What’s the value of your home? Find out here now.
Get a free instant property valuation before instructing estate agents! No catch and the results onscreen in a few seconds!
Compare the valuation with similar properties on Rightmove, Zoopla and OnTheMarket.
How do I work out how much my house is worth when selling?
1. If you’re moving home and want to sell your house quickly, you may need to accept less money as there will be little time to market your home properly to prospective buyers. Home valuations from professionals are simply a guide.
2. If you have a reasonable time-scale to sell, more competing buyers can be found who will bid the house price up, and you’ll get a higher price when selling. A reasonable marketing period is 6 to 9 months to get the most value for selling your home.
3. Pricing is important at the outset, price too low, and you’ll get an instant buyer, but you’ll be left wondering if you could have got more.
4. Price too high, and no one will even look at your property on Rightmove or Zoopla.
5. The more exposure your property gets, the more chance you have of finding a buyer.
How do mortgage or finance companies work out my home’s value when raising finance?
1. Mortgage companies will arrive at a lower value for your home, perhaps using a three-month selling period because they don’t want to hang on to your home if they need to repossess it.
2. Finance companies repossessing homes want a fast sale and will look for buyers in a position to purchase quickly.
3. A mortgage company may even consider auctioning the property, and therefore a lower sale price would be expected.
What are the benefits of a free house valuation – a price comparison report of your house?
1. You will be able to sell your property through an agent knowing its real value.
2. We check home prices for homes with Zoopla’s current estimated values, so you don’t have to!
3. Every house or property valuation is cost-free and without obligation.
4. Negotiate favourably with quick sale firms, as you’ll know your home’s worth.
How is a property valuation worked out?
We’ve put together a few of the key stages of how we work out a property’s value.
It includes three critical Stages:
1. Compare the house prices of similar properties for sale.
We compare current advertised house prices of properties for sale similar to yours on the Rightmove ‘homes for sale’ section, or Zoopla, to estimate your property’s value, which gives a good indication of how much your house is worth.
2. Check the sold price of properties using the Land Registry or Zoopla websites
House valuation calculators help with checking sold house prices and factor in past house price increases.
3. See if there any special features or amenities impacting a property’s value
Of course, all homes are different from others; some have larger plots, garages, extensions, construction defects, low crime areas, or upgraded décor.
Is there any proper guide for working out a house’s value?
To set standards for valuing property, the Royal Institution of Chartered Surveyors (RICS) definition is that the market value of a property is:
‘The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.’ Source: RICS.
What factors affect my property’s value, what can I do to increase the value when selling?
Many factors can increase or reduce the value of your home. Some of these are outside your control, such as living in a crime-ridden area or next to electric pylons or a wind farm. Other negative factors can turn positive.
A messy, unkempt garden given a makeover. An untidy house spruced up, decluttered, small maintenance jobs carried out, and your home can be transformed, making it much more appealing to buyers who’ll pay more. These are factors that potentially increase home values.
What percentage of full market value can I get when selling my house to a quick house sale company?
When you sell your home fast to Flying Homes, you can expect to receive in the region of 75% to 95% of your property’s current market value. Every fast house buyer has their way of evaluating a property and making an offer.
Generally speaking, you will be able to cash in on more of your home’s value if you wait a few weeks. If you need a sale within days, you should expect to receive a near 75% market value.
Selling fast to a property buyer can be useful if you need a quick sale due to ill health or job loss, etc.
What is meant by a percentage of market value?
In many cases, the real value of a property is what someone is prepared to pay for it. For example, take the value of a house advertised with a ‘High Street’ estate agent; the asking price is usually structured with the intention of the property being on the market for many months, or even longer.
The advertised value is not necessarily what the property is worth in today’s market. The vendor may have waited several months to attract a purchaser prepared to make an offer near the advertised price.
When selling through an estate agent, they’ll often recommend a series of price reductions until buyers show interest. ‘High Street’ estate agents often inflate property prices to secure the vendor’s listing instruction, knowing they face competition from other agencies in the area.
Sometimes the successful Agent also likes to leave a margin to be able to discount later.
At Flying Homes, we calculate the accurate, current market value of a property, using real-time data of comparable sales activity achieved locally and recently.
Are there fees or costs to pay, or any long contracts if selling to a property buyer?
There are no costs or upfront fees involved in the sale of a home with Flying Homes. We make our money from buying your home at less than its full value and reselling it to other quick property buyers or on the open market at a higher price.
If you sell your house fast to Flying Homes, then we’ll account for all conveyancing and legal costs, even if you need to sell quickly to stop your home from being repossessed, etc.
There are no long contracts; some companies that buy houses quickly operate using option agreements, but we don’t work this way if you sell your property to us.
Do other property buying companies charge upfront fees, which I’ll lose if I don’t proceed with a sale?
Yes, some home buyers will charge you a valuation fee at the very start of the process, often with the promise that it’s refundable or knocked off the price they offer.
However, other, less reputable firms may renege on this promise, so get everything in writing if you agree on a quick sale.