If you, like me were having a conversation with someone who was adamant they knew the most important reason for selling property was emigration. See for yourself so you can hold your own in a conversation. The conversation always turns when you know your numbers. Let’s just dive right in.
Most Important Reasons For Selling Property ATM
Have You Seen FNB’s Property Barometer Results Up Close?
Well if you missed it, click here to read the full article, complete with backlinks to the FNB Property Barometer. Remember it is always a 1/4 behind so these are fresh results from the end of June 2023. These results also come out every quarter. What you will note (from the table above) is that financial or economic pressure is mounting all around us. We are all feeling it. Bond repayments have gone up, and the general cost of living has gone up.
Reasons for Selling Property – What Property Cycle Are We In?
Well, with quite a few properties on the market in Robindale, in fact, there are 62 properties listed for sale in Robindale alone according to P24. A major percentage of these properties have had a bit of a price cut which is very very normal in a buyer’s market. Supply is high and demand is low given the sentiment in general from FNB and other major sources. Not sure if you read my blog about the buyer’s market in Robindale? There is quite a bit of content there if you have the time so go and have a squizz.
What Happens In A Buyer’s Market
Short answer the market is correcting. Economic pressure comes into play. Interest rates are higher now than a year or two ago. It’s a timing thing. Generally, with a market price correction, prices drop which corrects the market. If you have plans to sell your property in Robindale, you should also remember that according to FNB, it is now taking 85 days to sell. But the buyers are scarce.
Need Strong Property Valuation That Will Compete Effectively In Robindale?
Ready to explore market-related property evaluation and achieve great sales results? Call Sandy at 083 550 1220. Let’s make your sale smooth and effortless. Sell with Sandy and experience the difference. Click here to schedule a property valuation in the Robindale and surrounding areas. And if you are looking for your dream home, have a look at these dream homes I would love to sell in Robindale and the surrounding areas.