Why you'd be best off ignoring Rightmove's latest report if you are a homeowner in Welling

Keeping up to date with whats happening in the property world, especially in Welling, is naturally a big part of my job.

Every month I get a report from Rightmove, the UK's largest property portal, which tells me what is happening out there, and you'll find this month's via a link at the bottom of this article. 

It's titled "Lowest annual increase since 2013 gives warning to overpricing sellers". Most people would read that and be pessimistic, and assume the market is slow. Not so in Welling!

Firstly, let's address the overpricing comment. Overpricing your property makes no sense, whatever the market conditions may or may not be. If you are selling a property, or renting one, you should want your property to be popular and to create an environment of demand, competition and urgency. That is far less likely if you overprice. Ask a local expert for their opinion, and to back it up with some evidence of previous transactions, so you can be confident in the figures given. 

Then there is the "lowest since .." side of things. It's still an increase. Prices are still rising, and this is because of a lack of supply to the market, with significantly more people looking to purchase family homes than there are houses available. This means that if you price correctly, you are likely to get that competition and demand which removes the "time waster" buyers, and often means you get sensible offers in and around asking price, or even sometimes above, rather than "cheeky" offers considerably lower than you were hoping. 

And to back this all up properly? Rightmove report record traffic levels during January 2017. 

As they say, statistics can be used to prove anything. The fact is, the market in Welling is very strong, and if you are looking to move, re-finance, or rent your home, then there is someone out there ready to take your property from you, and probably for more money than you had budgeted. 

Rightmove's House Price Index report for this month can be found here ... http://www.rightmove.co.uk/news/house-price-index/

So why not get an estimate for your place? You can do so online via our free online tool ... valuation.dansonpropertyservices.com or if things are a little more serious please do contact me directly on kevin@dansonpropertyservices.com free and without obligation.

If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.

Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ. There is plenty of parking and the kettle is always on.

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