Is the highest valuation of my property the best?
Good question, but there are many factors to keep in mind
In the Dartford and Crayford areas, property prices are still above the pre-pandemic levels and that’s great news for sellers who want to get the best possible price for their home. So, when the market starts to readjust it isn’t surprising that many sellers choose to use the estate agent that gives them the highest valuation for their property.
But is that always the best decision?
It may seem like a no-brainer to go with the estate agent that is giving you a valuation figure far above the others. But there are factors to keep in mind before you make your final decision. The team at Livermores The Estate Agents want you to know how crucial it is to understand the importance of a correct valuation. We want to help you make a properly-informed choice when you’re selling your home.
An overvaluation may make your property become ‘stale’
Some estate agents are prepared to do whatever it takes to get new business, including overpricing properties to persuade sellers to take up their services. We totally understand that it’s very tempting to choose the estate agent that suggests you list at a high asking price. But remember that if they have overvalued your home it could sit for months on the market without any buyers showing interest – essentially, it becomes a stale property. Eventually, you’ll have to reduce your asking price to sell your home in Dartford, and that never looks good to prospective buyers.
The importance of price banding
All prospective property buyers have a budget that they’ve set for themselves, and will normally only view properties that fits into their price range. When a property is overpriced, you’ll miss out on prospective buyers who are searching for a house just like yours but who never see it in their searches because it’s been valued above their budget limit.
A realistic valuation, on the other hand, will bring your home within the budget of more potential buyers which immediately gives a seller a better chance of securing an acceptable offer and if there’s enough interest you could find that your property could attract more than one potential buyer. This approach could see you getting a higher sale price for your home than you would have if you’d gone for the higher valuation in the first place.
Getting an expert appraisal
It couldn’t be more important to choose a reliable firm of estate agents like Livermores The Estate Agents when listing your property for sale in the Dartford and Crayford areas. We have detailed local knowledge of our operating areas and can show a huge database of similar properties to compare your property against to compare prices. We are able to combine the knowledge we have gained as one of the most successful sales agents in the Dartford and Crayford areas over the last 30 years alongside information about the current property market conditions to give you the most accurate and realistic valuation for your home.
Get further advice
There are so many important factors to consider when selling a property, so, if you’re selling your home in the Dartford and Crayford areas, contact us for a market appraisal in the first instance. As experts in the local property market, you can rely on us to handle your sale professionally and efficiently. Call our Dartford office on 01322228090 or our Crayford office on 01322 550777 or send an email at sales@livermores.co.uk.