What's in the report?
Industry leading property data, available to the home buyer for the first time
Pioneering negotiation and valuation
Give yourself the edge with bespoke automated online property valuation techniques and a 10-year market price analysis, displaying if we think the vendor has a mortgage on the property and how much is left to pay, their likely overall financial situation and much more. In short, the E-Valuation is a property evaluation that gives the buyer a wealth of data to help construct the most realistic and effective offering strategy. It is designed to help buyers have full information to evaluate the property before making an offer.
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.
Industry leading property data, available to the home buyer for the first time
The maximum amount a lender is likely to lend on the property (Highest Expected Bank Valuation)
The floor size of the dewlling
Confidence level of dwelling floor space expressed in (m²)
Shows when the property was last Registered as Sold if the property is located in England and Wales. Date format: Year-Month-Day
Amount in £ property last sold for (England & Wales Only) - Potential mortgage amount left to pay
Shows when the property was last Registered as Sold if the property is located in Scotland. Date format: Year-Month-Day
Amount in £ property last sold for (Scotland Only) - Potential mortgage amount left to pay
The probable deviation in the listing price, has the agent listed with a high market value? Is there a margin to negotiate with?
The confidence level of local property homogeneity to which forms the listing price. How sure is the agent and seller of the list price? Were the facts accurate to form the current list price?
Local Sale Market Price Change over Last 1 Year in the postcode area (%)
Local Sale Market Price Change over Last 2 Years in the postcode area (%)
Local Sale Market Price Change over Last 3 Years in the postcode area (%)
Local Sale Market Price Change over Last 5 Years in the postcode area (%)
Local Sale Market Price Change over Last 7 Years in the postcode area (%)
Local Sale Market Price Change over Last 10 Years in the postcode area (%)
Shows the sellers Likely Credit Card Balance
Shows the sellers Likely Number of Loans
Shows the sellers total Likely Unsecured Debt in GBP, Loans+Cards
Shows the sellers Likely Income after taxation (£ per year)
Shows the sellers Likely Outgoings (£ per year)
Shows the sellers Likely Savings
Shows the Likely Electricity Bill (£ per month)
Shows the Likely Electricity Consumption (kWh per year)
Shows the Likely Gas Bill (£ per month)
Shows the Likely Gas Consumption (kWh per year)
Shows the Likely Home Insurance Bill for a standard Buildings only level of cover (£ per month)
Shows the Likely Water Bill (£ per month)
The instant survey is an instant report on the property and uses a traffic light system to clearly show the situation, just like the RICS Homebuyers report. They also use a clear metre system to show other criteria like future saleability and insurability.
Mr and Mrs Rees, Guildford
I was particularly interested in knowing more about flood risk as there was a river nearby the potential property. The results were very in depth and gave me a really good understanding of the exact situation before we committed to making an offer. It turned out it would be very difficult to obtain a mortgage on the property and insure it due to the predicted flood forecast over the next 30 years. I am so happy I saved the money from not going ahead with this property. I used the same Instant survey for my current property, it came back positive this time.
Mr Riley , London
I will use Buyers Edge again and again. I was really interested to know the potential financial situation of the person who sold us their house. Buyers Edge state that the data they display is the same data that marketing agencies use to decide on strategy. It gives a really thorough overview of the potential situation you will be faced with, in this circumstance it gave me the courage to be a bit cheeky with my offer as I noticed the vendor likely had no debt, some savings, and we worked out using one of their tips, that they had very little left to pay on their mortgage.
Mrs Irving, Leeds
It is unbelievable to know you are able to get prior information about property title deeds and leases for flats and apartments. I viewed a flat in London which had come back on the market, the estate agent told me the reason it was back on the market was because the buyer pulled out because they could not obtain a mortgage. I purchased the Instant survey before making an offer and found that the length of the lease was less than 65 years, meaning some mortgage companies will not lend unless the lease is renewed which usually costs thousands of pounds... Very glad I did not waste a huge amount of time and money to find this out, always check!
Mrs Patel, London
My Son was buying his first property and asked me for help! I had not purchased a property for many years so was not keen on giving him advice. I came across Buyers Edge and decided to purchase both their data packages and sent them to him. My son relied upon the data in the reports throughout, the Instant survey did not return anything of concern, which gave him confidence to proceed, he also informed me the E-valuation was incredibly helpful to understand the correct price to offer.
Ms Anais , Twickenham
After viewing the property we were told by the estate agent that there was another family interested and they would potentially make an offer. We knew we had to be quick and researched as much as possible online, however most of the data was limited and anything more was overpriced because it is designed for you to buy in the conveyancing process after you have financially committed to the purchase, and had a long delay of 3 days and up to 2 weeks in some circumstances. We found Buyers Edge at the last moment and received an Instant Survey immediately upon purchasing, exactly what we were looking for.
The Grinhams, London
Other than the fact we think the data packages are an excellent service and represent exceptional value for money, the insurance discount makes it even more valuable! We stumbled upon Buyers Edge 2nd time lucky, part of the reason our first sale fell through is because of a budget solicitor firm which was very slow and poor with communication, when the sale fell through we had spent approximately £2000 which we won't be getting back. We decided to use Buyers Edge's recommendation on the 2nd property, The Partnership Solicitors, whilst they were £450 more than our previous it was worth every penny. Get the data packages and don't cut corners with solicitors!
The Sloans, Margate
The data returned in the Instant Survey is accurate, some of the issues that were highlighted in the report were picked up in the conveyancing process. We found Buyers Edge’s recommendations and advice in the reports to be valuable and effective. We would recommend this to any one considering purchasing a property. You also get a very useful exclusive discount with A-Plan Insurance.
Mr Hitchman, Manchester
Believe that we might have saved a few thousand by not going ahead with a property based on the results returned in the instant survey. Massive flood issues, and following the advice of Buyers Egde to get an insurance quotation prior to committing, very expensive to insure and many unfavourable terms surrounding flood, not really our cup of tea! If we had found this out later we could have lost hundreds or thousands of pounds. Buyers Egde give you a 25% discount for your next report if the first house does not go ahead, very fair and made sense to us!
Mr. Al-Ghawi, London
I have not purchased a property for many years and didnt really fancy asking the estate agents opinion, I am very aware they are working for the seller of the property and their job is therefore to sell it to you. After viewing 2 properties with the estate agent I wanted to do my own research, I knew the agent was not going to tell me about the negative aspects of the houses and anything I asked she was unsure of...The properties were only a mile apart from each other but one seemed to be a better purchase based on the Buyers Edge reports, this really helped me to decide which house to go for and removed the conflict of interest the agent had.
Ms Santos, Birmingham
I cannot express how valuable it is to be able to obtain this data before actually purchasing property. I am an active investor and have used Buyers Edge’s data packages on numerous occasion. I think I have a good understanding of the results that are shown in the packages but it is nice to read the advice and recommendations that Buyers Edge give, they are truly working for the buyer only. My offer always reflects what I see in the Instant survey and is never questioned by the vendor, it seems to be extremely accurate. When you sell use an estate agent and when you buy use Buyers Edge!
Mrs Foster, Farnham
The house we purchased is quite unique. We realised there is nothing exactly resembling it nearby and wondered where the agent got their valuation from. We purchased the E-valuation, the data that is displayed is hugely insightful, amongst others, it scores how realistic or emotional the agent has been with the listing price, like if it has been based on other data or is it more of a ‘lets try and see how much we can get’ policy. We realised that the agent had been hugely emotional in the listing price and based on other information in the E-valaution we came back with our own level we were happy with, it worked and we think we got a bargain!
Mr Barham, Nottingham