Sell a property in a buyer’s market

sell a property

If you are wondering how to sell a property in a buyer’s market, you have come to the right place. 

Firstly, let’s consider what a buyer’s market is

Read the full article about the current SA property market trends, according to FNB.  Secondly what advice can we give you if you have plans to sell a property at the moment?

Here is some strategic advice and some key steps to consider:

  1. Price it Right: Research the current market conditions and set a competitive price. Be realistic and open to negotiation.
  2. Curb Appeal: Ensure your property looks its best. Clean, declutter, and consider minor improvements or staging to make it more attractive.
  3. Marketing: Partner with an estate agent who is well-known in your area.  And, invest in a robust marketing strategy. High-quality photos, and online listings.  Professional descriptions are critical.
  4. Flexibility: Be flexible with showings and negotiations. Buyers may have more options, so accommodating their schedules and preferences can be beneficial.
  5. Repairs and Maintenance: Address any necessary repairs or maintenance issues before listing. A well-maintained property is more likely to attract buyers.
  6. Highlight Key Features: Emphasise unique or valuable features of your property. Especially alternative energy or water supply.  Recent upgrades, etc.  What will set your property apart from others on the market?
  7. Work with a KW Select estate agent who has a strong footprint in your area:  Consider working with a real estate agent who understands the local market. KW Select can provide valuable insights and negotiation skills in your local market and also the SA property market at large.
  8. Negotiation:  Be open to reasonable offers and negotiate in good faith. Buyers in a buyer’s market often have more leverage. 
  9. Patience: Understand that it may take longer to sell your property in a buyer’s market. Click here because it is taking 85 days on average to sell a property at the moment.  Be patient and prepared for a potentially extended selling period. 
  10. Contingencies: Be prepared for contingencies, such as home inspections and financing issues, and work through them cooperatively.

Remember that even in a buyer’s market, well-prepared and competitively priced properties are still selling.  There is a greater supply than there is demand at the moment though.  KW Select will sell your property in any given market, and our advanced technology solutions make KW Select your No 1 partner in real estate.  Good luck and let us know if you need some help.

Here are some links to get you started:

Or Call us on 064 549 3123