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South Africa Property Market: Sellers Need to Adjust to New Realities

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Real Estate Nouvelles

Property Market,Sellers,Buyers

The South African property market is facing challenges with declining demand and affordability issues for buyers. Properties are taking longer to sell, requiring sellers to adapt to the current market conditions. Seeff Property Group agents advise sellers to set realistic prices, avoid overcapitalizing on renovations, and choose the right time to sell.

The property market has become increasingly challenging for sellers, with demand declining and buyers facing affordability challenges. Properties now take longer to sell.

While this may sound easy, it is not always the case, especially when the market takes a downturn, as we are now seeing. Seeff’s agents said there was now increasingly a mismatch between what buyers wanted to pay and what the seller wanted for the property. Seeff’s agents highlighted vital considerations for sellers to achieve a quick sale and the best possible price.

Do not try and sell it yourself. Estate agents still conclude more than 95% of all property sales in SA and get the best prices. It may be tempting to think you could make more money, but there is limited evidence of success.

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