Valuing a property requires a detailed understanding of local market conditions including reviewing seasonal aspects, local pricing, relevant contacts, new developments, and social influences such as access to transport links.
Cost does not necessarily equal value when it comes to home improvements e.g. a loft conversion versus a swimming pool, and houses on different sides of a given road can vary in value e.g. school catchment areas, or river frontage. House price indexes and Land Registry data would never show or reflect this. The potential demand for a property can quickly fluctuate, for example if a number of similar properties come on the market at the same time, or there are repossessions in the immediate neighbourhood.
A good agent will carefully evaluate prices achieved versus prices asked to ensure that the property is marketed in the most effective way and advise of the likely result to be achieved.
The agent will also include your own motivations in assessing the most appropriate price, such as any time constraints. Property valuations can become emotive issues for owners and an independent assessment is crucial to getting this right.
An independent estate agent such as Money Properties will liaise with developers, builders, solicitors, investors, buy to let professionals, HR and relocation companies, hotels, and also his / her own extensive database built up over many years – all of which will accelerate the marketing and enhance the likelihood of a successful sale.
Money Properties have over 46 years’ experience living in the Wymondham and South Norfolk area and have built up a reputation of honesty and integrity that is second to none.
Call us today on 01953 423006 to discuss a valuation of your home.