At the time of selling a property, every person’s wish is to sell their property for its maximum true value and they end up choosing estate agents all based on the one that offers the best and biggest initial valuation. This may either turn out to be a big mistake or a good decision. In some cases, an overpriced property will result in a longer wait even before other offers come. How do estate agents in East Dulwich arrive at the best, realistic price? One that reflects the worth of the property and at the same time maximizes what the seller actually wants to achieve the worth.
Some estate agents value countless properties during the course of their housing profession that they can carry almost on the course on autopilot. On the other hand, they consider other factors, which hold the key to the precise market value of the property.
Read on below to learn some of the things that estate agents look out for when they value your London property.
1. Indoor Decorative Order
One of the very first things that you as an estate agent need to consider is what the decorative order of the property actually looks like, the one you have to sell. Anything can make your property appear immaculate, smallest details like clutters, carpets to others like wallpaper peelings, each one of these items can knock money off from the actual worth of the property.
2. Modern Kitchen
Keep in mind that if your property features a traditional kitchen, or a contemporary one, one of the leading factors that prospective buyers consider is whether the property has a modern kitchen or not. It has to be one where they imagine their friends and family to play. The truth is that estate agents such as Fish Need Water note that London Homes with these features sell in the best ways and often those that do not face any struggles to make it to the very top of the property market.
3. Well Spacious
Keep in mind that how spacious an accommodation is and how flexible it plays an important role when estate agents come in to value your property. They consider factors like whether the accommodation will be suitable for families as a home, or one that has a stretching point. In addition, they evaluate the number of bathrooms and bedrooms it has, and whether it comes with an extra TV lounge or room. Does space have something that sets a good market value or not?
4. Potential for Modification
Estate agents also evaluate whether the property has the right potential for expanding or modification. If you do not take proper care, this can take thousands off the price of your property. Is the property one listed as a complete building or one in a conservation area with a past of rejection? Such factors are important to consider, however, if you have planning permission for the conservatory, your agent will consider this and arrive at the best value for your property. Estate agents also view the complete square footage, which is vital.
5. The Number of Bathrooms
When your estate agent comes in for a valuation, they would also consider whether your property has enough bathrooms and whether they are spacious. In recent years, the total number of bathrooms is something that has become quite important, so even small modern bathrooms (en-suite) can help and add much more value.
When valuing a property another aspect to consider is whether, your property has a good transportation link or not. House hunters will consider their transportation as well as how long it will take them to commute back to their home after work. In this regard, if a property is located poorly, its value will decrease quite low. In some cases, even a cross rail can help to add more value to the price of your property.
7. Proximity to Top Schools
You also have to consider whether your home is located in a school catchment area (a sought after one r not). Proximity to the best schools in the area always attracts buyers and it is an integral aspect of valuing properties. In addition, most parents who hunt for houses tend to go through OFSTED reports in order to sift through some of the best options and a good estate agent needs to do the exact same homework.
8. Garden Space
A garden helps to add more value to the price of a property. If kept well it can attract buyers, and if not, it puts off prospective buyers. However, a neat, beautiful and pretty garden will be priceless when it comes to the marketing of the property.
When it comes to selling a property, this can be a tedious phase, but you should know that valuing a property is not a simple, random process. You should know that experienced estate agents could help to evaluate your property and tick the boxes mentally as they take a tour around your home. These checks will help to ensure that they come up with the best possible property.