Many assume that a property’s asking price equates to its value. It doesn’t, or at least, it might or might not, and it’s important not to assume that the asking price reflects the true market value.
In this video I take a look at the major flaws with BMV and consider why valuation is an art, not a science.
Here’s to successful property investing
Peter Jones B.Sc FRICS
Chartered Surveyor, author and property investor
PS. By the way, I’ve rewritten and updated my best selling ebook, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same. For more details please go to: www.ThePropertyTeacher.co.uk/the-successful-property-investors-strategy-workshop