Despite the latest figures showing house prices across the board are on average around £221,000. Property website Rightmove annouced that in January its average sale price was a lot lower at £165,000.
The difference is that agents are over valuing houses to get the listing, the difference between £221,000 and £165,000 is a massive £56,000 or a commision of around £5,600 (based on a 1% commission).
So the word is done over value your house, or you may find you are stuck with it for a long time, all of this time being tied in to your agency.
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