Valuing your home is not an exact science. There is no precise formula or ‘square footage’ equation to follow. The size of the property is important, as is the location, character and condition. So when it comes to valuing what will probably be your most valuable single asset, we bring a combination of expertise, local insight and market knowledge to the process.
Genuine local experience
Here’s something refreshingly different that you can’t get on any online property website… specific local knowledge not only of the types of properties in our part of the world, but also their histories, their relative appeal, the patterns of market values over the years. You can’t get that kind of hard-earned insight simply by inputting a post-code and the number of bedrooms!
The members of our valuation team have over 100 years selling experience between them. Headed up by our founder and owner Steven Harvey, they have successfully valued and then more importantly sold over 1200 properties in the local area, everything from 1 bed investment flats to £1 million plus riverside homes. Where possible, more than one of our team members will come along when we do the ‘market appraisal’ of your property, ensuring that we deliver a fair and balanced view.
Current stock & recent sales
We will compare your home with other current stock competing for buyers on the market, both within our own portfolio and amongst those listed with other agents on the web. We use recent sales of comparative properties to give an accurate point of reference. Whilst every property is unique there are usually similar sales we can draw upon to gauge market views on price.
Our market leading software generates an extensive report on individual property postcodes and a copy of this will be given to you at the market appraisal. Whilst this is a useful guide to the value of the area it doesn’t have the ability to recognise the unique features of your home.
Land Registry data
Approximately every three months the Land Registry release data on property sales across the UK. Of principal interest at valuation is what sale prices were achieved by similar properties. This will give a clear indication for what the market felt the property was worth. This is extremely important data as it will be one of the main reference points a surveyor will use when carrying out a mortgage valuation.
We’ll also take into consideration whether you want your property priced lower than the competition to achieve a quick sale, or whether the price should be set to encourage competition, as would be the case with an ‘open house’ Launch Event. Of course, in a rising market, it’s equally possible to take advantage of demand and offer the property to the market with an ‘optimistic’ price.
In some circumstances we might also advise the use of pre-launch ‘Trialists’ to confirm our valuation. These are qualified buyers from our database who will view the property prior to going live on the market, giving us their independent assessment of our valuation. It’s a great way to test the reaction to the price from buyers who are active in the market place.