95% of agents accuse rivals of over-valuing homes to win instructions, GetAgent survey finds
A GetAgent survey of 162 estate agents, published 9 September, found 95% accuse rivals of issuing unrealistic valuations to win instructions, and 89% have lost an instruction to a higher figure in the past year. A third blame sellers favouring whoever quotes highest, which rewards optimism over accuracy. For sellers that matters: an over-priced listing tends to sit, then reduce. It measures agent perception, not proven pricing error.
What this means for…
Buyers· 1/3
Sellers· 3/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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