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Original poster

Estate agent valuations £75k apart

27 replies

ladeedar · 03/04/2025 09:55

I’ve never sold a house in the U.K. so I’m new to this way of selling/buying.

Estate agents have valued our house very far apart. For context we bought it in late December 2019 for £485k. It was on for £495k and we were told she had others offers over £500k but stuck with us (various reasons).

HPI says £617k. Estate agent one says £599k possibly more so do offers in the region of. Tenants who are moving said they thought roughly £580k.

Then second estate agent says £525k

I have got two more coming to value - but I guess my question is - is this normal? The likely sale price is a huge factor in whether we sell now or not.

OP posts:
Original poster
ladeedar · 04/04/2025 18:47

Tupster · 04/04/2025 11:43

You also need to bear in mind that some estate agents value high to woo you to list with them. Some will suggest a certain price to "test the market", and some will say a certain price to list but give another price they'd expect you to get offers at. You really need to know what approach you are comfortable with and go in with open eyes if you are picking the high valuations. Likely if you list higher, it'll take longer to sell and when offers come they'll be below asking. If you list low, aka "price to sell", more chance of getting it snapped up, and in the right property you might get a bidding war and get over asking- or you might not. It's a gamble but one you need to take with open eyes.

Thank you, it’s really hard. I do know the area well so I think k need to do my own research. Houses are definitely selling. The houses are all quite different which makes it really tricky.

OP posts:
Original poster
ladeedar · 07/04/2025 21:42

Ok got one more which is 585k but that was from a very "posh" estate agent so I know that will be quite high. I think we are leaning to 560k. It is so hard to know what to do - feel overhwlened by it already.

Can't get the HPI figure out of my head but as others have said really estate agents will know the market etc?

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