When you’re selling a property, getting a valuation is the first step. You need to know what a home is worth before you can plan your next move, but what if the value you’re given is completely inaccurate. So, why do people still fall for overvaluations? Flattery Of course, it feels great to think your home is worth a huge amount. But you’re not a property professional. You’re emotionally attached to the memories of a property and can easily be blindsided by a high valuation which will tie you into a contract, delay the sale of your home and stop you from moving on. What the overvaluation represents More money means more opportunities for your next home. It could represent an extra bedroom, a bigger garden or two bathrooms instead of one. When a property has been overpriced, you could be lulled into a false sense of security about what your buying power is. Lack of research Selling a property isn’t as simple as contacting an agent, setting a price and getting viewings. You need to know what’s on the market, how much similar properties in the area have been sold for and so on. If you don’t research the local market, you won't know whether your property has been valued accurately. Naivety All good agents know that those coming in with overvaluations and inflated promises very rarely deliver. An ethical and experienced agent will give you an honest and accurate property valuation based on hard evidence that clearly demonstrates the value. They will compare similar properties giving the most realistic figure. They may suggest making small improvements to add value or to make the property more appealing. What they won’t do is promise you something that is unrealistic and leave your sale in limbo for months to come. Are you looking to sell your home? At JCProperty, we pride ourselves on providing accurate, well-researched valuations. Get in touch with our team today. 01724487297 info@jc-property.co.uk