Weighing in on what the current market represents for potential sellers, Monique Jordaan, a digital marketing campaign strategist at Greeff Christie's City Bowl, Atlantic & Western Seaboard says that, "timing in property plays a significant role in achieving a top price for your asset in any marketplace. Given that this new 2020 wave of purchasers have started to clear out a substantial amount of old inventory in the ZAR 500,000 to ZAR 5,000,000 segment, supply and demand is slowly starting to rebalance with potential to lean more on the side of demand which is an exciting prospect for homeowners looking to achieve a top price for their property assets. The recent decision by the SA Reserve Bank to cut the repo rate by 25 basis points will further bolster already decent market conditions by increasing purchase power of buyers in the market"
"Given the above, if you have been contemplating the idea of selling your property in the short to medium term, all data available suggests that there is currently an opportune window in the market to achieve a top price while selling conditions are still amongst the most favorable we have seen in a long time."
Should you wish to speak with one of our area specialist brokers about selling your property or simply require an updated appraisal, please click on here.