If you are wondering what it’s like to buy property in Linden at the moment (September 2023) you have certainly landed in the right place. Firstly, we are seeing a buyer’s market in play. This is a normal part of any property cycle and it does temper house prices that sometimes grow at a greater rate than property growth.
The HPI Short Version If You Buy A Property In Linden Now
Firstly, when you buy property in Linden now, you get great value. The reason for this is that house prices are normalizing. The HPI index recently confirmed by FNB is at 1.9%. This means that property growth is now 1.9% year on year. What this does for our poor sellers is it sometimes forces a drop in the price at which you can buy a property for. Secondly, this is not good for Sellers because Linden as you know is a fantastic location for schooling. If your littlies are leaving home for Varsity or it’s time to downsize, property values are dropping a little. This is a normal market correction and we will be back to healthier levels. But this normalizing is just that, normal. And prices will start to grow again with time and more certainty on a few levels that we all get. Right now, with normalising house price values, buyers are definitely considering Linden as a sought-after property destination for all the reasons we know.
The Buyer Affordability Short Version
When interest rates rise, and the general cost of living increases above what we are used to, many of us feel the pinch. This works both ways if you are selling or if you are considering a move into the Linden. Affordability affects what a buyer looking to move into Linden can afford. It’s all linked. Also, higher interest rates mean bigger bond repayment amounts. I know how this hurts and what is left when all the bills are paid.
Property Sales Competition in Linden
The short version is that there are quite a few properties on the market in Linden at the moment. In fact, there are currently 138 active listings on P24. Buyers are spoiled for choice more now than in recent months. We all know if you want to live in Linden, you will find a property in Linden. So buyers have the upper hand now when it comes to choice and normalising prices.
Get A Property Valuation In Linden
Getting a property valuation in Linden now means you need a good understanding of the current market and the economics at play. If you have a property in Linden listed at the moment you will have heard “price review” a few times by now, or I hope you have. Sadly, a property that is currently listed at a price that is too high for the current market conditions will in all likelihood not result in a sale. A market-related property valuation in Linden is essential, now more than ever. If you need a fresh pair of legs because you have plans to sell property in Linden, give me a call on 083 550 1220. Click here to see how I market properties for sale in Linden.
Did You Miss What The Benefits Are When You Sell In Linden
If you missed my recent blog about what your benefits are when you sell a property in Linden, click here to read the full article. There are benefits but you need to bide your time, the market will turn. Just not sure of your current situation. What I do know is that if you have plans to move out of Linden, and are already shopping, slow down. If you put in an offer on condition that you sell your property, remember that it is taking longer to sell a property in Linden and most parts of Randburg. It is taking 85 days on average to sell property in certain parts of SA. And the market is the market.
Linden The Suburb – A Property Destination Of Note
As a resident in the neighbouring Robindale area myself, I just love Linden. I love the proximity to major retail outlets. I also love that my travel time to major retail and business areas is cut in half. The schools in Randburg are delightful and we really are spoiled for choice in Linden. I just love it and the residents are wonderful. There are so many reasons to want to live in Linden, it’s just super and I love Linden as a suburb.
Market Correction In Linden
As I said at the start, we are seeing a buyer’s market at play in Linden. This is part of a much bigger market-related property cycle. The prices will recover but for now, we are seeing a very normal market correction at play.
Need To Know What The Cost To Buy in Linden
Give me a call on 083 550 1220 and let’s go through the costs. In short, you need to cover transfer and attorney costs. There is a process though and I will assist you in gaining a complete understanding of your financial commitments when you buy your dream home in Linden. You already know my Sell with Sandy business is powered by KW Select, click here to read more about costs to buy a property in Linden.
Need To Know What The Costs To Sell in Linden Are
Give me a call on 083 550 1220. The costs are pretty standard and I will confirm what’s on your list as a seller versus the costs to buy a property as a buyer. Click here to read more about the costs to sell a property in Linden.
Moving To Linden
If you know of a family that is looking for one of the best suburbs in Linden to live in we should chat. I have access to quite a few properties in the Linden area and also some of the surrounding areas. I would love to chat with them to find out what they are looking for and just know I will be able to assist them. Click here if you have a family member or a friend that is wanting to move to Linden. I will leave the sales ‘spiel’ to you about why Linden, but it is obvious. Linden is the place to live but I think we both know that. View all the dream homes in Linden and the surrounding areas I can assist you with.
Connect Today – Call Sandy On 083 550 1220
Whether you are planning on a move into Linden or if you have plans to move out of Linden, I can assist. Click here and let’s get you started with a market-related property valuation and we will go from there.
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