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davep24

Do Estate Agents Really Know How To Value A House?

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been having a look on rightmove and came across these three, all on the same development, all within 100 yards of each other and all exactly the same. So how on earth can there be a £36k difference in the asking price??? Also how can one be valued at £315k when my girlfriends parents had thier house up for over 18months at £300 with no interest at all, Think this shows how little estate agents know what is going on in the market and just how stupid some people really are

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-509...pa_n=1&tr_t=buy

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been having a look on rightmove and came across these three, all on the same development, all within 100 yards of each other and all exactly the same. So how on earth can there be a £36k difference in the asking price??? Also how can one be valued at £315k when my girlfriends parents had thier house up for over 18months at £300 with no interest at all, Think this shows how little estate agents know what is going on in the market and just how stupid some people really are

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-509...pa_n=1&tr_t=buy

At the risk of sounding pedantic, EA's do not provide a 'valuation' they provide what is known as a 'market appraisal.'

You want a valuation? you pay a surveyor £250/350....

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For the money, surveyors ask local EAs what similar properties have sold for, then look at the differences with your property, and the market as a whole, and come to a conclusion about present value.

However, EAs have apparently been exaggerating sale prices to surveyors for years (the appearance of nethouseprices et al is a recent change), so the EAs have been having an influence on surveyors for ages.

Nowadays I would say that anyone with an IQ in triple digits should be able to do their own valuation and produce a result rather less biased than the EAs.

Consequently I would advise most bright people to try the private sale route, rather than pay an EA thousands for what is basically low-level secretarial work.

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they draw on years of study and experience at estate agent university, plus they follow the financial patterns of the uk economy. this gives them the whole view of the market and the experience to offer their buyers the time to make the best call.

this is why they get paid right ?

10 years at university ?

(oh sorry, i mean glorified double glazing salesmen. yappers. office sales drones. mindless chavvy suitwearing yesmen. total blue collar sales position. a step up from fitted kitchens. no qualifications required. start right away.)

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EA valuation, market appraisal, call it what you will - EAs find out what the vendor wants to hear - and then they say it.

Pretty much....

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they draw on years of study and experience at estate agent university, plus they follow the financial patterns of the uk economy. this gives them the whole view of the market and the experience to offer their buyers the time to make the best call.

this is why they get paid right ?

10 years at university ?

(oh sorry, i mean glorified double glazing salesmen. yappers. office sales drones. mindless chavvy suitwearing yesmen. total blue collar sales position. a step up from fitted kitchens. no qualifications required. start right away.)

No... No... I'm sure there's an Estate agents 'Hogwarts' I've read about.

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been having a look on rightmove and came across these three, all on the same development, all within 100 yards of each other and all exactly the same. So how on earth can there be a £36k difference in the asking price??? Also how can one be valued at £315k when my girlfriends parents had thier house up for over 18months at £300 with no interest at all, Think this shows how little estate agents know what is going on in the market and just how stupid some people really are

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-509...pa_n=1&tr_t=buy

Most sellers claim to have a far better opinion of what their own property is worth than any EA so to avoid an argument it's normally better just to agree with them.....

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Most sellers claim to have a far better opinion of what their own property is worth than any EA so to avoid an argument it's normally better just to agree with them....

well yes, unless you actually want to sell the property.

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or a charlies angels type police academy where they learn to direct traffic. shoot targets and get confused on a switchboard......

That’s the American branch. The one I’ve read about is top secret, only the best, most motivated

Estate agents can make it. When they pass they arr paid 5% of all properties they sell.

Any Estate agent can enrol, just go to the top of Canary Wharf (London)

jump out of the restaurant window at the top, and when they hit the ground they pass

through into a different dimension travelling down into the depths of the earth where

they take a boat ride with a boney chap, to their Estate agent instructor king Beelzebub & co.

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well yes, unless you actually want to sell the property.

worry not rfd, whilst some parts of the country may not be fairing too well, here in leafy old Surrey there is still a healthy supply of buyers with too much money desperate to buy.

i would quite like a HPC so i can afford something other than a 2 bed flat but right now, in this part of the world, it could not seem further away. Could it be that the darkest part of night is just before the dawn??!!

(or whatever the correct wording of that phrase is...!)

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worry not rfd, whilst some parts of the country may not be fairing too well, here in leafy old Surrey there is still a healthy supply of buyers with too much money desperate to buy.

i would quite like a HPC so i can afford something other than a 2 bed flat but right now, in this part of the world, it could not seem further away. Could it be that the darkest part of night is just before the dawn??!!

(or whatever the correct wording of that phrase is...!)

So far when anyone has posted that prices are only rising, I can always manage to find reductions

in the areas they say aren't crashing:

http://www.houseprices.co.uk/map.php?pc=GU12+6LW&show=s

Guildford (Surrey)

Youngs Drive, Aldershot, GU12 6RE

25/10/2002 £205,000 24 F/H Terrace House

Youngs Drive, Aldershot, GU12 6RE

15/12/2005 £145,000 17 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

30/11/2004 £192,000 22 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

22/12/2005 £145,000 30 F/H Semi-Detached House

...and I suppose you could find some rising? <_<

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So far when anyone has posted that prices are only rising, I can always manage to find reductions

in the areas they say aren't crashing:

http://www.houseprices.co.uk/map.php?pc=GU12+6LW&show=s

Guildford (Surrey)

Youngs Drive, Aldershot, GU12 6RE

25/10/2002 £205,000 24 F/H Terrace House

Youngs Drive, Aldershot, GU12 6RE

15/12/2005 £145,000 17 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

30/11/2004 £192,000 22 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

22/12/2005 £145,000 30 F/H Semi-Detached House

...and I suppose you could find some rising? <_<

Guildford is in Surrey

Aldershot is in Hampshire!!

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or a charlies angels type police academy where they learn to direct traffic. shoot targets and get confused on a switchboard......

but my name is Foxton and I took them away from all that. :)

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So far when anyone has posted that prices are only rising, I can always manage to find reductions

in the areas they say aren't crashing:

http://www.houseprices.co.uk/map.php?pc=GU12+6LW&show=s

Guildford (Surrey)

Youngs Drive, Aldershot, GU12 6RE

25/10/2002 £205,000 24 F/H Terrace House

Youngs Drive, Aldershot, GU12 6RE

15/12/2005 £145,000 17 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

30/11/2004 £192,000 22 F/H Semi-Detached House

Manfield Road, Aldershot, GU12 6NE

22/12/2005 £145,000 30 F/H Semi-Detached House

...and I suppose you could find some rising? <_<

Partridge Way, Guildford GU4 7DP £430k 12.12.03

Partridge Way, Guildford GU4 7DP £ 472,500 29.4.05

Bushy Hill Drive, Guildford GU1 2UQ £ 185,000 30.1.04

Bushy Hill Drive, Guildford GU1 2UQ £232,000 4.11.05

Will they do?

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Partridge Way, Guildford GU4 7DP £430k 12.12.03

Partridge Way, Guildford GU4 7DP £ 472,500 29.4.05

Bushy Hill Drive, Guildford GU1 2UQ £ 185,000 30.1.04

Bushy Hill Drive, Guildford GU1 2UQ £232,000 4.11.05

Will they do?

No... give me more...

What a mixed-up world we live in ;)

Point is, house prices are doing a Mexican wave.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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