As most parents will know, tomorrow is A-level results day. This can be daunting for children and parents alike, with some hoping to get into their favourite chosen university, and some with job offers hanging in the balance. 

Many years ago, having a qualification in estate agency, marketing, property surveying, or other related fields was a requirement in order to get a job in estate agency. You really had to understand what a 2 up 2 down was worth before you were allowed to even sit at the desk. These days qualifications aren’t required. Anyone with a knack to be able to flog properties is able to join an estate agent firm. They are taught to value properties based on their bosses. This often leads to properties being valued more than they are worth, in the hope of winning the business of the seller, just to pressure them into dropping the price at a later date.

Due to this, property valuation are now like recipes, with how the agents come up with their figures varying from business to business. Its little wonder the property market is affected by such conflicting valuations. With home owner adamant they have the right valuation, but buyers valuing properties at much less. This difference in price can be a real issue when it comes to selling because of mortgage approval rates. When you are looking to borrow money on a property, the mortgage company will – obviously – hire the services of a qualified valuer. This valuer will then come out an attain the value of the property. If the bank values the property at £100,000, and they are willing to lend 95% Loan To Value, so £95,000, but the seller wants £120,000, then the gap is too great. What was expected to be a £5,000 gap is now £125,000 gap.

This is the issue with today’s current climate, and it is effecting everyone and buyers and sellers are getting further and further apart.

If you are looking to get into estate agency, we would recommend making sure you are qualified in either estate agency or surveying. Make sure you are honest and upfront about the price the property is worth, and make sure clients are using a qualified agent to do their valuations.

If you are selling your property. Ensure you use a qualified agent. We partner with 3600 agents all across the country who are qualified to sell your property. We have worked with some of them for over 40 years, so we know who really knows how to value and who doesn’t.

With AI taking over now its easy to get a quick valuation online by carrying out analysis of other houses in your area that have sold recently. Its great to get a ballpark figure, and you can find our instant valuation tool here. But for a more tailored valuation, we need to understand more about the property, ask questions and chat. If you want a more tailored valuation, you can contact us and we can discuss your property in detail over the phone..

Get in touch today for a tailored valuation for your property.

Call us or send us an enquiry.