How does e-valuations.co.uk perform online valuations?

e-valuations.co.uk subscribes to using the "Comparative Sales Method" for all of the valuations that are produced. This method estimates a value of a house by comparing the value of similar properties that are for sale or have recently been sold in the same general area. There are 3 different sources from which e-valuations.co.uk obtains and compares information about property values.

The Comprehensive Report combines
the following sources [Report Details]

1) The value of actual property transactions as reported by the Land Registry

2) The value of the opinions of all of the local Estate Agents that were surveyed

3) The value of similar houses currently for sale in the area

Each of these independent sources of information will, alone, provide an estimate of value. By combining all three sources, e-valuations.co.uk is able to provide a significantly more accurate indication of the value of your property.

This figure is determined by averaging the three separate sources to reach a balanced and more informed value.

What are the sources of data that are used by e–valuations.co.uk?

Source 1: Land Registry Data Interpretations
[Report Details]

-Advantages: This source can be thought of as the most dependable. The Land Registry records the date and the sales price for every property transaction in England and Wales. This source is based on cold, hard facts.

-Disadvantages: The prices that are recorded only represent a snapshot in history of the property market. The property market is prone to fluctuations in value and a price that was recorded, say, 6 months ago, does not necessarily represent the price that someone would pay for it today.

-The e-valuations.co.uk solution: The fluctuations of the property market are reported by the Land Registry every three months. These localised fluctuations are tracked by e–valuations.co.uk and the data is inserted into mathematical formulas that produce an estimate of "today's value" for any individual property that has been sold in the last five years.

Source 2: Local Estate agents opinions
[Report Details]

-Advantages: Each community has its' group of local Estate Agents. They have first hand experience in dealing with all types of properties within the catchment of their high street office. They are aware of recent market trends and also the current state of the market. They know the hot spots as well as the "not-so-hot" spots.

-Disadvantages: In some situations, the interests of an Estate Agent may conflict with the interests of someone who is trying to sell their property. For example, when an Estate Agent is invited to value a property, the agent may feel the need to inflate their own valuation in an attempt to impress the person selling the house, and hopefully gain a new customer.

-The e-valuations.co.uk solution: As a professional valuations company, e-valuations.co.uk is able to approach the local Estate Agents and discuss property values objectively and without any undue sales pressure. By speaking with a range of selected agents, e–valuations.co.uk is able to form a "consensus of value"

Source 3: Similar Houses for sale
[Report Details]

-Advantages: This is the most up to date reflection of the current market conditions. If asking prices are significantly higher than recently sold properties, then the market is rising and the value of your property should reflect this trend. If the asking prices are lower than recently sold properties, then the market is falling and the value of your property should reflect this trend.

-Disadvantages: Anyone may set the asking price of their property to any value that they want. There is no limit and there are no rules. This creates a situation where many sellers, first, "test the market" by asking a higher price than what they expect to achieve. "Testing the market" distorts the actual strength, or weakness, of the current market.

-The e-valuations.co.uk solution: The difference between the amount of the asking price to the amount of the accepted offer is a good indicator of the current state of the market. When e-valuations.co.uk presents the data for properties that are currently for sale in the report, an adjusted, lower figure is simultaneously presented to compensate for the tendency to over value properties.

What information is contained within the report?

There are 4 report options to choose from. Each option has unique features to suit the requirements of the purchaser. The contents of each option are described throughout the Sample Report page.

How is the report delivered to me?

Every report is emailed to as an Adobe PDF document. You will require Adobe Acrobat Reader to view and print the report. Adobe Acrobat Reader can be downloaded for free from Adobe's website. Click here to be directed to the Adobe download page.

During the checkout process you will be presented with an option for you to choose to also receive a hard copy of the report delivered by the Royal Mail. The hard copy is enclosed in professionally bound presentation folder.

How long will it take for my report to be produced and delivered to me?

How long will it take for my report to be produced and delivered to me?  The typical report will be delivered within 3 to 5 business days. You have the option to upgrade your order to a "priority valuation". This request will expedite your order so that it will be delivered within 24 hours, if ordered during the working week. Details of this additional service are provided here.

What areas do you cover?

e-valuations.co.uk can value any residential property located in England and in Wales. Please refer to the Coverage page for more information about the types of properties that can be valued.

What is a Corporate Account?

A Corporate Account can set up for professional property companies that are looking for a cost effective solution for their valuation needs. Please refer to the Corporate Account page for more information about this service.

Home | About us | Coverage | FAQ | Pricing | Order Now | Sample Reports | Corporate Accounts | Login
Terms and Conditions | Privacy Policy | Legal Notices | Glossary | Links | Blog