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House Value Indicator
For our 'self sell' advertising packages, we recommend professional on-line property valuations via our Housing Intelligence partner, Hometrack. Click here to get your professional property valuation. Of course, it is entirely up to you how much you market your property for - although in the interests of selling your property, it is imperative that you value your property realistically.
If you would prefer to estimate the value of your property with the aid of a free price index guide, simply enter your postcode into the free price tool available at Rightmove. By looking at the sold prices of other similar properties in your street or area, you are often able to get a very good feel for the value of your property.
Another useful tool is available from Nationwide. The tool allows you to calculate the value of your property now, based upon the original purchase price.
If you would like to use Buy From The Owner as a traditional estate agent, then naturally we will value your property. Please email us for details.
How property values are derived
Innovaters in the property market of the 21st century have been developing online applications to allow property owners a straight forward, statistical analysis of their homes in relation to their estimated value on todays market.
Such applications, made available by Buy From the Owner (BFTO) are essential for sellers wishing to make the sale of their property without the aid of an estate agent. These "online property valuations" are achieved using a technique commonly used by economists, known as 'Hedonic regression' in which relative data is valued and formulated to create an order of rankage.
In this case, the data would refer to the characteristics of each property, for example geographical area, number of bedrooms etc and by these means, clients may obtain their "house value online" whilst avoiding the use of an estate agent.
The obvious benefits of bypassing estate agents are mainly financial; with a national average of 1.5% being charged as a rate of commission, you'd be paying out £5,250 to an estate agent on a £350,000 property. Last year alone we paid over £2.5billion as commission to estate agents.
So naturally, with the option it only makes sense to eliminate this extra expense and use Buy From The Owner's self sell packages to sell your property.
