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THINKING OF HAVING YOUR HOME VALUED?
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02 March 2010
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In the current climate, many more people are starting to put their homes on teh market. This is generally good news but it also means we are starting to see the return of some bad and unlawful practices by a minority of agents. If you have had, or are about to have an agent out to value your home ask yourself these questions before signing on the dotted line:
Has the agent used comparable sales to justify their figures? Does the valuation sound way too low or high? Here is a snippet of what the TPO (The Property Ombudsman) code says all agents must abide by2a) When you give advice to someone selling their property, any figure you advise – either as a recommended asking pricedeliberately misrepresent the value of a property.
2b) Any figure given must be supportable, wherever possible, with comparables of similar properties in a similar location.
Insist on a professional agent to sell your home and save yourself a lot of expensive grief. If you haven't already joined, why not stop by our Facebook page and receiv regular news updates?
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