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Why to choose Foxtons for your property valuation

By Sophia Wood-Burgess

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What is a valuation? The first step you need to take, if you want to sell your home, is to book a home valuation.

A valuation is where you ask an estate agent to pop in, tour the property and discuss their strategy to sell it with you. It’s a good time to ask any questions you have, and you should end up with a strong estimate of your property value in this market – especially if you’re booking a free Foxtons valuation.

Photograph by Foxtons Specialist Photography

What is your house worth?

Any good local estate agent should be able to tell you an estimate price for your property based on sold house prices in the local area. In fact, you can register on My Foxtons right now, and you’ll see a map of recent successes in the area. However, every house and every market is unique, so recent sold prices only tell one part of the story. To get the full picture, you’ll want an experienced Foxtons Valuer to come have a look.

Photograph by Foxtons Specialist Photography

How a Foxtons home valuation is different

A Foxtons Valuer will, of course, factor in recent sold prices and what’s on the market now when they recommend a market price. However, they’ll also draw on our peerless London property database, your home’s most desirable features and their own experience. Our Valuers know how seasonality in the local market could affect your sale, but they also know which other areas across London have buyers who are likely to move to this neighbourhood for a property like yours. Foxtons sales structure is unique in that our Negotiators can sell across any patch, so we can find your ideal buyer, wherever they are.

It’s like we say in What local knowledge can do for a property sale. Imagine there’s a family ready to purchase in Wimbledon because of the friendly community, great schools and abundance of green space, but this area is so popular with this audience, they're having trouble finding the exact Victorian terraced home they want. We can also match their ambitions with our seller’s homes in, say, Raynes Park, which neighbours Wimbledon. It has excellent education, beautiful family homes and a lovely local community, but it's a bit of a hidden gem in comparison.

Our valuers can take this Wimbledon audience into account while they’re valuing in Raynes Park, and show potential sellers how their homes can appeal to the larger London audience. This insight is unique, useful and it’s worth booking a valuation with Foxtons:

Frequently asked questions

Is this a market appraisal?

One of the most common questions about this stage of the process is: what’s the difference between a valuation and a market appraisal? Essentially, when an estate agent is talking about them, they’re the same thing. Read our article on valuation vs market appraisal.

What about an online valuation?

You can, of course, use an online property valuation tool or “valuation calculator.” With this tool, you enter your postcode and it pulls up the land registry data. An advanced online valuation calculator may utilise sold prices and other data to deliver a rough estimate. However, if you want a truly accurate valuation, you’ll need to get an expert in to see the space and analyse all the other factors that will affect the sale of your property, like changes in the local market, trends among homebuyers who are interested in properties like yours, your timeline and how quickly you need to sell, and how your property’s unique features could be marketed on viewings.

Can I use this for my mortgage?

One more thing we ought to mention here: we’re talking about a valuation in the terms of the ‘market appraisal’ estate agents provide to bring a home to the property market. There are other types of valuations in England and Wales. There are surveys to find potential issues within a property, and there are mortgage valuations which are completed in order for a bank to lend you the money to buy. An estate agency cannot provide these valuations; for instance, mortgage valuations need to be carried out by a Valuer who is authorised and regulated by the financial conduct authority.

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How much is your property worth?

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