Explaining Estate Agency Overvaluation

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Explaining Estate Agency Overvaluation
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No doubt, anyone selling their property wants to
hear from a Mayfair estate agent is that theyre
going to get a good price for it. However, the
saying of 'too much of a good thing' is apt in
cases of overvaluation. What does overvaluation
mean? Why do estate agents London way overvalue
properties?
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Overvaluation happen when estate agents are keen
to secure your interest, to be the seller of your
property. Sellers wouldnt say no to more money
for their property, so overvaluation can win out.
However, research show that overvalued properties
take longer to sell and sell for less compared to
professionally evaluated properties.
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When a seller realise that their property has
been overvalued, they feel dejected with their
Central London estate agents and seek to change
to another agency. Find an estate agency with a
proven track-record of consistently selling
properties. Not only do they maximise the profits
of their clients, they also ensure that clients
are given honest valuations.
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Thankfully, there are estate agents that can do
that. You can find a Mayfair estate agent with a
list of potential high net worth buyers to ensure
your property is sold at a great price in no time.