5 reasons why you can’t guess your home’s value

Search Properties

Free Valuation

Take advantage of a free no obligation valuation.

Register With Us

Want to keep up to date with properties you might be interested in? Register with us to receive regular property updates

Mortgages

We have a dedicated financial team in to assist with any mortgage advice you may need! Click here for more details.

Find Out More

Your home is your most valuable asset, and while the market is in a good position, it could be tempting to place your own price tag on it and try your luck. However, the reality is that you can’t rely on guesswork when it comes to determining your home’s true value. Let’s explore why.

1.Your local market is separate from the wider market

While the UK average asking price can give you a rough idea of how the market is holding up, local factors are more significant to the true value of your home. Factors such as proximity to amenities, school catchment areas, local crime rates, and quality of transport links all hold weight in the overall value of the property.

2.You could set an unrealistic price

Setting an unrealistic price could be more detrimental to your sale than you might think. For starters, many buyers use online filters to find suitable properties. So, if you’re asking price is too high, your home won’t land on their search page.

Secondly, your home’s asking price should be competitive. If similar homes in your local area are asking for much less, they’re likely to secure a buyer before you do.

Lastly, overpricing your home takes away some of your power to negotiate. An outlandishly high asking price can put off potential buyers, leaving you having to settle for an inferior offer. You could also be at risk of ‘gazundering’ or down-valuing later in the process, where your options could be limited, and again, you might have to settle for a much lower offer than you hoped for.

3.You could sell yourself short

Conversely, even a well-informed guess could have you selling yourself short. Without expert insight, you may miss current local trends that have caused your home to spike in value. Underselling your home is another example of setting an unrealistic figure, leaving you in a poor position to negotiate with the buyer and could cause you to settle on a lower price than your home deserves.

4.You may not fully understand your true borrowing capacity

Accurate property valuations are important to most major banks and lenders, and your buyer will most likely have one carried out early into the sales process. Guessing your home’s value is risky business when it comes to securing your next mortgage, as overestimating can leave you in a tricky position once your buyer has their valuation carried out.

You’ll need clarity on your borrowing capacity from the get-go before you can apply for a loan, as this could save you a great deal of time and uncertainty when applying for your next mortgage deal.

5.Your home is unique

Market averages are important, but they aren’t everything. Unlike online assessments or guesses based on similar properties, an expert valuer will consider your home’s specific characteristics and overall condition before they settle on a figure. This includes things such as layout, repairs and renovations, building age, and anything that makes your home unique and enticing to today’s buyers.

Don’t wonder about your home’s worth - book a professional face-to-face valuation

Latest Properties

2 bed property in Oakland Drive, Wakefield

Oakland Drive, Netherton, Wakefield

£235,000

2 1 1

A CHARMING two bedroom bungalow with driveway, garage front & rear GARDENS. VIRTUAL TOUR AVAILABLE. Awaiting EPC rating.

2 bed property in First Avenue, Wakefield

First Avenue, Horbury, Wakefield

£265,000

2 2 2

A SPACIOUS semi detached home with modern interiors, driveway and EXCEPTIONAL outdoor entertaining space. VIRTUAL TOUR AVAILABLE. Awaiting EPC rating.

$2 bed property in West Park Homes, Pontefract$

West Park Homes, Darrington, Pontefract

£145,000

2 1 1

Situated on this MODERN DEVELOPMENT is this TWO bedroom detached over 40's park home benefitting from SPACIOUS accommodation. VIEWING ESSENTIAL.

Garth Avenue, Normanton

£335,000

4 2 3

An IMPRESSIVE four bed detached in SOUGHT AFTER cul-de-sac with conservatory & garage. VIRTUAL TOUR AVAILABLE. EPC rating C73.

Fantastic service Very productive in a market that is difficult and stressful. Helpful and always keeping you up to date with great advice in the process. John 09/06/2025

Wonderful, friendly service from Francesca and the team. Thankyou for making the whole experience from viewing to signing up and getting the keys a 5 Star service. Susan 09/06/2025

Both Donna & Joanne did a wonderful job for me & kept me informed every step of the way. Thank you both. Marilyn 09/06/2025

Roger Hall visited us and gave us a valuation in October, after reviewing other estate agents we agreed to go ahead with Richard Kendall a week later. In the space of just 15 days we had an offer we had accepted on our property. We were buying a new build property with a long lead time (6 months), and Richard Kendall were fantastic in ensuring our prospective buyers (and anyone else in the chain) knew of the situation. I can't fault the speed or communication of the team, particularly Karen Dawson who helped us at every step. Andrew 09/06/2025

Excellent service and very professional. Mandy kept me informed and was very helpful throughout my sale with regular updates , always very happy and honest and it was a pleasure to have Mandy as my negotiator . I will definitely recommend Richard Kendall. David 09/06/2025

We’ve just sold a property with Richard Kendall and couldn’t be happier with the excellent service received from Lucy and the team. Their professionalism and communication throughout was spot on and made the whole process much less stressful. We were also really impressed with their marketing of the property which resulted in lots of viewings, offers and the sale price we wanted. We actually moved to Richard Kendall from another local agent and couldn’t believe the difference in all aspects of the process. Brilliant from start to finish, can’t recommend Lucy and the team highly enough. Lydia 09/06/2025

The entire process of selling my parents' property during a difficult time was handled with exemplary care and professionalism. Amanda and the team at the Wakefield office were fantastic throughout. Their attention to detail, clear communication, and supportive approach made a challenging situation much easier to navigate. Special thanks again to Amanda, Andy and Donna for their invaluable input and assistance. Their expertise and dedication truly stood out. I highly recommend this team for anyone seeking a smooth and supportive property sale experience. Ben 09/06/2025

We sold out flat through Richard Kendall, working mainly with Karen Marijewko and we could not have had a better experience than we did. Karen kept in touch through the full process without any prompting required, she was so supportive and helpful! We really couldn’t have asked for more from the agency in general but especially from Karen. The process wasn’t the smoothest but Karen helped move it along and always kept us in mind to get us the best experience, we are so grateful for everything Karen has done for us! Sarah & Warren 09/06/2025

The support that Liz from the Wakefield office, gave at this time is unmeasurable. Many thanks for going above and beyond and endeavouring to get our sale over the line. Ricahrd 09/06/2025

Get Social

Facebook

Check out our Facebook page to be the first to hear about property news and our latest properties

Tik Tok

Instagram

YouTube

View our latest property tours and videos

Get in Touch

If you are looking to buy, sell or let a property in Wakefield and surrounding areas or would like a FREE property valuation, contact us via the details below and a member of our team will be in touch.

Contact your nearest branch