Valuations help you gain an accurate, evidence-based figure of your property’s true worth. Although commonly referred to as valuations, the term is misleading. It would be more accurate to think of them as ‘market appraisals’.
When we’re asked to begin the property valuation process, we will offer you our opinion of the likely figure you should expect to achieve should the property be put to the market. We will also discuss with you our recommended approach to marketing your property. This approach is always tailored to your circumstances and timescale.
The valuation process
An accurate valuation would be provided by a chartered surveyor or similar and is chargeable. We can arrange this, but it would not, however, take into account the current levels of demand for your type of property or the variation caused by the ‘good day/bad day’ factor. In our experience, these considerably alter the figures that we could achieve, so our property valuation process takes these on board.
Other factors influencing value
Although we take account of the general condition of the property, an agent's valuation does not include a survey, and does not consider factors that might be revealed in the legal paperwork. As you go through the valuation process, we’ll remind you that these could influence the ultimate price that is achieved.
Our approach to valuation
We always explain our thinking behind the valuation figures we give. They’re primarily drawn from many years of experience and comparable information, but will also be influenced by matters affecting the market, demand and trends.
At the end of the valuation, you should have enough information to decide how you want to proceed. And remember, we don’t charge for our advice – plus, you’re under no obligation to use our services.