Moving to a new home can be the most exciting time in your life. Whether you’re doing it to be closer to your family, or because of a change of work, or you’re simply taking the opportunity to move into that dream home in an area where you’ve always wanted to live, it is bound to be an adventure!
Unfortunately, there is one thing that you’ll need to do before you can move into your new property, and that is to sell your old one. Increasing numbers of people across South Africa are finding out that can be more difficult than you might expect. Figures show that the average time for a home to stay on the market is around four months, but many take much longer to sell.
Here are three common home selling problems, and how to overcome them.
1. Understanding Location
Selling your house quickly can seem like walking a tightrope. If the asking price is too high, you could be waiting interminably for a sale. On the other hand, nobody wants to sell their house for less than what they believe is the right price.
It pays to understand the value of different residential areas. The South African property market can vary greatly depending on locale, so look at the average price of homes sold in your specific area before settling on your asking price. Alternatively, contact property experts such as HomeFair for input. Their wealth of experience will help you make the right pricing decisions.
2. Getting Your Property Noticed
New buildings are springing up across South Africa. In the first three quarters of 2014, there was an increase in residential building approvals of over 13%. That means that there is increasing competition for those looking to sell their property.
What’s the solution? Put simply, the modern housing market needs a modern selling solution. By listing and selling your house online, you greatly increase the audience. Potential buyers will be able to view your property online rather before visiting it in person. Convenience is the first step.
3. Cut Down On Your Property Selling Costs
Finances play a big part in buying and selling a property. Some buyers are hesitant when selling their home because of the high fees that are involved. If you’ve been thinking about selling your property through a traditional estate agent, then you may have been deterred not only by the thought of how long it can take but also by just how much you have to pay in the form of commission.
By cutting out the middleman and contacting HomeFair, you can also cut out those unwieldy fees. In fact, you will pay just 2% commission, and the process of selling your property can be quicker and easier than you dared imagine.