Have you got hidden equity?

Did you know that nearly 50% of homeowners undervalue their homes by as much as £50,000? This is according to recent research by property website Zoopla, based on homeowners who have had their property valued by an estate agent in the last 3 years.

That’s a lot of money to be sitting on that could be put to good use. For some people this will mean they can afford to move to a bigger property, others will be able to retire earlier than planned, while some individuals will use the money for lifestyle choices such as holidays or upgrading their car. 

This survey shows it’s worth getting a valuation on your property so you’re in the know about what your property is worth. The COVID pandemic has had a big effect on the market – demand has been incredibly high and as a result house prices have risen.

Valuations are free of charge, and without any obligation to proceed – so why not see how much your home is worth? According to Zoopla’s results, a significant proportion of those people whose homes were valued at more than they thought were overjoyed! 45% of those who didn’t realise how much their home was worth said this knowledge would have helped them to make different financial decision in the past.

Jamie Smart, Director of smarthomes, commented ‘As one of the leading estate agents in Solihull, we pride ourselves on knowing the local property market in depth. We know what will sell, at what price, and what appeals to buyers. Our team work incredibly hard to ensure each and every customer is treated professionally, and communicated regularly with, so they are never left wondering what’s happening with their valuation, instruction, or sales progression. Now is an incredibly good time to sell your property as we have so many buyers looking for properties in the Solihull area.”


To arrange your no-obligation valuation, please contact smarthomes on 0121 744 4144, option 2. To find out why you should choose smarthomes to sell your property please click here:
https://www.smart-homes.co.uk/why-choose-smarthomes


Article source:
https://www.zoopla.co.uk/discover/property-news/how-much-is-my-house-worth-hidden-equity/