Factors influencing the value of your property

Know your home’s worth

Your home’s market value depends on a range of factors, including location, age, condition, fixtures, amenities and renovations. It is critical to understand how these elements interact if you are to have realistic expectations of your property’s worth. An accurate assessment of the value of your property becomes critical when you consider that many estate agents, property auctioneers and unscrupulous home buying companies exploit prospective sellers’ lack of market knowledge.

MPG Investments is committed to providing you with financially empowering information and a realistic estimate of what your property is worth. The below advice will help you make an informed decision when it comes to selling your home.

“Location, location, location” is a cliché – because it is true. Proximity to public transportation, schools and shopping centres has a considerable effect on your home’s market value. The atmosphere of your neighbourhood, nature of the surrounding landscape and view from your house are also key factors influencing your home’s market value.

Technically, cosmetic appearance should not affect home valuations. However, prominent property experts lay claim to contradictory evidence. They contend that most valuators rely heavily on their first impressions of a home; especially regarding the exterior of your house, brightness of rooms and the condition of the bathrooms. A well-designed kitchen has the potential to boost a property’s value drastically. The square footage and overall design of your house can also significantly influence its market value.

Why estate agents cannot always be trusted

Second only to politicians as the least-trusted professionals in a recent UK survey, estate agents are infamous for inaccurate property valuations. Some even go as far as directing home sellers to ‘impartial’ financial consultants who are, in fact, collaborating with the estate agents to confirm imprecise valuations.

This discrepancy between the estate agent’s exaggerated valuation and true worth leads to a false sense of security for homeowners who are expecting a good deal. Reality kicks in when the homeowner receives much lower offers than initially anticipated.

Often, homeowners need to sell fast due to financial urgency, and thus accept low offers. Not mentioned by the estate agent initially, however, are further hidden costs and deductions that lessen this already reduced amount. Educate yourself and visit our More Bills webpage for more about these ‘silent’ deductions that too few people know about.

Take a moment to consider one more issue. Estate agents often implement the ‘push element’ to inflate property prices – as well as their commissions – during peak selling periods. This tactic instils false hopes of lucrative deals in sellers and increased resistance among buyers, who understand that the prices are unreasonable.

Avoid Internet property valuations

The flaws of online property valuations are manifold. Based solely on principles of ‘averages’ and ‘the common denominator’, these valuations draw random similarities between your home and previously sold properties and then use this information to fabricate an amount. It is only logical to contend that every home is unique and that this method of property valuation would yield inaccurate results.

Be wary of property buying companies with idealistic promises

Numerous property-buying companies exploit vulnerable people with financial complications by luring them in with unrealistic claims. Promising instant cash gratification and the end of your debt worries, they attempt to buy your property for much less than it is worth. In some instances, the companies rent homes back to their former owners at a rate higher than their previous mortgage commitments! Furthermore, these companies often charge hundreds of pounds for property valuations and then provide a mere drive-by valuation in return.

How MPG Investments works for you

If you cannot afford the lengthy and complicated process of selling your home at market value, or risk the possibility of chain breaking, look no further than MPG Investments for an immediate and sustainable solution.

Trusted by satisfied customers nationwide, we are a guaranteed cash property buyer that is committed to tailor the best deal for you. Our professional staff will visit any property in the UK to make an assessment of the value of your home. Other companies may charge up to £1000 just to make an offer on your property – at MPG our value assessments are absolutely free.

If you choose to proceed, our experienced consultants will negotiate a deal with you and within days, you can have access to your home’s worth in cash. Our financial resources and credibility are a potent combination – contact us now on the following free phone number 0800 634 9231 and let MPG work for you!