Estate Agent 'Valuations'
The commission an agent earns on the sale of your house is directly linked to the property asking price and hence they have a natural bias towards higher valuations.
In addition, the practice of 'overvaluation' by agents, in order to sign up customers, by suggesting that the house can be marketed at a very high asking price, only later to suggest a drop to a competitive level once you are tied in to a lengthy contract, remains common.
Setting an asking price too high can keep a property on the market far longer than necessary. Result No sale and no viewings for a lengthy time and it can even create a ripple effect of false expectations throughout the local property market.
Contact us today on 0800 612 4182 or click here for a free valuation and cash offer.
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