What is an accurate property valuation for the current market? If you are wondering what accurate pricing is when selling a property at the moment you have come to the right place. The biggest decision you can make in the current market is to price your property correctly.
Current Randburg Property Market Trends
In Randburg and most of SA, we are experiencing first-hand what a buyer’s market is at the moment. FNB’s market-related trends. It’s a normal process where prices level out. Levelling prices means prices are dropping. In the current market, buyers have the upper hand and often house prices grow too fast. This is a normal price correction.
Get an Accurate Property Valuation
Pricing a property correctly is the process to arrive at an accurate price for a property is based on what your estate agent knows about an area. This is linked to an understanding of what buyers know about the property market and also what they are looking for and what they will be willing to pay for your Randburg property.
An Accurate Property Valuation Drives Your Property Sale
The asking price is your most important decision when you decide to sell a property. The price at which you list your property for sale in the current market will determine the traction you get from buyers looking to move into the area. Traction means that buyers see your property online through major property portals like Private Property and Property24. Traction also means buyers enquire about a property which then leads to a viewing. Viewings lead to offers and offers lead to concluded property sales.
The Sales Price
This is the price that the buyer makes on the OTP or offer to purchase to buy your property. This should also be a price the buyer qualifies for to ensure a strong start to the property sales process.
Comparative Market Analysis or CMA
This is a process that a seasoned estate agent will use to appraise the value of your property. We use the latest property reports for your property, the complex if applicable and also the most recent suburb report. Largely these reports show the values that buyers have paid for properties that are similar to yours.
Knowledge When Pricing A Property
A seasoned estate agent will view your property for the first time and compare your property in terms of the general condition of the property as well as the quality of your fixtures and fittings. Has the home been renovated over the years? And how will your property compete with other properties in the area? I also know and understand the numbers we consider when pricing a property are the numbers.
Buy or Sell a Property in Randburg?
KW Select powers my real estate agent business in Randburg with advanced technology solutions to support a successful residential property sale. Keller Williams is the largest real estate franchise in the world. Whether you are buying a property in Randburg, or Selling a property in Randburg we can and will assist. Get all the latest residential property trends in Randburg. Accurate pricing is key. We also cover all the different property mandates. We know what it will cost you to sell a property in Randburg. We also know the costs you will need to consider when buying a property in Randburg. Get an accurate and market-related property valuation for your property and let’s make sure we sell it in under 85 days which is the current average in SA according to FNB. Call 083 550 1220 for all your residential real estate needs.