When to sell property key decision

Sellers often ask when it will be the best time to sell and the answer depends on why they want to sell.

If they’re selling because they’re relocating or wanting to downsize, then it’s always a good time to sell – with the caveat that they need to sell and buy within a short space of time.

It’s best not to wait too long as the market can change in six months, and house prices could increase beyond the scope of what the seller originally bargained on when negotiating their own sale’s price.

If however a seller wants to sell a property in order to invest the proceeds off-shore, for example, it would naturally make sense to keep a closer eye on the rand, the economy and the property market so as to sell at a time when property is in high demand.

How to price a property to sell

When it comes to pricing a property correctly it’s important to know its worth. A property is ultimately only worth what a willing buyer is prepared to pay and buyers are more informed and educated than they’ve ever been; due to the wealth of data available on property portals.