I want to sell a house in Cardiff which needs (in some people's eyes) double
glazing and a new bathroom and kitchen.
Four Estate Agents have valued it, and said that as it is it might fetch
£90k, £100k, £90k and £100k. They all said the cost of renovation wouln't
put the price up enough to be worth it, although one did suggest that
spending £1k on proffesional decorating might put the value up by more than
Do people think they're right?
(It was pointed out in an ourproperty newsletter recently that Estate Agents
have an incentive to pursuade vendors to accept low offers because the extra
work they have to do if you wait for a good offer isn't worth any extra
commission. I don't know if this has a bearing on it.)
Many thanks in advance :-)