation for your property is an accurate one that will enable you to sell your house for the maximum amount within a realistic price range.

TWO

‘Once you’ve had a valuation you are obliged to sell.’

We understand that there are lots of reasons for home values. You may be desperate to sell or you might want to know your position in the market but decide it’s not the right time for you to sell. Because we understand moving is a big decision, we aim to equip you with all the information you need prior to making the big leap, so our valuations are completely free with no obligation.

THREE

‘I can’t do anything to help the valuation. The estate agent will see past the cosmetic state of the house.’

Whilst you can’t change the size or type of your house, there are lots of things you can do to help your home valuation. Estate agents take into account lots of factors including the cosmetic state of your home. See our Property value guide for lots of helpful tips to prepare for a house valuation.

FOUR

‘All estate agents will give me the same price.’

It would be nice if all estate agents could give you roughly the same price but unfortunately some of them will alter your house valuation for their own benefit. Estate agents work on commission so they have been known to either give you a high valuation so you choose to sell your home through them, or give you a low valuation to ensure a quick sale.

It is important to point out that not all estate agents adhere to these cowboy tactics but to ensure you receive an accurate home valuation, always go with an accredited estate agent. We only work with high quality expert estate agents and we will even send two of them to value your house, taking extra care you receive a trustworthy valuation.

FIVE

‘I should go with the cheapest estate agent.’

Don’t just look for the agent that charges the lowest as this may just be to win your business. Instead, consider what marketing strategies they propose and whether they are an accredited and reputable business in the local area. Try and be realistic of your home’s value, taking into account similar sold, or for sale, properties in the area. Then, once you have impartially weighed up all your options, instruct your preferred agent to begin marketing your home.

Here are some other questions we’re often asked:

Should I just get an online valuation?

More and more companies now offer online tools to give you an idea into the value of your home. Online valuations must be taken with a pinch of salt, as they are calculated by a computer and are unable to take into account the specific and unique characteristics of your house. What the online valuation or online house estimate tool will do, is to give you an initial idea of your home value. You can use this in the beginning stages of the sale process to understand your selling position.

Can I do the home valuation myself?

Although we all have an idea into our home value, only a handful of us will be qualified to carry out an accurate valuation of our houses. Estate agents are highly trained to value property and put it into the context of the current housing market. They'll look at factors such as the size, age and condition of your house and then compare and contrast it with other properties on the market. House valuations are a skilful art and we'd always recommend that they are carried out by recommended estate agents.

Do I just go for the first estate agent I meet?

The only way to get accurate home values is to get a house valuation carried out by an accredited estate agent. The selection of the agent is one of the most important stages, as they will then be working with you to help sell your home. Select two to three agents to come out and value your house, and then pick the one that you feel will do the best job at selling your home.