Is Your Agent Overvaluing Your Property?
Beware Of Agents Overvaluing!
Today, I want to talk about something really important: agents overvaluing your property just to trap you on the market.
So, you’ve had your three valuations — like Google suggests to do — and maybe one is a bit higher than the others. Why is that?
The first thing you should do is ask questions:
- How long is their contract?
- Are you tied in for 3 months, 4 months, maybe more?
- What’s the notice period if you want to leave?
- Are there any hidden fees when you come onto the market?
Some agents are targeted on simply getting houses listed, not sold, which doesn’t help anyone.
The next thing to ask is: “Where’s the evidence?”
Have they shown you comparable properties in the local area that have actually sold, not just ones that are sitting on the market? We need proof that their suggested price can actually achieve a sale.
And don’t forget, you can do a little research yourself. Jump on Rightmove and check:
Which homes are stuck on the market?
Which ones have had price reductions?
Which ones are actually selling?
Now, if after all that you still feel the highest valuation is right, that’s fine! But be careful what you’re signing. If the contract ties you in for too long, you may find yourself stuck when you’d rather move to a different agent.
That’s why we do things differently. With us, there’s no minimum contract length, no notice period, and no hidden fees. That means you can market your property with confidence, knowing you’re not trapped.
Don't be fooled by agents that overvalue to win your business.