Hello all
My ex-rental 2-bedroom house is about to be go on the market, and I am hoping for a quick sale. However, the valuations from estate agents ranged from £365k to £400k, although most were in the £380k to £390k range. I was told that my house was a noticeably larger than average sized 2-bedroom in the local area, and unlike many similar properties does not have mid-house stairs or a downstairs bathroom.
Oddly, according to data from HomeOwners Alliance, the estate agents for the top and bottom estimate, on average achieve 95% and 98% respectively of a house’s initial asking price. Moreover, the estate agent that estimated £385k on average achieves 104% (not a typo) of the initial asking price. So the range does seems to be from £365k-£400k.
I also did a Rightmove search for currently and recently sold 2-bedroom houses within half a mile of my property. The houses that recently sold for £350k or “Offers in excess of £350k” are definitely worse than mine, whereas my house is larger (in terms of floor space) although not in as good conditions as the ones that sold at £365k, £375k or “Offers in excess of £375k”.
There are also listed, but unsold, houses at £375k and £385k which likewise are usually in better condition but have smaller floor space, and unlike mine, some of them have mid-house stairs and downstairs bathrooms.
Given the variation in the opinions of estate agents and to help with a quick sale, would it be worth getting a RICS Surveyor to do a level 2 Home Survey check and valuation?
Any feedback would be appreciated – thanks!