An online property sales platform - with a catchphrase that says traditional agents’ fees “are bigger than a Texan’s waistband and we don’t think that’s fair” - has issued a guide for sellers to value their own property using four websites.
Settled.co.uk says it is “weird” that vendors rely on estate agents to value homes when the end result is “usually a mix of opinion and local knowledge”. It says the internet offers the following websites “so you too could value your home like a pro.”
It says the starting point is Rightmove, into which sellers should type their full postcode in order to see the latest information on homes for sale nearby.
It then says vendors should use Zoopla’s Sold Prices tab to see how much local properties have sold for.
The next stop is PropertyPriceAdvice which, if the seller provides the appropriate details, will give a ‘lower’, ‘average’ and ‘higher’ price estimate.
To find out if prices are rising or falling locally, Settled then urges vendors to go to Rightmove’s house-prices-in-my-area facility, which gives price movements by property type.
The final port of call recommended by the DIY site is the Land Registry, which offers information on sales and prices for property type, monthly and yearly rises, trends and numbers of properties sold.
Estate Agent Today tried the Settled recommendations to value a westcountry house, dating from the 18th century with modern extensions, unlike any other in the immediate area.
Unsurprisingly, the ‘valuations’ which emerged from the process appeared random and hugely varied - not necessarily the case with identikit homes, presumably.
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"are bigger than a Texan’s waistband and we don’t think that’s fair"
Not that I in any way vindicate the use of stereotypes or barely disguised Fattism, but this is quite an eye-catching tagline. They're gonna get under the skins of the traditional agents, aren't they?
Agreed @Jon, definitely a phrase which has the potential to catch on! Although I don't know if selling your home is quite that simple, as proven by the search on the west country house!
I like the sound of their catchphrase!
I see that OTM hasn't even got a mention here!
Not sure about DIY house sales - sounds a bit risky to me - but for all those DIY jobs that you've been putting off, leave it to us :)
My Great Uncles apartment came up as leasehold. I know this is not the case because I have been eyeing up that property since I was a child!
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