How to Prepare your Property for an Estate Agent Valuation – Top Ten Tips

How to Prepare your Property for an Estate Agent Valuation – Top Ten Tips

Thinking of selling your property but don’t know where to start? Well, the first step is to get an estate agent’s valuation of your property. This will tell you what your property is worth in the current market. Selling your property is one of the biggest decisions you will make, so it’s important to get it right. Here are our top ten tips for preparing for an estate agent’s valuation, so that you are ready when the valuer knocks on your door!

1. Clean Up and Clutter Out! – It sounds obvious but a good old-fashioned spring clean can make the world of difference to the appearance of your property. Keeping the place tidy and getting rid of any unwanted clutter allows the valuer to see the full extent of the property without any distractions.

2. Don’t Forget the Exterior of the Property – It is easy to neglect the outside areas of your property. However, do not underestimate how much of a difference first impressions can make. Keeping outside areas clean and tidy will show the property at its best and make it look like it is well cared-for when the valuer arrives.

3. Do your Research – Before any agent visits the property, take the time to do a little bit of investigative work beforehand. Websites like Zoopla and Rightmove have great search facilities for recent sold prices in your area and will give you a great head start in establishing where your property value may lie.

4. Shop Around – Always try and get a few valuations before you decide which agent to go with. Don’t get sucked into choosing the agent that gives you the highest valuation either. Choose an agent whom you trust: someone who is active in the local market, provides good value for money and above all, someone who is motivated to sell your property.

5. Get to The Bottom Line – Every agent will have a slightly different marketing package and fee structure. Ensure that all costs associated with selling are fully explained and that a total figure is given and confirmed in writing. That way you will know exactly what you will have to pay at the end of the process. Then you can compare each quote, like for like, to decide which is the best option for you!

6. Preparation is Key – It is a good idea to compose a list of questions that you would like to ask the valuer prior to them coming out to the property. This will focus your mind on what information you would like from the valuation and also allows you to address anything that has not been covered during the meeting. If any alterations or improvements have been made to the property since you bought it, let the valuer know what works have been carried-out and what these cost so they can get an idea of exactly what you have spent. Do bear in mind however, that cost does not always equal value in every case.

7. How to Show Your Property – Allow the valuer to have a good look around the property. Whilst it is important to point out features that you feel add value to the property, avoid trying to ‘sell’ your property to the valuer by pointing out every nook and cranny: they will know which selling features to look out for. Equally, try and save any questions you have until the end of the valuation: the agent may well have answered most of these before you get around to it!

8. Be Realistic – Everyone wants the highest possible valuation for their property but do try and remember that the valuation process is not an exact science. It is the agent’s job to give you the most accurate valuation they can. If you do not agree with the valuation, ask the agent to explain their rationale: they should be able to offer comparable data to justify this.

9. Allow Enough Time – Selling your property is a big decision and you want to make sure you get all the information you need before you choose an estate agent to market your property with. Try and give yourself about an hour of uninterrupted time for each meeting. Whilst you think that you may have heard it all before, every agent is different and you want to make sure you have covered all bases before you take the plunge!

10. Get the Kettle On! – Only joking…! That said, a wee cup of tea never goes amiss!

Book your free home valuation with MOV8 today. Call us on 0345 646 0208 or email [email protected] to talk to one of our property experts.

I'm Robert Carroll, Managing Director of MOV8 Real Estate, Estate Agents and Solicitors. MOV8 is an innovative and forward-thinking estate agency and solicitor firm with its Head Office in Edinburgh, UK. It is one of the fastest growing firms in the east of Scotland. I see first-hand every day what is actually happening in the property market and am regularly quoted in the Scottish Press in property stories. Through this blog I aim to give an honest, fresh and sometimes light hearted take on what is happening in the Scottish property market for anyone who is interested in that kind of thing...

2 Comments

  1. helen crawford 4 years ago

    We were looking to buy in Scotland moving from England but I have been put off by the way things work up there.
    I might have misunderstood this but it looks like the seller holds all the cards. If we want to buy quickly we have to wait for closing date but this is up to seller and solicitor to set at their convenience.
    This feels unfair to a buyer who just wants to move in as soon as possible, not to mention that after waiting the offer could potentially be rejected.

    • Author
      Robert Carroll 4 years ago

      Thank you for your comments Helen. It’s certainly a different system to the one you’ll find in England, and there are frustrations with it, but in some other respects it is fairer than down south, with rules applying to solicitor estate agents in Scotland effectively preventing gazumping, for example. Not all properties will go to a closing date, and even though a property is ‘Offers Around’ or even ‘Offers Over’, a closing date can only really be set if there is enough buyer interest to justify it. With regards to the frustrations of closing dates, have a wee look at this article on our Blog about how to avoid Closing Dates: http://www.mov8realestate.com/2013/01/how-much-should-i-pay-at-a-closing-date-and-how-can-i-avoid-closing-dates/ . If you need any other guidance, please don’t hesitate to get in touch with our purchasing team in our office who can guide you through the process when you have found something that you like the look of!

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