Buyers always compare properties and then buy the best one. If your property is over priced, it won't sell. Buyers always buy by comparison and an over priced property will never sell.

When you decided to sell through the Power Property Group, your agent will give you a market valuation according to properties that have recently sold in your area.

Beware of devious agents that give you a high valuation just to get a mandate, and then later work the price down!

Remember:

• What you paid for the property...
• the money you need to buy the next house...
• the money you need to emigrate with...
• what your property was valued for last year...
• the high valuations of other agents...
• what friends / family have to say...

... does not determine the current market value of your property.

Only the current market, the current selling prices in your area, and the current buyers will determine market value for your property.

The final selling price will be when an able and willing buyer puts pen to paper and gives you, the seller, a market related offer, and you accept this market related offer.

How do I determine the price?
What is overpricing?
Should I ask a high price in the beginning, and later come down with the price?
What if I need a certain amount of money when I sell?
I have spent a lot of money on my house, will I get it back?
Should I sell my property with movables?
What must I do before I sell?
Some agents offer me a lower commission.


How do I determine the price?

The price on your property is determined by the selling price of similar properties in the same area. If a property in your area, that is similar to your property, sold for R 800 000, then the value of your property is also R 800 000.

| Back to FAQ |


What is overpricing?

Overpricing is when the price of your property is higher than other properties similar to yours in the same area. This means that your property will not be considered by a buyer when making a decision to buy.

| Back to FAQ |


Should I ask a high price in the beginning, and later come down with the price?

No! The first 5 weeks in the market is the most important time. A new property on the market will attract immediate attention of current buyers looking to buy in your area. If the price is too high, then the buyers will not be interested to buy your property and they will have a negative feeling towards the house. Later when you lower your price they will not be interested or they will think that you struggle to sell your house and will offer a very low price. Agents will also use your house to sell other properties that are priced right.

| Back to FAQ |


What if I need a certain amount of money when I sell?

Buyers buy by comparison. It is of no interest to them how much money you need. A buyer cannot pay for your next house or your trip overseas. The buyer will only pay market value.

| Back to FAQ |


I have spent a lot of money on my house, will I get it back?

Buyers buy by comparison. It is of no interest to them how much money you have spent, or how hard you worked to pay the installments. The buyer will only pay market value.

| Back to FAQ |


Should I sell my property with movables?

No. Buyers are only interested in the property. They have their own dishwashers, washing machines, etc.

| Back to FAQ |


What must I do before I sell?

A buyer's first impression is very important. Paint the house if necessary. Fix all the small things, like toilets not working, leaking taps or broken cupboard doors and windows. Remove all rubbish from the property. Keep the house and garden clean and tidy.

| Back to FAQ |


Some agents offer me a lower commission.

You always get the value you pay for. If you pay peanuts, you employ monkeys.

| Back to FAQ |