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Old 16 February 2006, 05:48 PM
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Albert47
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Default estate agents question!

How do estate agents work out how much your house is worth?

Is there a formula ie A x B + inflation.

a ratio or rule of thumb of something like that?

I know i can ring up and ask for a "NO OBLIGATION QUOTE"

im just curious.

Adam
Old 16 February 2006, 06:17 PM
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Jonathan Davies
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Originally Posted by Albert47
How do estate agents work out how much your house is worth?

Is there a formula ie A x B + inflation.

a ratio or rule of thumb of something like that?

I know i can ring up and ask for a "NO OBLIGATION QUOTE"

im just curious.

Adam
They take a guess based on experience of the market, recent sales etc. No-one knows what your house is worth really - an agent's estimate could be influenced by other factors (like wanting your business).
Old 16 February 2006, 07:07 PM
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davyboy
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Or you could register on something like yourmove.co.uk and search on sold house prices for properties in your area.
Old 16 February 2006, 08:50 PM
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Dunk
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http://www.nethouseprices.com/index.php

D
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