Why getting an agent for a valuation is the best way to price your property

If you’re thinking of selling your home, you’ve probably heard the term ‘valuation’ bandied about in relation to the selling price you can achieve, however, there’s a lot more to a valuation than you might imagine as it’s a critical part of the home selling process – in fact, property sales hinge on them.

Nowadays, we can access information about absolutely anything online, including the property market and, whilst doing your own research is always a good idea, some things are better left to the professionals.

This is especially true of property valuations because, although it is indeed possible to get a rough estimate of what your home could be worth online, the only way to get a pinpoint accurate valuation is to ask a local estate agent.

There are a number of reasons why you should appoint a professional:

• Estate agents are in the business of marketing and selling property – it’s what they do and their knowledge and experience are invaluable in property valuations.
• A local estate agent will have a thorough understanding of the market and property prices in your area and will be able to factor in important aspects like transport links and proximity to local schools and they will have their finger on the pulse of supply and demand.
• An agent will take your unique needs and expectations into consideration. For instance, do you need a quick sale or can you afford to hold out for the highest possible price?
• An experienced estate agent with strong knowledge of the local market will also be able to advise you on what you might be able to do to increase your home’s value. Would a fresh coat of paint or a bathroom upgrade be worthwhile?
• Turbulent market conditions and fluctuating local property prices can have a huge impact on your property's performance - and will make it even more difficult to accurately value your home without professional guidance.
• They’re risk free - most agents will value your house for free with no obligation.

How to choose the right agent for your valuation:

• Ask for recommendations from friends or family members;
• Check online to see which agents have the most listings in your area,
• Request valuations from two or three estate agents;
• Don’t be afraid to ask questions about their sales records;
• Don’t base your final decision on which agent gives you the highest valuation – the highest is not necessarily the best valuation.

What to expect during a valuation

During the appointment, an agent will thoroughly examine the interior and exterior of your home and they will also ask you questions, such as: What makes your house unique, what renovations or upgrades have been done, when did you buy your home, are there any significant problems to take into account?

Finally, remember that your relationship with your estate agent is crucial, as they will be the conduit between you and any potential buyers of your property.  and your guide during the entire process.

You will need someone with whom you feel comfortable and can rely on, as they will act as the go-between in any tricky negotiations, offset any potential delays and also guide you during the entire process.