THESE ARE THE FACTS
|Erf||Street||St||Sales Date||Registration Date||Price||Buyer||Seller||Detail|
|1196||2018/01/11||2018/08/29||R 40 000 000||NALEDI MALL PTY LTD||STEINBROMAT PTY LTD||Commercial|
|65||Chalmers ROAD||1||2017/10/16||2018/06/26||R 3 350 000||DOUBLE FOUR PROP PTY LTD||IOANNIDES GEORGIOS||Guesthouse|
|206||Ferndale ROAD||13||2018/02/20||2018/05/15||R 3 150 000||EDEN EQUITY TRUST||FERNDALE ROAD TRUST||Guesthouse|
|241||La Roche DRIVE||12||2017/09/23||2017/12/15||R 2 800 000||LL TRUST||LINDSAY SAMPSON TRUST||Guesthouse|
|199||Marshall ROAD||20||2017/08/17||2017/11/13||R 4 000 000||CLARKE CANDY LYNN||MERWE THYS GARETH VAN DER|
|67||Chalmers ROAD||5||2017/06/25||2017/10/30||R 3 000 000||HEATH JOHAN STEYN||SMITH BRIAN RICHARD||Guesthouse|
|1315||Chalmers ROAD||1315||2017/08/03||2017/10/03||R 3 900 000||CONTE FRANCESCO||FORSTER COLIN WILLIAM||Newly built home|
|1199||2017/03/03||2017/07/21||R 48 136 758||MERWAY FIFTH INV PTY LTD||SUN 1 HOTELS PTY LTD||Commercial|
|1199||2017/02/27||2017/07/21||R 10 739 154||SUN 1 HOTELS PTY LTD||PORT ELIZABETH HOTEL TRUST||Commercial|
|133||Aberdour CRESCENT||9||2017/01/19||2017/03/13||R 3 100 000||BARWOOD NEIL ROBERT||HAMLETT ERIC MARTIN||Guesthouse|
|60||Driftsands DRIVE||24||2016/11/28||2017/02/17||R 4 400 000||LA MER GUESTHOUSE PTY LTD||LA MER LODGE C C||Guesthouse entity change|
|1073||Marshall ROAD||38||2016/09/09||2016/11/09||R 3 800 000||JARVIS JULIET KARENA||P A A TRUST|
|186||La Roche DRIVE||9||2016/06/21||2016/10/13||R 3 100 000||SHAHEDA MOOSAJEE TRUST||SCHELLINK JAN JONATHAN|
|0 Residential houses transferred in 2018 in Humewood|
|2 Residential houses transferred in 2017 in Humewood|
|2 Residential houses transferred in Oct - Dec 16 in Humewood|
|Source: Lightstone transfers reports|
WHAT IS MARKET VALUE?
A seller can only ever expect an agent to achieve MARKET VALUE for their Property. Market value is the price a willing and able buyer will pay to a seller at any given point in time, in a free and open market.
Buyers buy by comparison. They will view many properties (sometimes as much as 14 plus) before making their decision. Buyers are well informed about prices, value for money and make comparisons between the different properties before making their decision.
BANK VALUATORS MUST STILL FIND VALUE FOR A BONDABLE SALE TO SUCCEED
Most buyers will need bond finance for their purchase. Part of this process involves the bank sending out qualified valuators to the property, to advise if the property is worth the price being accepted by the seller. Should they not find value, the bond will not be granted and the sale will not proceed.
Bear in mind that for a buyer to qualify for a R3million bond, they would need to earn in excess of R90 000! The average household income range in Humewood is between R35 000 – R45 000 (source: Lightstone)
PLEASE CONSIDER THE FOLLOWING IF YOUR PROPERTY IS CURRENTLY ON THE MARKET AND IS NOT SELLING
COMMON MISTAKES SELLERS MAKE
Has your Agent over-inflated the price of your property and lowered their commission just to get the Mandate?
WIthout a doubt, this will cost you more in the end?
If you need to sell and would like an honest, facts-based, market-related valuation, call the Beachfront specialists on 041 583 4034 / 072 245 6037.