Landscape profits
 

As a property owner, determining where your property fits into the sales landscape can occasionally morph into an intimidating puzzle. The real estate market is dynamic, shadowed by an array of factors such as location, market trends, and property characteristics. Decoding these elements can aid you in understanding your property’s position and pricing it accurately.

Let’s delve deeper into the core components that make up the property sales landscape.

Real Estate Market Trends

Real estate trends extensively influence the property sales landscape. They help inform buyers and sellers about the current market conditions and what to expect in the near future. Investigating market trends can determine whether it’s a buyer’s or seller’s market, allowing you to strategize your sale smartly.

Three main indicators to watch out for are: 

  • average selling price
  • the number of sales
  • the average time on the market. 

An increase in sale prices and volume, along with a decreased average time on the market, often point towards a seller’s market. If you are interested to know how much your property is worth here are 5 valuation types to help you determine it.

Location and Community

‘Location, location, location’ is undeniably the real estate mantra. Your property’s value ties significantly to its location, including proximity to:

  • Amenities 
  • Quality of schools
  • Community features, among other things. 

Neighborhoods with a higher quality of life will generally have properties with higher valuation.

The Age Condition of the Property

The age and condition of your property greatly impact its position in the sales landscape. Buyers typically prefer properties that demand less renovation or upgrades. Keeping your property well-maintained and renovating periodically can keep your property competitive in the sales landscape.

Unique Features and Upgrades

Unique features such as a landscaped garden, swimming pool, renovated kitchen, energy-efficient systems, or smart home technology can boost your property’s position in the sales market. These striking elements not only enhance the visual appeal but also increase the functionality, setting your property apart from others.

Professional Property Appraisal

A key step in determining your property’s position in the sales landscape is having it professionally appraised. A certified appraiser evaluates your home based on the aforementioned factors, and others, to give a fair market value. If you are interested to know how much your property is worth here are 5 valuation types to help you determine it.

Tracking the Market Pulse 

To keep a pulse on the property sales landscape, consider subscribing to real estate newsletters, magazines, and market analyses. Participate in local real estate forums or engage a real estate agent who is well-versed and active in your community. The more informed you are, the higher your chances of determining where your property fits in the sales landscape and selling it successfully. If you are interested in investing here are 10 tips for investing in property.

Knowing where your property fits in the sales landscape isn’t a direct path, but understanding these key factors is a good starting point. Your property’s value doesn’t solely depend on its features, but also on how well you navigate the real estate sales landscape.

At MMR Property are here to assist. Our team of efficient real estate professionals have unrivaled knowledge of the current South African property landscape to pinpoint where your property fits.

Leave a Reply

Your email address will not be published. Required fields are marked *

ARE YOU INTERESTED?

Its time to discover your investment potential

Where to find us

Motivation can take you far, but it can take you even further if you first find your vision. Your vision will motivate and guide you on

Operating hours:

Mon-Friday 8am to 5pm; Saturdays 9am to 2pm; Sunday’s 3pm to 5pm

ADDRESS:

Sales Office:
Unit 3 Bellfour Office Park, Cnr Edmar & Rodger Str, Bellville, 7600

Phone:

+27 (0)21 979 3918

CONTACT AGENT

Jason Green

SALES CONTACT FOR GLENWOOD

Clorinda Venter

Sales Contact for Thatchfield

ENQUIRE

    ©MMR PROPERTY DEVELOPERS. ALL RIGHTS RESERVED.

    Submit Details to Download

      Submit Details to Download

        Submit Details to Download

          Submit Details to Download

            Schedule A Visit

            Enter your details below and one of our agents will get back to you soon!

              Submit Details to Download

                Submit Details to Download

                  Submit Details to Download

                    Submit Details to Download

                      Submit Details to Download

                        Submit Details to Download

                          Submit Details to Download

                            Submit Details to Download

                              Submit Details to Download

                                Submit Details to Download

                                  Submit Details to Download

                                    Submit Details to Download

                                      Submit Details to Download

                                        Submit Details to Download

                                          Submit Details to Download

                                            Submit Details to Download

                                              Submit Details to Download

                                                We go beyond the sale

                                                Enter your details below and we’ll keep you informed about our latest developments

                                                  We go beyond the sale

                                                  Enter your name, email and contact number below and we’ll keep you informed about the latest property developments.