When an owner tells an estate agent, “I’m thinking of selling,” the easiest response is:
That question matters because selling a property is not the objective. It is one possible way of achieving an objective.
Perhaps you are relocating. Perhaps your bond has become uncomfortable. Perhaps you inherited the property. Maybe you no longer want to be a landlord. Or perhaps you are simply moving house and assumed that selling must automatically come next.
Sell, rent or wait?
We would rather compare the options first than automatically turn every conversation into a listing.
Sell
Selling may make sense if you need capital, want to reduce debt, are permanently relocating or simply no longer want the responsibility of owning the property.
Rent
If the property has realistic tenant demand and the numbers remain workable after costs, keeping it as a rental may deserve serious consideration.
Wait
Sometimes there is simply no benefit in forcing an immediate decision. Preparation, timing or a change in circumstances may improve your position.
Start with what the property is realistically worth
Owners often begin with the question: “How much can I get for my property?”
That is important — but it is not the whole decision.
A realistic sales price assessment gives you one number. You then need to compare that against your remaining bond, selling costs, the property's likely rental income and what you intend doing with the capital after the sale.
That is exactly why we created the A+ Property Decision Score™ .
It helps an owner compare the practical reasons for selling, renting, keeping or waiting rather than assuming that one answer fits everybody.
“I’m moving out” does not always mean “I must sell.”
A property that can attract a suitable tenant at a realistic rental may still have a useful role to play in your longer-term plans.
But rental income must be considered properly. A R10,000 monthly rental does not mean R10,000 monthly profit.
You may still have a bond, rates, levies, insurance, maintenance, vacancy periods and management costs.
Explore Landlord ServicesWhen might we tell you not to rush?
There is no automatic formula, but these are situations where we would want to understand more before recommending an immediate sale.
If fear is driving the decision, you may also want to read: Don’t Sell Your House Because You’re Panicking .
But sometimes selling is absolutely the right move
We are not anti-selling. Selling property is a major part of what A+ Properties does.
The difference is that we want the sale to make sense for the owner.
Selling can be entirely sensible when you want to release equity, permanently relocate, reduce debt, simplify your affairs, move to a more suitable home or put the capital to better use elsewhere.
Read our guide: When Selling Your Property Makes Sense .
We would rather lose a listing than give advice we do not believe.
If selling makes sense, we will help you sell properly. If renting deserves consideration, we will say so. If waiting appears sensible, we are comfortable telling you that too.
What do we look at before giving an opinion?
Our role is to help you understand the property side of the decision clearly enough to make a better-informed choice.
- the property's likely selling price;
- recent comparable sales and competing listings;
- realistic rental potential;
- your outstanding bond and monthly ownership costs;
- whether you actually need capital immediately;
- maintenance and vacancy risk;
- whether you want the responsibilities of being a landlord;
- your likely time horizon; and
- what you actually need the property to achieve for you.
If you want to compare selling and renting in more detail, read: Should You Sell or Rent Your Property in Boksburg? 7 Questions Every Homeowner Should Ask First .
Continue the decision
What Is Your Property Really Worth?
Understand where the property sits in the market before deciding what to do.
Should You Sell or Rent?
Seven practical questions every homeowner should consider first.
How to Get the Best Possible Price
Once selling is the right choice, build the strategy around achieving the strongest result.
You do not need to decide before you talk to us.
Tell us what you own, what you are considering and what you are trying to achieve. We can look at the likely sales position, realistic rental potential and the practical alternatives before you choose a direction.
