Firstly, let’s be clear the Randburg property market is tough. However, there are benefits to selling a property in the current property market.
Firstly, let’s look at what is going on in the market?
- It takes a little more than 3 months on average to sell a property according to FNB. In the current market though I have seen a property sold on a first viewing for Cash. There are buyers looking for homes in the current market.
- The interest rates are high but we expect the interest rate will come down in the months to come. While buyer affordability is severely pinched, especially in the first-time home buyer market, buyers are looking for their dream home.
Why is this a good time to list a property for sale?
- Firstly, there are fewer buyers on the market. So, it’s not insane when it comes to arranging viewings. I estimate on many listings 1 viewing every 2 weeks is tops but that depends on the quality of your home, the supply in the area and the price point.
- Secondly, the service from your estate agent should be top-notch. Communication and stats should be changing hands weekly even if there is nothing fantastic to report. Now is when the rubber hits the road and relationships are made or broken.
- What about the property prices though? Well, we all know the news that is making the rounds. The House Price Index or HPI is not rebounding and we don’t expect it to rebound this year. Certainly, if you have a home to sell the numbers for sales of properties that are the same or similar in the area don’t lie. If you have plans to sell and are happy to consider a reasonable market-related price, then now really is a good time to sell.
- Energy levels are high. And, yes, certainly in the current market. We all have a little more time given the lower than usual response or enquiry levels. And good service means more attention to detail.
- 100% on track. This means that when an offer is made there is certainly more time to cross the t’s and dot the I’s which is hard when the market is pumping at full steam. Everything from a pre-approval or a pre-qualification to the quality of the communication between all parties, all aspects of property sales and transfer most certainly assure better service and attention to detail.
Need to get in touch?
If you do have plans to sell or you need a fresh approach to your property sale, give Sandy from Sell with Sandy a ring on 083 550 1220. As a seasoned property professional, my ability to leverage top technology in the Randburg real estate space ensures that I am able to leverage my buyers that I know are looking for their dream home. I know exactly what they are looking for and why.
Need a take-2 on your Randburg property sale?
Give me a call and let’s really unpack the numbers to see what the market will pay for your property in any given market. Keep me posted, I would love to hear from you. Visit my website for more information.