Planning to sell property then time it right when you sell property in Randburg. If you are wondering how timing influences a property market now is a good time to have a closer look at this topic. Firstly, if you have had your property on the market for 3 – 6 months now, given FNB’s insights into the current property market, the House Price Index or HPI has moved down to 1.9%. Last year house price growth was at 4%. So, if you want last year’s prices, chances are in the current market you will not get them.
Property cycles when you sell property in Randburg
Property cycles change. Our economy changes. Costs go up. Rates and Taxes go up. Interest rates have gone up. All these factors work together to create the current property market cycle we find ourselves in. Property trends change as well as demand and supply in an area for a number of reasons.
Property mandate periods when you sell property in Randburg
It is not uncommon, knowing what we know about how long it will take to sell a property to hedge for this timing factor. I always recommend a 3 – 6-month mandate to ensure you get the best estate agent in your local area, with buyers to help you market and sell your property.
It takes an average of 85 days to sell a property
In the current market with quite a bit of uncertainty around what will happen next in SA, it is taking an average of 85 days to sell a property. Quite a bit longer than last year and still shorter than 91 days a few years back.
Sell first then buy
If now really is the time to sell your property, let’s get your house sold before you buy your next property. Chances are if the property that you want to sell takes longer to sell your other sale is at risk. We would hate for that to happen especially if you are ready but the market is a little slower than last year or the year before. Click here to schedule your property valuation.
Timing it right when you 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 according to the FNB Property Barometer from June 2023. Call 083 550 1220 for all your residential real estate needs.