Alex Goldstein discusses how to decide which agent to choose when selling your home. Do you go with the one (more…)
How to decide which Estate Agent to choose?
How should an estate agent value a property? What evidence do you look for? What statistics do you ignore?
Full transcript below:
Alex: Final stretch in terms of how to ascertain a property value. The key to this is what has sold in the market. Ignore what’s for sale, ignore current guide prices, it’s what’s sold. So, go on to as I said net house prices, ignore HPI’s, house price indices, ignore as I said Zoopla and their generalised algorithms and statistics, you’ve got to go by fact and that’s really what an estate agents there for. So, it’s looking at comparable evidence as to what’s sold. The other angle is to look at a pound per square foot analysis and this is what’s called a gross internal area, that wall to that wall, that by that, gives you the overall square footage, times by the magic number for the area. So, for example in Harrogate you can be anywhere between 225 a square foot to about 350 square foot, and you times that out ad that will give you a vague indication as to a property’s value and you then add on a bit extra for the garage or they’ve got several acres with it or they’ve got the views. That’s effectively how an estate agent should value the property, it’s pound per square foot analysis and it’s looking at comparable evidence, what has sold recently in the area as well.
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Alex Goldstein is ‘live’ on Talk Radio with Mike Graham, discussing the North-South property price divide and why southern prices have dipped for the first time in 8 years. Why has this happened and what is the driver behind it all?
‘Live’ on Talk Radio
Featuring global heavyweights in the accountancy and personal services sector PwC (Price Waterhouse Cooper) discussing offshore funding, tax planning andtax avoidance.
Plus Sharon Wright – a specialist joiner using a wood product which has a 60 year guarantee and paint system with up to 15 years!
In addition we discuss the ONLY question you need to ask your estate agent before you instruct them.
So much to cram in, plus the Alex Goldstein top tips!
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