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Differing EA valuations

9 replies

halfdoneharris · 21/01/2017 22:08

We had 2 estate agents round today to value our property to sell (6 bed semi in Surrey) and have had a massive difference in value. The first said £775-£795k and the other said £900-£950k. Feeling confused and wondering whether I need a third agent round or go mid value. I think the bigger value is too high, but admittedly our property is hard to value due to lots of period features and it being unusual for the area. What would you do?

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eurochick · 21/01/2017 22:09

Get a third valuation.

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Madeoneupnow · 21/01/2017 22:10

Get more agents round

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Allthebestnamesareused · 22/01/2017 18:03

Always get at least 3 then if you get a rogue high or low one and 2 similar you will know what id more likely. Also ask the agents what comparables they have used so you can gauge for yourself eg if they have valued similar to a very afflient area near you and you know your area is not as posh then you can see it may be too high.

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Allthebestnamesareused · 22/01/2017 18:04

*affluent!

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Allthebestnamesareused · 22/01/2017 18:06

Also ask what experience they have of selling your type of property?

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GU24Mum · 22/01/2017 21:39

I'd also ask them at what price point they would advise you to accept an offer from a cash or a chain buyer (ie different amounts) as that may also give you an idea how much "hope" value there may in one of the valuations - or not.

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Herschellmum · 23/01/2017 17:53

Get at least 1 more, that's a massive difference. We had a massive difference in price, we went with the higher one mostly because he wa enthusiastic but had to drop it a lot, would have made better sense to start with a more realistic figure, think it out people off from making an offer as we had dropped it so much.

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halfdoneharris · 23/01/2017 21:18

I got another one today at £850k so pretty much in the middle. After he told me the valuation I told him about the big difference in the other 2 values and he said that the lower value was too low and that he was very confident in his level and that the top one wasn't totally out of reach but that it was a tricky property to value and you just need one buyer to love it.

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halfdoneharris · 23/01/2017 21:20

Think we'll go mid level and see how we get on. It's the feeling that you don't want to be greedy vs not wanting to short change yourself!