call-to-action call-to-action-mobile

Importance Of Valuing Your Home Before Listing

Wed 08 May 2019

There are many things to get right when selling your home, but placing an accurate and realistic valuation is essential. If you fail to put an accurate valuation on your listing, you run the risk of losing out on money or losing out on interest from buyers, depending on how you price your house.

At ADM Residential, we have helped many vendors sell their home, and we can help you value your home accurately.

If you are looking to sell your house quickly, a low valuation drives traffic and creates considerable interest. This strategy will see you receive a smaller amount of money in selling your home, but if your main focus is on saving time, it may be a suitable strategy. However, most vendors want to sell their house for the best price possible, which requires a different approach.

Each agent has an approach to selling property

Some agents overvalue property in the hope that a willing buyer pays the inflated price. If this strategy works, you will be delighted, but it is becoming less successful these days. Buyers are savvy, they research local property markets, and they want to get the best price possible. Don’t forget that online property portals allow users to set a minimum and maximum search when looking for a property, and if you place too high a value on your home, many buyers will not see it.

Also, while some agents have the opinion that it is okay to start with an inflated property price as it is possible to reduce it if there is no interest, this doesn’t always work. Many prospective buyers will be concerned about a notable drop in the house price, which means that many won’t develop an interest in the home.

Accurate listings help you sell your house

Therefore, the risks associated with a low valuation or an inflated valuation should indicate the importance of valuing your home before listing. An accurate listing will place your house in front of most buyers, it shows you aren’t playing games or looking to hoodwink unsuspecting buyers, and a precise valuation speeds up the sales process.

You would think the benefits associated with accurate valuations would appeal to estate agents, but a recent investigation by The Times shows overvaluing is rife. The study looked at more than 200,000 online property listings, and it many big-name agencies over-valued houses. Firms like Chancellors, Foxtons and Hamptons International were all cited as placing too high a price on homes. Concerning Foxtons, they were found to have reduced 60% of property values while the national average was 32%.

It is natural for vendors to choose an estate who places a high valuation on their property. Agents are keen to win instructions, so they will use every tactic they can to draw clients to them. In the long-term though, choosing an agent who systematically overvalues property may hamper your ability to sell your home as opposed to enhance it.

If you are keen to sell your house and want guidance from professionals who put your needs first, contact ADM Residential. We are committed to helping you sell your home in the most appropriate manner.

"ADM were involved with both renting my property and finally selling it. At every stage they have kept me fully informed via email and on the phone. They have been great at dealing with all my niggles whilst renting out the property including during really bad winters. Would highly recommend them for either managing a property that you're looking to rent or for buying/selling your home."
Richard

News Archive

August 2019

Landlords – Follow These End Of Tenancy Cleaning Tips

4 Questions To Ask Your Estate Agent

July 2019

Landlords – EPC Regulations You Must Comply With

Improve Your EPC Rating And Sell Faster

July 2019

Landlords Electrical Safety Obligations

A Day in The Life – Miss Alethea Mahil

Video Tours Are The Future Of Property Sales…Today

July 2019

5 Tips Ensuring Your Property Listing Stands Out

Allagents Reviews

Importance Of Valuing Your Home Before Listing

April 2019

Congratulations Sarah

Do You Know Who Is Buying In Your Area?

A Spring In Your Step

Buyers Need Information – Give Them What They Want

March 2019

Another happy customer

January 2019

Changes to property

Check You're Smoke Alarms

Winter Months Ahead

July 2018

Chain Details

June 2018

Top Tips

May 2018

More Thank You's

March 2018

Heating Tips

Heating Tips

March 2018

Beast From The East Winter Storm

January 2018

Winter Update

January Offer

November 2017

First Time Buyers

October 2017

Tips of the Day

September 2017

Rental update

August 2017

Completing Many Sales in 2017

July 2017

Further Completions

July 2017

July 2017

June 2017

May 2017

Selling in 2017

April 2017

Thanks to our wonderful customers

March 2017

EASTER SPECIAL

Finding the right property

The New Tax Relief

February 2017

SOLDS

January 2017

Letting Your Property

January Sale

December 2016

Merry Christmas

Christmas Special Fixed Offer

November 2016

Valuation Of Your Property's

Landlords Special Offer

October 2016

Halloween Special

September 2016

Always Doing More

August 2016

Reviews

Re Sale of A Rental Property

Thank You's

July 2016

Check Outs

Award

Check in

Updated Window July 2016

June 2016

Buying and Selling

May 2016

Purple

Gazumping

More Thank You's

Tips for the summer

Tips for the summer

Gas Certifications

Gas Certifications

April 2016

Rental Market

March 2016

Testimonial

Thank you cards

February 2016

Thank you Cards

Mortgages

Thank you gifts

Selling Your Home

Buy to let

Thank you Cards

December 2015

Offers