If you are looking for more information about selling a property in Linden, in a buyer’s market you have come to the right place. Let’s go over the current trends from FNB (June 2023) and see the tips provided below to ensure your property stands out in a tough buyer’s market. If you are planning on selling a property in Linden, let’s consider the current insights into the Linden property market.
Firstly, if we consider the sentiment from the recent research that FNB concluded in June 2023, the headline insights and trends do point to SA being in a buyer’s market. And for a few reasons which we are all acutely aware of.
- The House Price Index (HPI) is down to 1.9% year-on-year. What this means is that property growth is up by 1.9%. This is also down by almost 4% from last year. This means that property growth has slowed in the current market.
- Expenses are coming under pressure with higher interest rates and a higher cost of living. This in turn affects our buyers who have plans to buy the property that you are selling in Linden.
- Selling a property in Linden will now take a little longer. In fact, as the FNB research suggests you are now considering 85 days.
Are you selling a property in Linden? Book your property valuation in Linden, here.
Do You Have Plans To Sell A Property In Linden? Tips When Selling In A Buyer’s Market
- Unlike in recent years, for Linden, the best strategy for selling a property in Linden is to ensure the asking price is correct for the current market. This is important to ensure that you compete for new active buyers who plan on settling in Linden.
- Enhance your curb appeal: We all know the old saying you only get 1 chance to make a good first impression.
- Flexible Negotiations: Now more than ever being flexible and open to negotiations is your biggest advantage. Given the current political and economic flux we find ourselves in being open to all offers is extremely important. Remember there are 3 options when you are presented with an offer, you can Accept, you can Decline or you can Counteroffer.
- Marketing Does Matter: But not just always the traditional boards on a pavement, but so much more. Social media comes into play here and the power that social media brings to your listing is important. As a parent of a child at The Kings School in Robin Hills, the parent network is vast and the reach into the school is tremendous. Someone always knows someone who is moving into or out of the area. Children grow and the needs of a family on a big property in Linden change when children finish school. New families join schools each year and fondly wish for a settled life where getting to school is only a few minutes away. Professional photography is critical as this is the shop window to the home you have plans to sell.
- Work with a reliable, seasoned and accredited property practitioner. Someone who has seen the market up and down. Work with someone who knows the area and has buyers on hand who would just love the property in Linden you have plans to sell.
- Being patient: Given what we know from FNB’s research it will take longer if you have plans on selling a property in Linden. In fact, we are looking at 85 days +.
All Too Often It Comes Down To Price Reduction
If your property in Linden has been on the market for more than 3 months now, it may be time for some fresh legs. All too often it just boils down to reducing the price until you cannot for the life of you remember what price you listed at. 19.11% of all Linden properties have had price cuts. It is certainly about the numbers, but sometimes it is also about a fresh approach and some new energy. Give me a call on 083 550 1220 and let’s schedule ‘new eyes’ on your property. Because my mandate is to help you sell your property in any given market and what I take most seriously is not transaction it’s about protecting your equity when you sell a property in Linden.
In Conclusion, When Selling A Property in Linden let’s remember
It will take longer to sell a property in Linden. In fact, 85+ days. The asking price needs to be competitive to compete with the active buyers in the market. Ensuring that when you are selling your property in Linden, your property must stand out. Staging a property in Linden to ensure your property competes with active buyers is most definitely a consideration, but so too is decluttering your home. We certainly are selling competitively priced properties in Linden, some in under 85 days and some have taken a little longer.
Give Sandy Graham From KW Select A Call on 083 550 1220
Let Me Schedule A Property Valuation In Linden For You. Or, visit my website at www.sellwithsandy.co.za. I am proud to be in business with Keller Williams, the biggest real estate brand in the world with the most advanced technology to leverage.