While the best time to sell ultimately depends on the circumstances of the seller, statistics have indicated that certain times of the year prove more lucrative to sellers, Cape {town} Etc reports.
While the best time to sell ultimately depends on the circumstances of the seller, statistics have indicated that certain times of the year prove more lucrative to sellers,According to the Seeff Property Group, summer months guarantee the most success when it comes to selling property in South Africa.Expected interest rate cuts and warmer temperatures indicate that the upcoming summer months will be a good time to sell.
In the summer, affluent individuals also tend to focus more on investing in their holiday homes as opposed to paying for expensive hotel vacations. The warmer seasons however also result in increased competition for sellers, as property listings increase in this time. This results in properties taking a longer time to sell, as they spend an average of 12 weeks on the market. This is 2 more weeks than at the beginning of the year.
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