Real Estate Services Michelle Bartlett

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08/01/2025

While it is possible to correct the mistake if the home is overpriced, the best strategy is to get the listing price right from the very start.

08/01/2025
01/11/2024

Correctly Pricing Strategy to attract buyers like moths to a flame 🤪
In Pietermaritzburg’s current property market, sellers need to focus on accurate, competitive pricing to attract serious buyers. With high interest rates affecting affordability, properties priced above market value tend to stagnate. Here are key pricing strategies:

1. Market-Driven Pricing: Set a price based on recent sales of similar homes within the neighborhood. This reflects actual buyer willingness and helps avoid overpricing.

2. Price Banding: Choose a price range that maximizes visibility in online searches. For instance, listing just below a key threshold (like R1,495,000 instead of R1,500,000) can widen exposure to buyers using filters.

3. Competitive Edge: To attract attention, consider listing slightly below comparable properties to create a perception of value. This can generate interest and lead to competitive offers.

4. Revisit Pricing Regularly: If your home doesn’t get traction within 30 days, reassess pricing. The market is fluid, and timely adjustments can prevent your listing from becoming stale.

Correct pricing increases buyer interest, reduces time on the market, and maximizes sale opportunities in a challenging market environment.

01/11/2024
To all our clients celebrating ...Happy Diwali, love and light🎉
31/10/2024

To all our clients celebrating ...Happy Diwali, love and light🎉

Address

27 Hillside Road Prestbury
Pietermaritzburg
3201

Telephone

+27767113815

Website

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