How Much is My House Worth - The Estate Agent Strategy

How many times have you wondered "how much isagents. This is extremely helpful as if the house is
my house worth?" This is a question that bothers avalued any time by a RICS surveyor, the letters will
lot of us when we begin the journey to sell a househave a very good value in assessing the valuation as
and often drop out or just prolong taking a decisiontheir written offers by official estate agents.
simply because we cannot work out how much ourIt is also worth us going to a few estate agents and
house is worth. There are many ways to do this andon the high street in your area and pretending as a
most of them are quite simple and free. One of thebuyer asking them for some brochures of houses
ways is to ask at least three local estate agents inwhich look and are similar to your house in a number
your area to come down to view the house tellingof bedrooms and other features. Pick up these
them that you are keen to put the house on thebrochures and compare the market value within them
market through them. The estate agents willbased on some factors like energy rating of the
however give a higher valuation of your house thanelectrics and gas double ____ size of the bedroom,
normal but this is often within 5 to 10% of the truesize of the kitchen. This will give you a good idea of
market value. Average out the three estate agentshow much your house is worth as to what is being
valuation and drop it by 5 to 10% gives a roughon the market which has similar features.
estimate of the value.It goes without saying that the most important
Next, call some other estate agents in the area andfactor is of course the recent house sales in the area
pretend as a buyer of a house in the street whichwhich have just been completed and most often the
you live in. The estate agents will be more realistic ofestate agents in the area are aware of these figures.
the price this time because you are pretending as aHowever again use the strategy of calling them as a
buyer and would like to give you a good estimationbuyer and asking them how much the houses have
as to the buying price which would be more accuratebeen sold in that area. They will give this information
than the initial one. This would give you a good ideato you free and without any hiccups if you pretend
of how much your house is worth and the marketas a house buyer know how much your house is
value at which you can possibly sell the house.worth. Next time you think about the question "how
It is often worth having the estate agents give amuch is my house worth", the solution is very simple
written letter stating that they will be happy to takeand just requires making four to five phone calls and
on the house at price they have quoted. Once youmay be a visit to the high street. All of this comes
have three to five letters of such select the threewithout any charge whatsoever.
top letters or written offers from the local estate