Knowledge is key so get know what’s happening in your area. Start by researching what’s on sale in your area with Rightmove and Zoopla.
- Most houses being sold will have floorplans with the size of the house in square metres.
- Compare the average price per square metre for similar houses to understand the comparative value of your house.
There are a number of computer based valuation tools which can give a wide range of valuations. Our Valuation Tool, which you can access by inputting a postcode on our home page, is based on the latest data and uses Artificial Intelligence to give you a better estimate of your house value and you can add in any special factors to refine the estimate.
The benefit of interviewing a few estate agents is getting them to justify their valuation.
- What’s the basis of the valuation?
- What data, if any have they used?
- Have they sold similar properties – when, how many and for how much?
- Have they factored in any special factors like school catchment areas, transport links and any improvements you have made?
- How often and by how much have they had to reduce asking prices from the valuation?
Research has shown that 19% of asking prices were reduced by 5% or more by high street estate agents. The equivalent number for fixed fee estate agents is 11%.
- Whatever valuation you settle on remember that some people love ‘getting “a deal” so it’s worth considering putting your house on the market at slightly above its valuation for this reason.
To get the right price for your house get as much data from as many sources as possible including agents and our Valuation Tool.