Tuesday, May 17, 2005

Why sellers should allways get 3 valuations

Home sellers in Suffolk could find their property has been overvalued.Consumer group Which? has said estate agents could be overvaluing properties to get business.Researchers for the group posed as sellers and invited four different estate agents to view a three-bedroom bungalow in Suffolk.There was a difference of almost £30,000, or 14 per cent, between the highest and lowest valuations - £220,000 and £249,950.
Todd Lewis said "It's not uncommon to find such a variance, that's whay it's allways advisable to get 3 opinions. Some agents will value high to get the instruction, and then tie clients up on along contract, gradually bringing down the price to a sensible level over 16 weeks."

No comments: