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Darren’s insights

Avoid This Estate Agent Trap

Overpricing is a business model for some estate agents, leading to false hope and shattered dreams – don’t get caught out.

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It’s a nightmare. You decide to put your home on the market and approach local estate agents for valuations. You choose the highest valuation – it’s far more than you expected and you’re excited.

The agency lists your property, you gear yourself up for a sale, and you wait.

And wait.

And you keep waiting.

And…nothing. No buyers. No offers.

Why? It’s simple. Your estate agent overvalued your home – deliberately.

For some estate agents, and increasingly in recent years, overpricing is a business model. They overprice your home simply to get it on the market.

In the process, they tie you in to a long contract while they gradually bring your expectations and price down in-line with the market, or sometimes even below.

These agents – we won’t name them - will happily tie you into a five-month contract you can’t break out of. Even if they do absolutely nothing to help you, you can’t go to another estate agent.

It’s cynical practise that we see day in, day out. It gives people false hope and it can be financially and emotionally draining. At Bartlett & Partners it’s something we simply refuse to do.

We offer you an evidence-based valuation.

If you decide to go with us we only ask for a four-week contract to get your home on the market and get the ball rolling. We find that even if we haven’t achieved a sale for you within this initial period, you will have every confidence that we are best placed to continue working for you going forward.

For further information, why not get in touch? - We're here to help.

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