Optimism for house prices as property shortage leads to smaller August dip

August dip

The news pages are full of stories about property shortages and the smallest August dip since 2007, but property investment company Quick Move Now is offering a word of caution to vendors who want to chance over-pricing their property in response to the national headlines.

Danny Luke, Quick Move Now’s Business Manager, explains:

The headlines are incredibly encouraging for property vendors, and there’s no  doubt that in some areas of the country a shortage of new properties to market is resulting in high property values, but this is certainly not the case in every area, and property vendors must be realistic about what they can hope to achieve in terms of a sale price.

It’s easy to see these national headlines and have unrealistic expectations; the true value of your property lies in how much a buyer is willing to pay for it, not how much the headlines tell you it is worth.

Of course, in those areas that are experiencing a property shortage we may also see an increase in ‘gazumping’ – as was the case in the late 1980s and early 1990s – which means in order to minimise the chance of missing out on in-demand properties, you should ensure you’re as proceedable as possible.

Buyers not caught up in a lengthy property chain are always going to be far more attractive to vendors than those who are.

If you’re looking to move, and don’t want your current property to hold you back, Quick Move Now can buy your house for cash. The sale can be timed to coordinate with your onward purchase so you’re free to complete your purchase to fit in with the vendor’s timescales, making you an incredibly attractive buyer.

If you’d like more information about how Quick Move Now could buy your house quickly, for a guaranteed cash sum, and free you up to secure the property of your dreams, contact their friendly, professional team now on: 0800 068 3366

This content was written by Quick Move Now
Published on 24th August 2015
Last updated on 7th August 2018

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