Sometimes we get asked by our customers about valuations and costs involved. There are 3 different types of valuation, an estate agents valuation, online valuations and a RICS valuation. Estate agent valuations are normally free, and they will come out and make a valuation – usually on the basis that you will sign up with them. The major flaw in this is that agents will tend to overvalue your property in the first instance purely to get you to sign up with them instead of another agency. This doesn’t give an accurate valuation of your property, and you may have to reduce your asking price later on.
Online valuations are really not to be taken literally and are purely for a very rough estimate. They work by taking statistical data from previous sale history in your area. The problem is that the data is generally 6 months to 1 year old.
The other type of valuation is a RICS valuation. RICS stands for Royal Institute of Chartered Surveyors, who are an independent body that value property for mortgage purposes. This is the only type of valuation you can trust and will give an accurate value of your home. This valuation does however come at a cost of around £500.
Some cash buying companies will make you pay in full or contribute to a RICS valuation if you decide to get an offer from them. However, if you decide to get an offer from Best Prices Paid, we will pay for your valuation. If you aren’t happy with our offer based on that valuation, you are free to walk away without spending a penny. You can get an indicative online offer on our website now to estimate what we think your property may be worth. Remember, it’s free!
This is a popular question that we are asked at Best Prices Paid. As a general rule, estate agents will struggle to sell a property on the open market that are in a state of disrepair. What they tend to do is approach cash buying companies like ourselves, or they advise you to sell at auction.
We can offer you a sale regardless of what kind of condition your property is in, be it a minor repair, or major structural issues. We literally can buy any house regardless of condition.
The benefit of selling to a cash buying company like ourselves is you can quickly sell the property, rather than trying to spend time and money repairing it yourself. This is especially good if you don’t have the funds to carry out major repairs and you just want the cash to move on to your next home.
If you have a question you would like answered, feel free to email us (you can find our email address on the contact us page of our site), or alternatively get in touch on Zoopla Q & A.
If you have looked around our site at Best Prices Paid, you will know by now that we are genuinely one of the most honest companies in our industry. We won’t lie to you and promise you a sale in 24 hours for 100 per cent market value in cash. The reason is, it doesn’t happen and it’s not possible.
As a general rule we can pay up to 80 per cent of the market value of a property for a quick cash sale. Bear in mind that this is for genuine cash, in your bank in 7 days.
If you would like to find out the exact figures on this, the best way to do so is to get a free valuaton from our site, which you can access here.
Alternatively give us a call on 0800 612 7917 and speak with an adviser who will be happy to take you call and assist you further.
Is there a way to achieve 100 per cent market value?
If you need to sell your property for cash, there is no way you will be able to get 100 per cent of the market value paid to you from us, or any similar company. We are a business and operate as a business that makes profit. We have staff to pay, and expenses and need to make a profit from purchasing property.
Having said that, we do offer an alternative sale option on the open market, using our quick online estate agency service. This service works similarly to a traditional estate agent sale, only it’s a lot faster and less expensive. For further information on that service, feel free to speak to our adviser, or simply complete the form on our website. You will be presented with 3 different selling options, one of which is the estate agency service that we offer.