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Is now still a good time to sell property?

Is now still a good time to sell property?

Author: Pranil Maharaj
Date: 2016-10-28
Despite our volatile political landscape and the uncertainty of the rand, investors are still present and keen to buy property.

Investors are seeing the value in placing their money in bricks and mortar in areas with a rising market, which may be seen as a more stable investment than putting money offshore or into other asset classes.

Generally speaking, property is a several-year long investment, and the amount of interest we are seeing from buyers indicates that this medium- to long-term asset is an appealing and viable option, despite any macro-economic uncertainty.

There are still opportunities for good returns on investment, be it selling in a few years for a profit, or in the form of enjoying a passive income when renting property out.

The Consumer Protection Act insists on full disclosure of all latent and patent defects, yet using an inexperienced agent could expose you as an ill-informed seller to costly litigation and the cancellation of the sale.

Because of these factors we always advise sellers that an exclusive mandate is the best route to take. This tried-and-tested method is the way most property inSouth Africais successfully sold.