In today’s episode I answer Keith’s question about his two properties he’s had valued by an agent, they have both come back lower than he expected.
It’s very important to be careful when you’re getting a valuation, especially from an agent. An agent’s job is to sell houses, and it’s much easier to sell a house with a lower price. They have everything to gain from selling your property quickly.
It’s easy to compare a properties performance, but remember that there are lots of factors that come into play when comparing different properties. If your valuations aren’t lining up to your properties performance, we need to compare them to something similar in age, location, building materials used and the type of property. So if you’re getting advice I reckon it’s best to get it from a third party with nothing to gain.
P.S You can also listen to our episodes on our Podcast – The Kevin Young Show
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