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Undervalue Property

Sell My House Quickly in Bournemouth

Sell My House Quickly found another interesting article about Bournemouth. Bournemouth homeowners undervalue property by £60k.

More than half of Bournemouth homeowners undervalue house by £60k, according to Zoopla.

Undervalue PropertyBournemouth homeowners have been undervaluing their homes by an average of £61,666, according to Zoopla who have revealed the town’s ‘hidden equity’.

The latest analysis from Zoopla reveals that two fifths of homeowners in Bournemouth have lost touch with the true value of their home.

Whilst another two fifths managed to release the ‘hidden equity’ in their home to move up the property ladder.

The hidden equity survey by Zoopla looked at 2,000 homeowners who have had their home valued by an estate agent in the past three years establishes for the first time how accurate Bournemouth homeowners’ estimations of the value of their homes really are.

It found that 42 per-cent of local homeowners have an accurate idea of the estimated value of their home.

Average Bournemouth home worth over £60,000 more than owners realize

The findings from Zoopla show that over half of Bournemouth homeowners (53 per-cent) who had their home valued via an estate agent. Or sold it in the past three years said it was worth more than they thought it was – on average by £61,666.

Julian Hewlett, Sales Director at leading Bournemouth estate agency Lovett International, said. Property prices are often top of the agenda when it comes to conversations about our homes. But this survey shows that we’re perhaps not as clued up on prices as we should be.

We found this article about Bournemouth homeowners undervalue property by £60k on Daily Echo. Kindly click the link to read the full story.

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