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Online ValuationI’ve been called in to give so many second opinions recently that I feel like a doctor. The problem, which is spreading like a bad case of the flu, is properties being vastly overvalued. Sometimes up to£50,000 more than what they could realistically sell for .I don’t visit homes armed with a stethoscope and a medical kit. But I always come equipped with recent comparables to show what similar properties are selling for and also more than 30 years estate agency experience.

The market is strong at the moment and there are fewer properties for sale and more agents trying to sell them.For one unscrupulous agent an over valuation is all about getting more stock on their books and more For Sale boards
out there – no matter the cost in time, money and hassle to the person they are supposed to be working for.
Thankfully many of the people we’ve been visiting recently are aware of this practice and want realistic valuations rather than, as one gentleman put it, a ‘pie in the sky price’.
Thanks for reading,
til next time!
David