House Prices Increased in January
According to the Nationwide building society; annual house prices growth has increased for the start of the new year. In December 2017 the annual growth rate was 2.6% but in January 2018 that rate had increased to 3.2%. This change surprised the chief economist of the Nationwide building society as they saw signs of “weakening consumer activity elsewhere”.
Selling Your Home In 2018
So, what does this mean for you the homeowner? Well it’s a sign that this is a good opportunity to sell your property; with the average increase on the rise it could mean a fantastic opportunity to get better value for your property. If you’re looking for some quick tips on what to do for your home to make it sell – check out our earlier post. There have been reports of more people searching for new property at the end of last year and the beginning of 2018, this coupled with the increase in the annual growth gives this year a strong start for property selling opportunities.
This selling opportunity is backed by the relatively low availability of properties so any new properties that go onto the market are quickly viewed by many; giving the selling a better value for their home. If you’re curious about how much you could sell your property for; have Neil and Stuart over for a cup of tea and a free valuation. There is a concern over mortgage approval however; a drop in average monthly approvals from 67,000 to 65,000. If this is something you’re struggling with, put the kettle on and we can have a chat.
Working With Open House
With the prices of properties increasing and the rate of available houses decreasing; you as the selling need to ensure you are getting the right service with your estate agent. A local team that; know the area, have years of experience and don’t take a huge percentage. At Open House we operate online and save money by not paying for a shopfront – a saving that we’re able to pass onto the people we work with. With Neil and Stuart’s decades of experience, couple with their local knowledge (Stuart growing up in Peacehaven and Newhaven), they really are your best source for selling your home in 2018.