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Original poster

Getting a house valued ready for sale. Any tips?

14 replies

BoobiesToTheRescue · 02/04/2019 10:00

Left a house in a will, was renting it out and now we're selling having never done this before.
Does anyone have any tips?

Currently renting via purple bricks and they are going to do a few valuation.

From what I've heard PB tend to over-value it and the house sits on the market for a long time before it goes over to someone else. And since it's 1k upfront to PB I guess it doesn't matter to them how long it's on the market for....? Not to mention the fact that we don't actually have 1k to give them.

How many other valuations should we get done?

Does anyone have advice for a couple who have never done anything like this before?

OP posts:
Solongtoshort · 02/04/2019 11:31

Wow £1000 upfront....the house’s on purple bricks sell well where l am, maybe get other valuations first and look on rightmove to get an idea of how much the house is worth.

The house next door was up last year for £230,000 they had no interest and now this year they have put it up for £240,000 with a different company yet there’s a house same amount of rooms for £215,000 with PB on another road. I wouldn’t pay £240,000 for the house.

Make sure it’s clean for the viewings, if it’s rented out why not give the renters first refusal at a discounted price.

Original poster
BoobiesToTheRescue · 02/04/2019 12:02

The renter is seeing if she can buy it which of course would be ideal.

I'm glad to hear that PB don't over value all houses.

I'm interested to see how long it takes your neighbour to sell!

OP posts:
Foxyloxy1plus1 · 02/04/2019 12:06

Are there other similar houses for sale locally with other agents, so you can do a comparison? That’ll give you some idea whether PB are overvaluing. Look at sold prices in the area too, especially if they’re r ent.

Foxyloxy1plus1 · 02/04/2019 12:07

Recent ffs.

user1474894224 · 02/04/2019 12:12

If you can spare the time get 3 valuations. One large national agency, one local agency and Purple Bricks. Look not only at the valuation but also what you get for your fees - what are the photos like with each agency, do they include floor plans, how to they qualify leads before booking viewings, will they be at viewings/do them for you?, What else have they did in your area and how much for? Will they tie you in for a fixed period? What are their multi agency and sole agency fees? Add all these things together before deciding who to list with. Photos are really important in my opinion...but you shouldn't have to pay extra for decent ones.

Original poster
BoobiesToTheRescue · 02/04/2019 17:22

That's great I've written all this down and I've looked further into the things mentioned. 👍👍👍

OP posts:
Kez200 · 02/04/2019 17:28

I had a mate who sold with PB but she had a local guy so maybe it depends who is your area PB agent?

Original poster
BoobiesToTheRescue · 03/04/2019 13:15

Thanks for the tip about a local, online and big name estate agent.

I'm meeting two on Monday. They said I can ask them any questions then. Apart from "how much are you going to charge us" what should I be asking?

OP posts:
user1474894224 · 03/04/2019 13:55

All the things in my original response should be asked. Also ask them how they arrived at your valuation? What evidence do they have your home is worth what they are listing for ...remember buyers will do their research - so if a similar property sold for X 6 months ago....why are they suggesting you list yours for Y amount more. (It may be there are reasons ...but you need to know these.)

bilbodog · 03/04/2019 14:17

Tell them you want to sell the house now and therefore want a valuation based on that. Be wary of anyone trying to tempt you with a higher valuation to appeal to your greed. The market is dire in a lot of places atm but in most cases a property should sell if it is priced correctly. Make sure it is clean and well aired before viewings.

Original poster
BoobiesToTheRescue · 03/04/2019 20:38

@user1474894224 Thank you, all written down. I wasn't sure which bits of your original message was meant for me to ask them. I didn't want to make a tit of myself. I'd rather do that here first. Thanks for your help, it's really helped.

OP posts:
user1474894224 · 03/04/2019 20:47

When we sold we had an amazing agent who was new on the scene with his own agency but had been doing the job for years. He explained everything to us. Kept us in the loop. Told us exactly what to do to make the house saleable...I asked if I needed to paint a radiator and he said yes etc ...photos were great. Fee was great. However, in the end we also put it on with Connells who we wanted to buy from to see if the double commission they would get from us in that situation would speed up the sale. The photos and particulars weren't aS good. They didn't validate viewers - so people came round who weren't in a position to buy etc But they have a national database etc I wish the first guy had sold it for us. But in the end Connells did but it was luck rather tha strategy as the people we were buying from bought ours as a rental. Thus reducing our chain to nothing as they had another rental they could move into. We used Connells recommended solicitor who were great.

Original poster
BoobiesToTheRescue · 04/04/2019 12:30

Please can you explain why the guide price is so astronomically different to the price it's on for?

I just saw a house in for £313k guide price but underneath advertised again at 475k

OP posts:
Original poster
BoobiesToTheRescue · 04/04/2019 13:50

It's ok I've figured out it's an over 60's scheme.

OP posts:
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