8 First Date Style Questions to Ace Your Property Valuation Meeting

Well hello there, property owners, aspiring landlords and first daters. So, you’ve decided to get your property valued. Great move! Now comes the fun (daunting) part: making sure you ask all the right property valuation questions during that all-important meeting. Think of it like a first date – you want to know as much as possible before committing. And without getting sauce down your shirt in the process. Don’t worry, we’ve got your back with the top eight questions you need to ask to ensure you’re getting the best advice. And no, it isn’t actually a first date so you can put that rose away Brian.

1. How did we get here (at this property valuation)?

Alright, let’s get straight to the point. When your agent throws a number at you, you need to know where it came from. Asking this question is like asking your date where they got those winkle picker shoes – it’s important to understand the process. A good agent will break down the comparative market analysis (CMA) for you, explaining how similar properties in the area have influenced your valuation. If they can’t give you a solid answer, it might be time to swipe left. Particularly if those pointy shoes aren’t part of an elaborate joke.

2. What’s the local (dating) market like right now?

You wouldn’t buy a winter coat in July, right? The same logic applies to property. The local market’s current state can hugely impact your property’s value. Is it a seller’s market, with buyers fighting over every listing? Or is it a buyer’s market, with properties taking longer to sell? Your agent should be able to give you the lowdown on local trends, helping you decide whether now is the right time to sell or if you should wait for a better season.

3. How long do you think we will last / the property will take to sell?

This question is crucial. You need to know if you should start packing your boxes or if you’ve got time to binge-watch the new series of Bridgerton. The agent’s answer will depend on the current market conditions and how well your property is priced. If they say it will take a while, ask why. It could be due to market saturation, the need for some sprucing up, or even just the time of year. Their insight will help you set realistic expectations.

4. What improvements could increase my (property’s) value/assets?

Think of this as asking for a makeover but for your house. A good agent will know what buyers in your area are looking for and can suggest improvements that could boost your property’s appeal (and price). Maybe it’s time to finally fix that leaky tap or give the walls a fresh coat of paint. Sometimes, small changes can make a big difference in the eyes of potential buyers.

5. What are your fees and are there any hidden (red flags) costs?

Ah, the dreaded F word. It’s not the most fun topic, but it’s essential. You need to know exactly what you’re getting into financially. Ask your date / agent to break down their fees – what percentage they take, what services are included, and if there are any potential extra costs. Are you going to be hit with charges for marketing, photography, or a fancy online listing? Clarity here will save you from unpleasant surprises down the line.

6. How will you market my wares / property?

You wouldn’t show up to a party without dressing up a bit, right? The same goes for your property—it needs to be presented in the best possible light. Ask your agent about their marketing strategy. Will they use professional photography, virtual tours, social media, or good old-fashioned open houses? A comprehensive marketing plan is crucial to ensuring your property gets the attention it deserves. If their plan involves “letting the universe do it’s thing”, you might want to keep looking.

7. Can you provide references or case studies (from former flames)?

Well, the proof is in the pudding. Ask your agent to back up their talk with some real-life examples. Request references from past clients or case studies of properties similar to yours that they’ve successfully sold. This will give you a good sense of their track record and reliability. If they’re hesitant to provide this info, consider it a red flag.

8. Just trust your gut

While these questions will give you a solid foundation, don’t forget to trust your gut feeling. If something feels off or if the agent seems too good to be true, take a step back and reassess. This is a big decision, and you want to feel confident in the person you’re dating. Sorry, we mean the property valuer you’re trusting your valuation with. Ahem.

Getting a proper valuation is like finding the perfect pair of jeans—it takes a bit of effort, but it’s totally worth it when you get it right. By asking these crucial questions, you’ll be well on your way to making an informed decision and getting the best possible outcome for your property. So go ahead, channel your inner detective / first dates contestant, and get the answers you need. Happy house selling!

Contact us:

mark@daviesdavies.co.uk – Sales Director (contact for sales, lettings and new homes)

katrina@daviesdavies.co.uk – Head of Property & Block Management (contact for property and block management)

020 3820 2492

Davies & Davies Estate Agents, 85 Stroud Green Road, London, N4 3EG

Article & images by Barefaced Studios

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