{"id":9125,"date":"2020-08-03T15:32:05","date_gmt":"2020-08-03T15:32:05","guid":{"rendered":"https:\/\/coppenwall.com\/hub\/?p=9125"},"modified":"2020-08-03T16:13:38","modified_gmt":"2020-08-03T16:13:38","slug":"why-over-valuing-properties-causes-misery","status":"publish","type":"post","link":"https:\/\/coppenwall.com\/hub\/2020\/08\/03\/why-over-valuing-properties-causes-misery\/","title":{"rendered":"Why Over Valuing Properties Causes Misery"},"content":{"rendered":"
<\/div>\n

Here at Coppenwall we pride ourselves on Valuation Accuracy<\/strong>. This has meant we have an extremely high valuation accuracy rating achieving an average of 96.4%<\/strong> of the original asking price. Stats from GETAGENT.CO.UK<\/strong>.<\/p>\n\n\n\n\n\n\n\n

When houses are priced realistically, they sell much quicker. Coppenwall has an average selling time of 4 weeks<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Some agents do have a tendency to overvalue properties. This can have a catastrophic effect, not only to your own sale time<\/strong> but to the property market as well. <\/p>\n\n\n\n

The reason for over valuing is mainly to secure your business. This can however give you unrealistic expectations<\/strong> of your homes value.<\/p>\n\n\n\n

The Rossendale property market is booming at the moment.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

With affordable property prices and out of town buyers the Rossendale valley is becoming an extremely popular place to live. <\/p>\n\n\n\n

We’ve noticed that if a property is marketed at the right price, it should only take a few weeks to sell.<\/p>\n\n\n\n

This information is based on a standard property priced between \u00a385,000 <\/strong>and \u00a3280,000<\/strong>. Properties at slightly higher prices do take longer to sell, as your audience is reduced to those that can afford a higher priced property.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Delays<\/h2>\n\n\n\n

The main problem when receiving an over valuation is the time lost from the initial launch on the market<\/strong>, to a viewing taking place, this in turn delays offers and disrupts the whole selling process. <\/p>\n\n\n\n

TIME<\/strong> is vital when selling a property, an over valued property will not get the traction it deserves in its first launch week. After time your property will become lost in the endless listings online. <\/p>\n\n\n\n

This can also create the impression that something is wrong with the property or that the property is undesirable. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Survey<\/h2>\n\n\n\n

Another negative to an overpriced property is the down valuation at survey stage. <\/p>\n\n\n\n

This is when the bank visit the property carry out a valuation and don’t think the property is worth the amount the buyer is paying. <\/p>\n\n\n\n

Lenders usually come to this conclusion by researching: condition, area and similar properties sold nearby. <\/p>\n\n\n\n

This is a MAJOR<\/strong> issue as this can cause both buyer and seller emotional distress. <\/p>\n\n\n\n

More properties fall through due to down valuation<\/strong> than any other issue at survey stage. <\/p>\n\n\n\n

When a property falls through due to a down valuation the property may need to be re-marketed and this means starting the selling process again.<\/p>\n\n\n\n

More info here: https:\/\/coppenwall.com\/hub\/2018\/07\/27\/down-valuation-affect-my-house-purchase\/<\/a><\/p>\n\n\n\n

Coppenwall Property Valuations<\/h2>\n\n\n\n

Coppenwall utilise the same valuation research as a surveyor would. <\/p>\n\n\n\n

We value using comparable properties, the area as well as taking into consideration internal property condition and square footage. This ensures over valuing doesn’t cause you or us a headache. <\/p>\n\n\n\n

We are one of the fastest selling agents in the Rossendale valley. <\/p>\n\n\n\n

We achieve an average of 96.4%<\/strong> of your asking price. The team at Coppenwall work extremely hard to ensure we sell your property for the best possible price<\/strong> in the quickest possible time. <\/p>\n\n\n\n

Give Coppenwall a call for an accurate and realistic property valuation.<\/p>\n\n\n\n

Book A Property Valuation<\/a><\/div>\n\n\n\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Here at Coppenwall we pride ourselves on Valuation Accuracy. This has meant we have an extremely high valuation accuracy rating achieving an average of 96.4% of the original asking price. Stats from GETAGENT.CO.UK.<\/p>\n","protected":false},"author":82,"featured_media":9460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,83,84,75,77,79],"tags":[225,215,226],"class_list":["post-9125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-agent","category-home-sales","category-improve-sales","category-property-sales","category-property-valuation","category-rossendale","tag-over-valuations","tag-property-valuations","tag-survey-down-valuation"],"yoast_head":"\nWhy Over Valuing Properties Causes Misery - Coppenwall Estate Agents<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coppenwall.com\/hub\/2020\/08\/03\/why-over-valuing-properties-causes-misery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Over Valuing Properties Causes Misery - Coppenwall Estate Agents\" \/>\n<meta property=\"og:description\" content=\"Here at Coppenwall we pride ourselves on Valuation Accuracy. 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