Updating post from Reddit.
I will soon be a first time landlord. I've had two different estate agents value my flat. They gave very similar numbers for the rent. Both were a bit higher than I expected. Do EAs exaggerate when trying to win your business? Should I discount these figures a little?
Put it up at these values. Rents are high at the moment and housing supply is low. Tenants will make offers if they think it’s much too high. The market will tell you within a week or two of the listing going live.
That's what I'll do. Just wondering if other landlords are usually skeptical of the numbers they get from Estate Agents.
EA’s want their commission. Over pricing isn’t in their interest. If anything they may under price rentals to get a quick turnaround.
As mentioned. The market will tell you within a week or two if the price is wrong.
Estate agents sometimes inflate rental valuations to win your business, but if both gave similar numbers, that’s a good sign
Look at rightmove. Include let agreed and compare