Valuing your property

How much is any house worth?

This is probably one of the most emotive questions you could ever ask. It really depends on whether you are buying or selling, the truth is that all properties are only worth what a buyer is prepared to pay and a seller is prepared to accept.

So how do you find out the real value?

Traditionally people have turned to their local Estate Agent for guidance but in our experience ask three different agents and you are likely to get three different answers.

So which would you choose?

You might go for the highest valuation because you hope that is what you will get. But maybe you were given that price to get you to sign up with them; whereas the agent with the lowest estimate might be closer to the price you might eventually be offered. Also the traditional Estate Agent model means that they only get paid when the property is sold, so the easier it is to sell, i.e the lower the price, the easier it is for them.

homesalebureau.com does not charge any commission and our fee for marketing your property is the same irrespective of the price you achieve. We simply want to help you get the best deal you can and our advice is based solely on that objective.

So where do you start?

You will no doubt have a view about what you think your house is worth and also may know what other properties in the area have sold for or are being advertised for now. If you don't, this information is now readily available online and we have listed below various websites where you can get guidance on local values. But ultimately the choice you want to advertise your property is yours as is the price you might be prepared to accept.

The secret to getting the best price, if there is one, is to get as many people to see your property as possible that way you have a better chance of finding the perfect match for your home. To attract as many people to view your property you should try to be as realistic with your price as possible. If you have a minimum price already established you have the choice of listing at that figure and selecting the "offers in excess of" or "Guide Price" this means that your home should get more interest and may create competition between potential buyers.

Don't forget you are not obliged to sell your home at any price and whatever you decide to start with can be changed at any time, up or down, at no charge.

It is useful to consider that most buyers will expect to be able to negotiate on the asking price so will often expand their search beyond their budget, e.g setting the limit in their search criteria of £225k even though their budget is £210k. However, you should try to keep on or below natural price breaks, so that you are not excluded from the search results. i.e £250k will get more viewings than at £255k.

Here are some useful links that may help you in establishing a guide price for your property. Please note that homesalebureau.com have no connection with these businesses, we receive no financial rewards from them and make no assurances as to their accuracy in providing valuations.

Rightmove: How much is your house worth?

Zoopla.co.uk: Current property values

Frequently asked questions

Q: How do I value my home?

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