The E-Valuation Report

What makes Buyers Edge different?

What makes us different from jumping on to Rightmove or Zoopla and using their automated valuation services / models (AVMs) or researching market prices yourself?

– Firstly, we are not suggesting you don’t do this, because we do it too as it is an important part of due diligence, offer preparation and gaining peace of mind.

– Secondly, there are lots of free websites which offer the same kind of online property evaluation data in slightly different ways, especially when it comes to automated valuation reports. This data is helpful but does not show the full picture and is not solely aimed at buyers.

At Buyers Edge, we offer services tailored solely to help the buyer maximise their investment and understand the full data surrounding their property and the purchase.

We take the automated valuation reports that you can obtain elsewhere and look for inconsistencies, unknowns and deviations to help our customers think about online valuation in a different way. For example, Zoopla’s automated valuation report can confirm that a house you are interested in is being marketed at the correct price, but to what extent is this accurate? How do estate agents decide on the market price of a property? How do you know you are getting a good deal?

We also look at other information including:

– What a lender-based online home valuation looks like in comparison to market valuation

– The potential scope to be aggressive in offers

– The market price over the past ten years

– The emotion that has driven the price of the property compared to the facts

– Whether the buyer will get a mortgage based on their offer

All of this information and more appears in our property evaluation report with guidance on how to best utilise the results and negotiate.

How the E-Valuation Report helps

This report is designed to give buyers all the information they need to help evaluate the property before making an offer, and thus prevent them from ‘going in blind’. The estate agents involved are working for the vendor and have every interest in negotiating as much as possible for their own fee. Using the E-Valuation report gives the buyer extra information to make an informed offer, in essence levelling the playing field.

We at Buyers Edge have been using the E-Valuation report successfully for many years as part of our own property negotiation strategy and we have proven the strong relationships between lower than market price offer acceptance and the vendor insights/automated valuation report techniques that we give access to.

By partnering with a marketing data specialist company (CACI), that also supplies information to various local authorities and Government, we can display how the financials of households look in a certain postcode. Companies use this information when deciding on marketing strategy, but we have been using this data as part of our negotiation strategy for years.

The report offers a helpful way of understanding the position of the vendor, the relationship between lower than asking price offer acceptance and positive vendor financials. Professional investors and acquisition companies also utilise this same report to set up the perfect offer/entry price. It is good practice to understand who you are potentially dealing with and therefore don’t go in blind; arm yourself with the facts and negotiate like a professional with upfront knowledge and information.

Quality data sources

Here at Buyers Edge we have a saying – “free data can be expensive” – which is why for quality data we pay our partners for each time we pull the data sets, just like how banks and insurance companies do, meaning we have to charge our customers to obtain it.

This information can make the difference between saving thousands of pounds at the offer/negotiation stage or paying the full price. If the property purchase does not go ahead, you can use your unique 25% discount code from us, which will be emailed to you, for your next report.