Monty isn’t just a dapper tweed-wearing handsome Fox; he is also a wealth of knowledge when it comes to the world of property. He is on hand to dispense hints and tips on house sales and property rentals to would-be smart Foxes and Vixens in his fortnightly House Column.
This issue, Russell asks, “How do I decide between agents to sell my flat? I’m thinking I should go with the highest valuation as it is £30,000 more than the others!”
Dear Russell,
As tempting as it may be to automatically go with the highest valuation, take a step back and look at the offers in front of you. What fee are they charging? Do I like my agent and can I see myself working with them? Have they come recommended? Do they have good reviews?
It is a long standing technique of some, let’s say, slightly unscrupulous companies, to lure you in with the promise of a sky high return on your property, sign you up to a contract, only to find this price begins to edge down week after week of little interest and invariably ends up in the same ball park as what the other agents valued the property at originally. On the surface this isn’t the end of the world, however, buyers can get easily fatigued at seeing the same property on the market and will raise questions when the price keeps reducing – even if it is a property they were initially keen on.
A far more productive and effective approach is to price a property appropriately and at a value which can realistically be achieved – this way potential buyers are under no illusions and can easily find your property on online searches and you the seller avoid any undue disappointment.
A great approach is to ask a number of agents around to value your property – whilst none of them have crystal balls and will not be able to guarantee a certain price, it will give you the opportunity to compare. If one valuation is wildly more than the others this may raise a warning sign to you to ask questions as to why this may be.
At Foxes Sales & Lettings, every valuation is performed with honesty and openness and based on what a property is likely to sell for in the current market. Please contact the sales team to book your free no obligation valuation and see what you think.
Every issue you’ll find that Monty has hidden himself on a page of House magazine – if you find Monty you are in with a chance to win a prize! This issue Foxes Sales & Lettings are giving away a tasty hamper full of treats– email belen.robbins@foxes.co.uk with the page number that you found Monty on to be entered into the draw. Good Luck!
Foxes Sales & Lettings
t. 01202 299600
w. www.foxes.co.uk
a. Pars House, 2 Poole Hill, Bournemouth, BH2 5PS
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