
When your estate agent values your property, they won’t just look at how many bedrooms you have or which street you live on. While these are essential factors, a truly accurate valuation considers dozens of details, from the small features that make your home unique to the age of your central heating system. By combining these details with years of experience, recent sold prices, and in-depth market knowledge, an estate agent can give you the most accurate valuation possible.
First things first
Before your agent even steps inside your home, they start their research. As local experts, Yopa agents already have extensive knowledge of the area. They’ll refine this with detailed insights into your specific street and neighbourhood to ensure they have all the context. After a pre-call with you to understand more about your property, your agent will look at recent sale prices and the demand for similar homes nearby.
Your agent will also review local amenities and schools. Good transport links, proximity to supermarkets, and even that charming local café can positively impact your home’s value. Essentially, anything that makes life more convenient or appealing to potential buyers is factored into the valuation.
Getting to know you
When an estate agent visits, they’ll want to know what you want from your sale. While this won’t affect the actual value of your home, it could influence the marketing strategy. Most people aim for the highest price, but if your priority is a quick sale – for example, if you have a specific deadline – your agent can tailor the approach to suit your needs.
Sizing you up
Next, your agent will conduct a thorough walkthrough of your home, taking measurements and noting all the features that make it special. Every property is unique, and your agent will look for anything that could appeal to potential buyers, like an original fireplace or a recently renovated bathroom.
They’ll also consider how different buyers might use the space. For instance, working professionals might see a spare room as an ideal home office, while a growing family might appreciate it as a playroom. This insight helps your agent market your home effectively to the right audience.
Boosting your value
Your agent might suggest quick, simple fixes to boost your home’s appeal to buyers. This could be as easy as giving your kitchen a fresh coat of paint or pressure-washing the driveway to make it look new. First impressions matter, and small improvements can make a significant difference in attracting buyers.
Quick questions
No one knows your home better than you. During the valuation, your agent will have questions about your property to fine-tune their assessment. Be prepared to answer questions like:
When were your windows last replaced?
What’s the age of your boiler?
Is the property leasehold? If so, how long is left on the lease?
These details help your agent build a complete picture of your property’s value.
The valuation
Once your agent has gathered all the necessary information, they’ll combine it with their research to provide you with their valuation. If you have a figure in mind, don’t hesitate to share it. Your estate agent will be happy to discuss it and explain how they arrived at their valuation.
Your selling strategy is just as important. Whether you’re looking for a quick sale or aiming for the highest possible price, your estate agent will tailor their approach to fit your priorities.
The valuation report
After the visit, you’ll receive a written valuation report from some estate agents.
Article from Yopa. Written by Joey D'Rozario
Comentarios