Most of us are fascinated with what our property is worth. If you are obtaining a formal valuation for loan or taxation purposes, the valuation will be based upon actual evidence, taking account of current market conditions. Estate agents’ valuations, whilst being based on evidence, are far more influenced by their subjective opinion. People seem to be continually puzzled by the huge variation between estate agents’ valuations, which is much to their frustration and, sometimes, cost. A good valuation will, of course, take full account of market evidence and market conditions in equal measure. Don’t always reject the highest figure you are given, but ask how your agent has arrived at that figure. If you have confidence in the agent and their opinion, accept it and instruct them.

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