select
|

Spring and summer are ideal times to sell homes

“Although it is one of the most hackneyed and often repeated piece of wisdom that residential estate agencies communicate to their public, it nevertheless remains true that spring and early summer are ideal times to sell a home,” says Bill Rawson, Chairman of the Rawson Property Group.

“By that stage of the year,” says Rawson, “not only is the weather good but the long evenings make it easier for people to get out and look at homes and to meet estate agents. Then, too, many people will by then know whether they are to be transferred at the end of the year or if they are in line for earning more. It is also the period in which parents start looking for new schools for their children and it is an excellent time to present one’s garden and home in the best possible way.”

This last point, says Rawson, is exceptionally important and sellers cannot be reminded too often that every rand spent on smartening their home will be a good investment. Such initiatives as replanting the garden to give it more colour, upgrading and cleaning the swimming pool and, inside the house, cleaning all carpets, curtains and tiles can and do make a huge difference to visitors’ impressions. Above all, says Rawson, see that the approach to the home is looking good because this is the first thing that prospective buyers will see and it may well set the tone.

Anyone selling a home at the moment, added Rawson, should be looking back on a fairly lengthy period in which they have been able to achieve above inflation growth on their home’s value and they are therefore in a position to make a significant profit. The latest (November) Absa home loan indices report shows that despite a slowdown in price growth this year, medium and large sized homes have seen more or a less consistent growth path since early 2012 and on an annualised basis are now respectively showing 7 and 8% nominal growth increases. Average prices in these two categories are now R1,173,000 and R1,818,000 respectively.

“When you compare these prices to those of a decade ago,” says Rawson, “the old message is reinforced — investing in a home for their family to live in is the wisest move a family can make.”


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK