The immediate and obvious benefit of selling your own property is that you will save thousands of Rands on payment of Agent’s commission. If you have a property for sale and are planning on selling it on your own without the help of an Agent or Middle Man it is not as difficult as many believe it is. There are Sites that give you the option to photograph your own property and advertise it directly on the Internet, all at virtually no cost!
If you are planning to put up your property for sale you should bear in mind that it is not necessary to enlist the services of an Estate Agent to determine the value of your property. There are resources available that enable homeowners to do this for themselves.
The Deeds office captures property transfer history that will assist homeowners to evaluate their properties in line with market related averages. It should be noted, however, that the Deeds office does not record all features relating to a home such as the number of bedrooms or bathrooms, instead it is just about the erven (lot) which includes the stand size, portion, township, etc. From this info one will be able to compare prices by the size of the erven (lot) and proximity to other recently transferred properties. 소액결제현금화
Sold Price Index (SPI) reports that are based on Deeds office records provide information on properties that have already been sold. They also do not include a breakdown of a home’s features, but are useful in determining how much properties in a certain suburb, street or complex have recently been sold for. There are some companies that provide statistical reports, etc based on Deeds office information and other records for which they usually charge a nominal fee.
In South Africa home owners or sellers can also utilise the various online tools available. There are companies that provide Deeds office data and Sold Price Index (SPI) reports that allow homeowners to register and provided you supply your ID number you can draw a Home Valuation Estimate free of charge.
Homeowners would have to match this information with their own knowledge of the area and research done on similar properties that are currently on the market i.e. compare attributes that your property has to others on the market.
It should be noted that it is easier to determine the value of a sectional title home than it is to value a full title home. It is not too difficult to get hold of sectional title plans with the various unit sizes, etc and then comparing the units. Full title homes on the other hand are more complicated to value because the individual features they have may influence the selling price.
With changing market conditions homeowners should be aware that it is crucial to become more knowledgeable of the property market and trends in their local area. Look through the ‘houses for sale’ sections of newspapers and magazines and surf property related websites for more insight. You should also visit show houses in your area to gauge how your home compares. By using both deeds office information and by comparing characteristics you know of from homes in your area you should be able to fairly safely determine the price range that your property should sell for.
For a nominal fee homeowners or sellers can request online information on property transfers, Computer Assisted Valuations and Suburb trends. Valuation products are similar to what Estate Agents utilise, i.e. the CMA (Comparative Market Analysis) which includes the home’s physical attributes and sales history.
As a back-up to your own findings you could also try asking a reputable local Estate Agent to assist you with a valuation. You should be able to openly explain to a good Agent that you wish to try selling your own property but would like to have their opinion based on a Comparative Market Analysis for your area. They will usually be happy to assist you and show you records from which you can form a good opinion provided you bear them in mind if you are unable to sell your own property.