Rightmove have recently confirmed that many houses ARE overpriced, meaning the market will not and cannot pay these prices.
People, advised by agents, are doing themselves irreparable harm by not getting shrewd advice on how much to ask for their properties. Rightmove are correct to highlight this – in the interests of all selling clients.
With the continuing mortgage drought, which by the way is determined by the current wealth of the community, (or rather the lack of it), agents should be properly advising sellers on correct asking prices.
Even rather upmarket estate agents would benefit from being able to show a ‘Charter mark’ against their house prices, certifying them as being carried out to an agreed standard.
It would be a positive point for the house advert, drawing significant extra interest from buyers.
Some people think that official government guidelines should be drawn up for legitimate market appraisals for all estate agents to comply with.
We also think it would help if agents supplied more accurately compiled market appraisals, perhaps with a charter mark added for calculation in accordance with approved valuation principles. This way, agents would stimulate the market into reasonable activity, so benefiting their clients and the market itself.
What does Rightmove, or anyone else think about all this?
Posted by: Property Match (UK): The modern way to market houses
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