Showing posts with label over. Show all posts
Showing posts with label over. Show all posts

Thursday, 24 February 2011

Dont Over Value

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.