Zoopla has found from its latest survey that home owners who had an estate agent come to value their property had a nice surprise when it came to equity.
In a survey of 2,000 homeowners, 45 per cent were told it was actually worth on average £46,305 more than they realised after having a local estate agent value their home.
Zoopla’s Hidden Equity Survey researched the findings from property owners who had a local estate agent value their home during the last three years.
The portal claims the results show, “the role the agent community has to play in educating consumers, with just three in 10 homeowners having an accurate idea of the estimated value of their home.”
Andy Marshall, Zoopla’s chief commercial officer said:
“Our equity survey highlights how homeowners need to seek experienced agent advice to check the estimated value for their property, which may unlock hidden equity, making sense to put their home on the market. This in turn will help stimulate the market by boosting supply for committed buyers.”
As we at Homes have witnessed first-hand, the effect of a series of lockdowns during the Covid pandemic has really led to people re-evaluating their lives and where and how they want to live. Factors including the Stamp Duty holiday and the introduction of the Government lending backed scheme have brought added confidence to the housing market.
Rob Price & Charlie Barr, joint Managing directors comment:
“The role of the local, independent estate agent has never been more critical in navigating the homeowner journey. Our local housing market across North East Hampshire and the Surrey borders has been incredibly active and busy. So much so, that the demand from serious buyers cannot be met by the supply of properties coming to the local market.”