❓Confused by your online valuation? 3 reasons why it might be wrong... ❓
Completing an online valuation, with us or any other estate agent, may have left you disappointed with the price. It is usually down to how a computer has tried to calculate the value basing figures on basic data sets, only considering things like postcode, existing sold prices and bedroom numbers. Here are 3 reasons why the values might be wrong
- Think about the beautiful kitchen you spent hours choosing and months finishing? Remember the bathroom with the designer tiles that you chose to compliment your colour scheme? And don’t forget the interior style that all your friends rave about and the garden design that your family loves. You chose your home because of how it feels inside and you’ve made it look the best you can, all these things play a key part in working out a more accurate valuation.
- You live in an area that is desirable and sought after and properties tend to be very popular when they come up for sale due to limited availability. Buyers register with us on a daily basis, waiting for certain types of properties in specific locations before they move. The knock on effect though, is because people love this in this area so much the less they move, so when an online valuation is calculated using computer generated figures, it’s difficult to be accurate based on limited historical data.
- The individuality of your home within your area, or even street is something else to think about. Whether you have extended, maybe there is a loft conversion adding another floor. The plot size may mean you have a larger than average garden that gets the sun all day long or you can park more cars than the rest of the street. These things are important to a buyer and should be taken into consideration when the value of your home is determined.
After reading the reasons above listed you can start to see why online valuations should be taken with a pinch of salt when searching for an accurate valuation of your home. If you’re thinking of a move in 2020 but you aren’t quite ready for an in person valuation yet or maybe you’d prefer not to have strangers in your home right now we have a solution that can help. All we need is a little more information on the link below, add a couple of photos, we will review it and send you a property report with a much more accurate valuation. We will also keep you informed by email afterwards, when we sell properties nearby so you stay updated on the local market activity.
Click here
How can an online valuation affect what you can afford to buy?
Research is the key when thinking about whether moving is right for you or not and like many people, you might be spending considerable amount of time weighing up your options. I’m sure you will have looked into all kinds of things such as mortgage affordability, legal fees, removals and of course what you expect to sell your home for and what that will mean you can buy afterwards.
You can see that if the valuation is not accurate and doesn’t give you an accurate guide, or tell you what’s happening in the local property market it will have an impact on your research into your move.
An simple way to a more accurate value of your home without us needing to visit you...
Lots of of homeowners like you, will only have an rough idea of the price they will sell for, maybe even an aspirational price which they hope may be achievable but the online valuation is too vague to work with and isn’t helping with your research. It may be several months or even longer from you needing to move or you may be waiting for a particular street that you’ve always wanted to live in or home to become available for sale. We understand that you might not want us to visit yet as you’re not ready to put your home on the market but having more accurate figures will definitely help. You may be pleasantly surprised and even be able to move sooner than planned!
Click here for more accurate value of your home