27% of Estate Agents Get Valuations “Completely Wrong”

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27% of Estate Agents get valuations “completely wrong”

Consumers are increasingly more disappointed with property agent’s valuations in their property – with 27% announcing they have been way off the mark, up from 20%.

Research from the UK’s biggest independent review internet site for the assets industry, Real state. Uk, also indicates that of the 60,000 customers who posted opinions in 2017, 38% had been sad with the costs they were charged, up from 30%.

Real state’ Martin mckenzie explains:

”When a consumer offers a negative rating for valuation accuracy on the Real state. UK, this shows the realtor possesses is wrong. Everyone accepts touch flexibility over price. However, this extensive increase in valuation dissatisfaction is extremely annoying for the buyer. And consequently the enterprise as a complete. Therefore if estate dealers have become it so wide of the mark questions were given to  requested approximately, why they’re overvaluing belongings so significantly. Are they doing it to undertake and stable the commercial enterprise? Or because they don’t have an accurate hold close to the critical nation of the marketplace? Because There are virtually a few rogue agents out there, seeking to deceive companies by trekking valuations to urge their business.”

The real state saw a 23 consistent with cent growth inside the number of opinions posted on the area.

Martin McKenzie continues:

”Additionally a whopping 38 in keeping with cent were unhappy with the charges they have been charged. Because this is regularly another very stressful trend. Which the enterprise should cope with and is certainly fueling. While the expansion of new enterprise models, supplying different rate structures. A sincere number of purchasers virtually feel they’re now not getting a fee for money, and this should change.”

The best-rated five megastars and worst rated 1-star estate retailers on the Real state in 2017 had been:

Best rated five famous person firms

  1. Bradleys Estate Agents
  2. Ryder & Dutton
  3. Northwood
  4. Manning Stainton

Five. Reeds Rains

Worst rated 1 megastar firms

  1. Purplebricks
  2. Romans
  3. Entwistle Green

Four. Farrell Heyworth

5. Goodchilds Estate Agents.

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