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Should high street firms charge for valuations when sellers go on to list with online firms?

YOPA NS

An agent would like to canvass EYE readers’ thoughts on a very topical issue – valuing property for vendors who go on to list with online agents.

Warren Sanders of Sanders&Sanders, in Alcester, Warwickshire, said: “As a high street agent with lots of local experience and knowledge of my area, especially in regard to property valuations, I am finding that some of the properties I am valuing are being listed with internet-only companies.

“What I fear, as I’m sure do lots of other high street agents, is that my knowledge and experience are being used by sellers and internet-only companies to help them establish a realistic valuation of the property, as somebody who covers up to say a 50-mile radius could not possibly come up with an accurate figure, especially when dealing with country or village property.

“What I am therefore proposing is to ask all potential vendors to sign a very simple legally binding agreement prior to my valuation taking place stating that if they go on to list with an internet-only company they will pay us a fee of say £200.

“I would be interested to hear from EYE readers if they feel that this could work or not.”

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