I've had a valuation done on my property online but I'm not sure how accurate it would be?
Most website property valuations are based on data from the Land Registry collected from real sale prices. They use this data to estimate the value of your home based on location, size (number of bedrooms etc) and current market conditions but are unable to take into account the interior of your property.
An online valuation therefore won't know about any improvements or modifications that you may have made to the inside of the property; for example, if you have had a new kitchen or boiler installed, then you may well have added considerable value to your property that wouldn't be taken into account.
Although they can be a useful guide and give an indication of what your property could be worth, online valuations only provide a very general estimate. For a more comprehensive valuation then you really need to get an ARLA Registered Estate Agent to visit your property to assess its condition thoroughly and offer you a more accurate valuation based on your actual property in the current market. It is advisable that you get valuations from a few different Estate Agents to get clear overview of what your home may be able to sell for.
If you wish for ludlowthompson to provide you with a valuation for your property (either by visiting the property or over the telephone) then please call or pop into your local branch.
3rd July 2015
DISCLAIMER: Neither ludlowthompson nor their ‘experts’ take any responsibility for any action or loss incurred by readers of these pages. The reader acts on advice at their own risk. Answers to questions are not exhaustive. Financial advice must always be sought from a professional financial adviser
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