Explaining Estate Agency Overvaluation

EXPLAINING ESTATE AGENCY OVERVALUATION

No doubt, anyone selling their property wantsto hear from a Mayfair estate agent is thatthey’re going to get a good price for it.However, the saying of 'too much of a goodthing' is apt in cases of overvaluation. Whatdoes overvaluation mean? Why do estateagents London way overvalue properties?Overvaluation happen when estate agents arekeen to secure your interest, to be the seller ofyour property. Sellers wouldn’t say no to moremoney for their property, so overvaluationcan win out. However, research show thatovervalued properties take longer to sell andsell for less compared to professionallyevaluated properties.When a seller realise that their property hasbeen overvalued, they feel dejected with theirCentral London estate agents and seek tochange to another agency. Find an estateagency with a proven track-record ofconsistently selling properties. Not only dothey maximise the profits of their clients, theyalso ensure that clients are given honestvaluations.Thankfully, there are estate agents that can dothat. You can find a Mayfair estate agentwith a list of potential high net worth buyersto ensure your property is sold at a great pricein no time.