0121 550 4151If you’re considering listing your property, here are some home truths about property overvaluations.
What is an overvaluation?
It’s when the price of a property is significantly inflated beyond market norms.
Why is it a problem?
Time-wasting
The asking price is so far off the mark that buyers stay away, and your home gets stuck on the market.
Budget blues
You make financial decisions based on an inflated price that you’re unlikely ever to achieve.
Competitors get the edge
Buyers focus their attention on properties that represent better value.
Top tip
If an agent gives you a valuation that far exceeds the realities of the market, listen to your instincts. Are they just telling you what you want to hear to secure your business?
Contact us to arrange an honest valuation.
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