The Truth About Instant Valuations – A Useful Starting Point, Not the Final Word
Most estate agents now offer an instant valuation tool as part of their online service. These tools are quick, convenient, and can provide a very rough estimate of your property's value in just seconds. But how accurate are they – and should you rely on them when deciding whether it’s time to move?
What Is an Instant Valuation?
Instant valuation tools use algorithms built on nationwide data sets to provide an estimate of your property's value. They’re designed to be quick and easy, offering a ballpark figure based on data from the Land Registry, recent sale prices in the area, and general market trends. These tools are fantastic if you’re just starting to explore the idea of moving and need a rough figure to work with. However, as a foundation for serious planning, they can fall short.
Why Algorithms Can’t Replace a Local Expert
While algorithms are excellent at pricing consumer goods, they don’t always fare so well with something as nuanced as property. Here’s why:
They don’t reflect the true value of a postcode or the perceived prestige of an area
They can’t account for recent or upcoming changes to local facilities or transport links
They overlook planned developments that could affect property prices
They don’t measure local buyer demand, which fluctuates constantly
They don’t understand school catchment areas and how they impact desirability
Even which side of the road your property is on can affect its value
They can’t factor in a shortage of certain property types, which can push prices up – or a surplus, which can drag them down
Speak to Someone Who Knows
Whatever your property goals are, an instant valuation is a great starting point – but not the final answer.
To truly understand what your home is worth in today’s market, speak with a local property expert. At Jacksons, our experienced valuers provide face-to-face market appraisals, taking into account all the factors that automated tools simply can’t.
It’s Never Too Early to Chat
Whether you’re planning to move in six months or just weighing up your options, it’s never too early to talk to us. We’re here to share our deep understanding of the property market, buyer behaviour, and how local developments could affect your future.
Following any market appraisal, we’ll keep you up to date with:
Ongoing market trends
Local price changes
Buyer demand in your area
Any relevant developments that could affect your decision
Let’s Work Together
At Jacksons, we’ll help you:
Achieve the best price
Attract the right buyer
Move at the right time for you
Get in touch today to book your free market appraisal – and start planning your next move with confidence.
