Estate agents help please

[Bredmel]

Definitely do your own research on Rightmove and Zoopla first so you know the real numbers. Most agents will just tell you what you want to hear to get the contract. As for the survey, I’d leave that to the buyer it’s their job to find the faults, no point spending your own cash on it unless there’s a major issue you need to fix to get the sale through

 

[Prestwich_Blue]

He bought it 16 years ago

When a property changes hands, the conveyancer has to register the sale at the Land Registry, including the sale price on the contract. If a property was last sold 16 years ago, that's the price that LR will hold for that property.

But there may well have been other similar properties sold much more recently where you can get an idea of what might be a realistic price.

Most sellers will build some uplift so they can come down to that realistic price. it there's no point in pricing a house at £350k if similar houses either side have sold for £300k in the last year.

 

[1961_vintage]

Like almost every industry I can think of, and Estate Agents are no different, you get around 30% that are decent (ie skills, knowledge, expertise, personal values and behaviours etc) and 70% that are just not.

Buying and selling houses is a human endeavour so find one you can trust and that you can work with through personal contacts and recommendations. There are good ones out there and from my experience this is the best way to find them.

 

[SamTheGuru]

Was just about to ask re: a survey , as a reply suggests it's down to the buyer to sort but if there are issues surely I need to k ow and it'll reflect in thr price?

It is definitely down to the buyer if they choose to do so, but it depends on what you want to do and how long you are willing to wait. Estate Agents will over value and it will be done on face value but it could be on the market for years.

 

[Bri1975]

It is definitely down to the buyer if they choose to do so, but it depends on what you want to do and how long you are willing to wait. Estate Agents will over value and it will be done on face value but it could be on the market for years.

You're not wrong about over valuing, its on the valley in swinton :

 

[Bri1975]

Had 2 estate agents in, one suggests £155k who charges a fixed £2k fee and the other £120k-£130k who wants 1.25% which hasn't really helped me as there is quite a significant difference in valuations