Step 1. Gather Information
The first stage in valuing a property is to spend some time on the phone with you getting information about your property, its internal condition, and about the local area.
Step 2. Online research (desktop valuation)
We then use sophisticated valuation software to examine your local market, area, and recent comparable house sales nearby. When this “desktop valuation” has been completed we call to give you an idea of what our offer is likely to be.
If you’re happy with the ballpark figure thenwe begin work on making you a formal offer.
Step 3. Local estate agents
We instruct local estate agents from your area to have a quick look around the property for us and to report back.
This ensures an independent, impartial valuation. (Unlike some house buying companies, at Yes Homebuyers we do not send out sales reps or our own “valuers”. We use local estate agents because they know their area better than anyone - and they're independent 3rd parties.)
Step 4. Put it all together
Once we have all the feedback, we can aggregate it all and review what we've received to determine what the “full market value” of the property is. Once we know this, we can determine our offer.