What really does annoy us is Agents that use an overvaluation to gain the instruction. Yes, this definitely goes on here in Formby and the surrounding areas and there are quite a few repeat offenders, so beware!
The agent will knowingly put 10-15% on his/her valuation and convince the vendor that they can achieve a higher price than the other agents that have been out. This makes the vendor think they can get more if they choose the said agent. They will then tie you into a contract, sometimes up to 16 weeks! and 3 to 4 weeks into the marketing call you up to reduce the price.