Here’s how to get the best valuation for your home (and what not to tell the valuer!)
Are you thinking of selling your home? Then you’ll know there’s lots to think about. What’s the difference between a valuation and a survey? What sort of things does a valuer look at? And how can you get the best possible valuation for your home? These are all question you might be asking.
Holden Smith spoke to Brad Ogden, property expert and head of sales at estate agent Linley & Simpson, to answer these questions and more.
I’m thinking of selling my house, but what is the difference between a property valuation and a property survey?
Brad: Technically, a property valuation is conducted by a surveyor who may also carry out a survey such as a Homebuyer’s Report or building survey. An estate agent will carry out a Competitive Market Appraisal, which is what most people refer to as a valuation.
What type of things will a valuer look at when they are valuing my property?
Brad: A good valuer will be considering everything from the property’s location, first impressions when walking up to the front door and the condition of all fixtures and fittings, to whether the electrics, heating system or windows need upgrading, and whether the property has any unique or outstanding features that make it more desirable and appealing to buyers.
How can I get the best property valuation possible? What sort of things do I need to think about?
Brad: Never tell the valuer what you want to achieve for your property! Instead, let them consider what they feel they can reasonably achieve with an excellent marketing strategy. Consider things de-cluttering your property so the full size of the rooms can be easily seen. If redecorating, think about using light, neutral colour palettes to brighten rooms and create a blank canvass for potential buyers.
Brad Ogden, head of sales at Linley & Simpson
What if I think my house is worth more than it is valued at? What can / should I do?
Brad: The valuer will give you their opinion, but the asking price for your property should be mutually agreed by yourself and the estate agent before discussing it with any buyers. If you do feel your property is worth more than what the valuer has said, discuss this with your preferred estate agent before putting the property on the market.
I’ve had work done on my house so I’m curious about what it might be worth, but I’m not necessarily looking to sell. Is it worth me getting a valuation and why?
Brad: Most estate agents will be happy to give you an idea of the value of your property even if you are not looking to sell; just be honest with the agent when booking the appointment so you get the information you need without a sales pitch on the benefits of selling with them.
Should I be paying for a valuation? Or can I get one for free?
Brad: A valuation/competitive market appraisal will be free of charge. If an agent tries to charge, I would suggest trying a different one!
Linley & Simpson has helped more than 50,000 people move home across Yorkshire since opening its doors in 1997. Whether you're letting, buying, or selling your home, Linley & Simpson will provide a first-class service built on professionalism and trust, to ultimately make moving easy. To find out more visit linleyandsimpson.co.uk or contact the team here.
