e-valuations.co.uk


	Source 1: Land Registry Data Interpretations [Report Details] -Advantages: This source can be thought of as the most dependable. The Land Registry records the date and the sales price for every property transaction in England and Wales. This source is based on cold, hard facts. -Disadvantages: The prices that are recorded only represent a snapshot in history of the property market. The property market is prone to fluctuations in value and a price that was recorded, say, 6 months ago, does not necessarily represent the price that someone would pay for it today. -The e-valuations.co.uk solution: The fluctuations of the property market are reported by the Land Registry every three months. These localised fluctuations are tracked by e–valuations.co.uk and the data is inserted into mathematical formulas that produce an estimate of "today's value" for any individual property that has been sold in the last five years.


	Source 2: Local Estate agents opinions [Report Details] -Advantages: Each community has its' group of local Estate Agents. They have first hand experience in dealing with all types of properties within the catchment of their high street office. They are aware of recent market trends and also the current state of the market. They know the hot spots as well as the "not-so-hot" spots. -Disadvantages: In some situations, the interests of an Estate Agent may conflict with the interests of someone who is trying to sell their property. For example, when an Estate Agent is invited to value a property, the agent may feel the need to inflate their own valuation in an attempt to impress the person selling the house, and hopefully gain a new customer. -The e-valuations.co.uk solution: As a professional valuations company, e-valuations.co.uk is able to approach the local Estate Agents and discuss property values objectively and without any undue sales pressure. By speaking with a range of selected agents, e–valuations.co.uk is able to form a "consensus of value"


	Source 3: Similar Houses for sale [Report Details] -Advantages: This is the most up to date reflection of the current market conditions. If asking prices are significantly higher than recently sold properties, then the market is rising and the value of your property should reflect this trend. If the asking prices are lower than recently sold properties, then the market is falling and the value of your property should reflect this trend. -Disadvantages: Anyone may set the asking price of their property to any value that they want. There is no limit and there are no rules. This creates a situation where many sellers, first, "test the market" by asking a higher price than what they expect to achieve. "Testing the market" distorts the actual strength, or weakness, of the current market. -The e-valuations.co.uk solution: The difference between the amount of the asking price to the amount of the accepted offer is a good indicator of the current state of the market. When e-valuations.co.uk presents the data for properties that are currently for sale in the report, an adjusted, lower figure is simultaneously presented to compensate for the tendency to over value properties.