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.