Myth-Busting Valuations: An Honest Guide for Wembley Homeowners

In this quick read, we delve into the importance of accurate valuations – and how to price your property with precision.

Myth-Busting Valuations: An Honest Guide for Wembley Homeowners
Don’t be tricked into high listing prices
The saying “stick it on high and wait for offers” is a common myth that doesn’t align with current market trends. A listing will gain the most attention within the first 48 hours of going live. If priced too high, prospective buyers will ignore it, and it may be viewed as an unworthy purchase. Be wise with your pricing strategy; you want to be ‘in’ the market, not just ‘on’ the market.

Estate agent leaflets: Fact or fiction?
You may receive countless leaflets claiming there are numerous buyers for your property, but how often is this true? In slower markets, such claims may be baseless. The key phrase to remember is, ‘Evidence breeds confidence’. This can be in the form of comparable properties in your area that have sold for a similar price and within a reasonable timeframe. If the claims lack proof, save the planet and pop the leaflet in the recycling!

Online valuations: A rough guide
Online valuations, especially on property portals, might tell you your home is worth more than it actually is. These are, at best, educated guesses ­– hence them being dubbed ‘guesstimates’ by agents in the know. Nothing can replace the knowledge and expertise of an experienced estate agent who can give you an accurate, personalised valuation.

Beware of next-door syndrome
Just because Bob and Janet’s house next door went on for £400,000 and yours is much better doesn’t mean yours will fetch £450,000. Analyse the complete picture. If their house has reduced its price several times and is still on the market after 11 months, a higher price for yours may not be realistic.

Trust in honest, experienced estate agents
At Grey & Co, we believe in honest, transparent valuations.
We’ll guide you through the entire process, present you with comparable evidence and ensure you understand every step.

Don’t let myths take you down the wrong (often painful) path.

Contact us for an accurate and fair assessment of your property. With years of experience in the Wembley housing market, we’re here to help you confidently navigate your property journey.

PS: There’s another myth that all estate agents wear really, really, really shiny shoes – we don’t.

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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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