Accuracy Is Now Essential For A Property Valuation

Secure an accurate property valuation today

In the current market, which is a buyer’s market without a doubt you need a property valuation that is accurate.  KW Select can assist with a property valuation in Johannesburg. We recently posted a sobering article, which pointed to what the property market in SA is doing.

Click here to book your property valuation.

Let me recap if you are in a hurry…..

  • The market is not as strong as it was last year.  For a number of reasons actually but mainly due to our current economic climate (higher interest rate, stretched affordability from buyers, higher debt servicing costs, and increased load-shedding).
  • Properties are taking longer to sell and are noted at 85 days or 12.1 weeks.  This is down from 4% last year.
  • The House Price Index has dropped, showing a 1.9% growth year on year for the current period.  That means prices are falling.  It is also a buyer’s market which means accurate pricing at a property valuation stage is now essential.

If you have a property on the market that is not selling, we know the whys.

But rather than just drop and shed your equity that has built up over time, let us get you a second opinion on the current asking price of your property.  The market is tough at the moment and knowledge is power in the current market knowing exactly how to navigate the current market is absolutely essential.  Click here to book your property valuation.

Properties Are Selling!

But the properties that are selling are the ones that align with what has sold in the last 12 months. Sales are being made for well-priced properties and by that I mean realistically priced properties that align with current market performance.  Click here to book your property valuation.

Here Are Some High-Level Property Reports To Consider

I have provided links to what we call Town reports that cover the major areas where we do work and where we can assist you with a property valuation.

If you need something specific then do let me know on WA or click here and we will get some high-level info through to you.  Better yet, let us schedule and book your property valuation here.  I will ask you for your full name, contact number and email address.  Depending on the level of detail, we can assist.  And if you need to know what your property is worth in the current market we can and will aid you with an accurate property valuation.

What elements and reports do we use when determining an accurate property valuation?

  • How our technology helps us to sell faster than most.
  • What could you consider when choosing a great agent to partner with when selling your property?
  • What is the process of you are ready to sell and you know what a realistic price is for your property?
  • The property mandate.
  • The seller declaration.
  • FICA documents (ID, proof of residence and your SARS Number).
  • The process and the costs to sell and transfer your property.
  • Your agent needs to be mandated to sell your property.  This is done to protect you and your agent and we covered the 5Ps that are covered in most mandates.  Click here to view the article.
  • Your property practitioner will need to know what they are selling.  The property condition report is essential for any property transfer and protects you and your future buyer.
  • An estate agent will list your property after taking great photos.
  • Your estate agent will respond to enquiries from the major property portals and will secure a viewing for our buyers at your convenience.
  • Your estate agent will show your property at least 11 times.  And with the recent feedback from FNB, the average time to sell a property is now sitting at 85 days or 12.1 weeks.
  • Your estate agent will take a buyer’s best 1st offer
  • Your estate agent will present you with all offers.  This means the weight of each offer and any suspension conditions will be discussed with you in detail.
  • If you accept the offer to purchase and the offer the buyer is making on your property it will be submitted to your preferred attorneys.
  • The attorney’s take over the process from there and manage the property transfer with all the external parties that support the property transfer process.

How Long Will it Take To Sell and For the Transfer To Be Concluded?

Recent stats across SA show that it now takes on average 85 days to sell.  This relates to 12.1 weeks in total    This is just to sell a property.

  • A Cash sale should then take around 35 days to transfer.
  • A cash and bond sale and transfer will take around 3 months to transfer after the sale is concluded.

Get in touch today

At KW Select every one of our, over 100 of our KW Select agents is accredited with the PPRA.  And trust me it is a big deal.  If you still have a question feel free to click here and shoot a question through to us – we will be back to you asap.  Here are some commonly asked questions that sellers have, click here. 

Book an accurate property valuation with KW Select today.  Click here to book your property valuation.