Property For Sale
How to Determine the List Price of Property for Sale
There are a lot of issues that can come up when determining the list price of property for sale in Sandton, South Africa.
Online estimates and virtual appraisals will have limitations. These estimates are usually very limited and generalized and use mathematical algorithms based on public data. There is likely data missing, such as the local nuances that can only be applied by local neighborhood experts.
The market will determine the price. Even if the property for sale is priced in a comparable range to others in the market, it doesn’t mean that the property is properly priced for the area. The real evidence is what previous recently sold properties have gone for and not the properties that are currently listed. Buyers will determine what a property is worth. If the property is priced at a certain amount and there isn’t an offer from a buyer then the property isn’t worth that amount in the current market.