🚨 OVERVALUATION CAN COST SELLERS DEARLY

One of the biggest mistakes when selling your home is launching onto the market at the wrong price.

An unrealistic valuation might sound appealing at first, but if the price doesn’t reflect the market, the result can be weeks or even months with little interest, followed by price reductions as the property becomes increasingly difficult to sell.

Unfortunately, we do see this locally. Sellers sometimes contact us after their property has been sitting on the market, frustrated that the initial valuation hasn’t translated into viewings or offers.

A valuation should be based on evidence, local knowledge and current buyer demand - not simply the highest figure suggested to win your instruction.

So, how can you protect yourself from overvaluation?

🔍 Choose an experienced local agent

Look for an agent with a strong track record in your area. Ask for recommendations and look at the properties they are currently marketing and have recently sold.

🏡 Look at what’s actually happening locally

Check Rightmove and other property portals. How long are comparable properties taking to sell? Are you seeing repeated price reductions?

One property taking longer to sell doesn't necessarily mean it was overpriced, but a consistent pattern is certainly worth asking about.

📊 Research comparable sold prices

Look at what genuinely similar properties have achieved, taking account of differences in condition, size, location and specification.

If one valuation is substantially higher than the evidence suggests, ask the agent to explain exactly how they arrived at that figure.

The highest valuation isn't necessarily the best valuation.

The right pricing strategy should generate buyer interest, create competition and put you in the strongest possible position to achieve an excellent result.

At Kelvin Valley Properties, our valuations are backed by extensive local knowledge and experience. Having sold over 2,800 properties, we understand how important it is to get both the valuation and marketing strategy right from day one.

Thinking of selling?

☎️ 0800 133 7775
📨 sales@kvps.co.uk

Speak to our Sales Team to arrange your free, no-obligation property valuation.