How Much is My House Worth – The Estate Agent Strategy


How many times have you wondered “how much is my house worth?” This is a question that bothers a lot of us when we begin the journey to sell a house and often drop out or just prolong taking a decision simply because we cannot work out how much our house is worth. There are many ways to do this and most of them are quite simple and free. One of the ways is to ask at least three local estate agents in your area to come down to view the house telling them that you are keen to put the house on the market through them. The estate agents will however give a higher valuation of your house than normal but this is often within 5 to 10% of the true market value. Average out the three estate agents valuation and drop it by 5 to 10% gives a rough estimate of the value.

Next, call some other estate agents in the area and pretend as a buyer of a house in the street which you live in. The estate agents will be more realistic of the price this time because you are pretending as a buyer and would like to give you a good estimation as to the buying price which would be more accurate than the initial one how much is my house worth. This would give you a good idea of how much your house is worth and the market value at which you can possibly sell the house.

It is often worth having the estate agents give a written letter stating that they will be happy to take on the house at price they have quoted. Once you have three to five letters of such select the three top letters or written offers from the local estate agents. This is extremely helpful as if the house is valued any time by a RICS surveyor, the letters will have a very good value in assessing the valuation as their written offers by official estate agents.

It is also worth us going to a few estate agents and on the high street in your area and pretending as a buyer asking them for some brochures of houses which look and are similar to your house in a number of bedrooms and other features. Pick up these brochures and compare the market value within them based on some factors like energy rating of the electrics and gas double ____ size of the bedroom, size of the kitchen. This will give you a good idea of how much your house is worth as to what is being on the market which has similar features.

It goes without saying that the most important factor is of course the recent house sales in the area which have just been completed and most often the estate agents in the area are aware of these figures. However again use the strategy of calling them as a buyer and asking them how much the houses have been sold in that area. They will give this information to you free and without any hiccups if you pretend as a house buyer know how much your house is worth. Next time you think about the question “how much is my house worth”, the solution is very simple and just requires making four to five phone calls and may be a visit to the high street. All of this comes without any charge whatsoever.