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Maybe you underestimated but, it's fairly standard to get a couple round and gauge who's bullshitting and who's more accurate.
It obviously pays to be in the realms of possibility with your pricing as mortgage lenders won't lend if the valuation comes in under the sale price and the buyer can't come up with the difference.
Following on from my estate agent pricing question ... they've come back with a valuation at least 10-15% higher than we expected. Is that normal? Are they just trying to get our custom by saying they can sell it for more?