Over-valuations and too much reliance on national asking price data is skewing seller expectations, agents claim.
The latest Agents MVMT podcast tackles the thorny issue of the Rightmove House Price Index and whether its asking price data actually helps.
Speaking on the podcast, Mohamed Mohamedali of Armford Estates, said: “Every market is localised. To say the market is up or down, how can you say that on a national level? Every area has a local market.
“Agents are like a live feed but Rightmove is behind.”
He said agents who offer low fees and high listing prices are an issue, adding that professionals must come with comparables and data to back up their appraisal.
Alexandra Hearn of the Agency UK, added that agents are still overvaluing as they think it’s the only way to get property on the market. She blamed this on a lack of training.
Watch the full podcast episode below:
A new agency called Sphere Estates will launch next month following...
In this latest article from the team at Iceberg Digital, they...
Estate agents are angry over delays in processing land searches by a...
Several agencies have refused to market properties on a social housing...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
.jpg){kind=avatar}
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment