Check out the neighborhood
Before signing a contract, the first thing you should do is check the property of similar houses in the area that are on sale, or have been sold recently. This will be particularly easy to check if you are buying a property on an estate where there are lots of houses that are about the same house as yours and in similar condition.
When making comparisons, bear in mind that a property’s value can be increased by factors such as what fixtures were included in the price, extensions, loft conversions, fitted kitchens, being in a good location, or the year it was built.