Expert tips for buyers and sellers

2025 is well on its way and is a popular time to buy and sell property as the South African real estate market offers exciting opportunities to do both.

READ: Top tips for buying your first home

David Jacobs, National Sales Manager for the Rawson Property Group, shares his expert advice to help you navigate the market effectively in 2025.

Understand the market before you act

Whether you’re buying or selling, Jacobs says the first step is understanding the current real estate landscape. Research your local market to identify average prices, demand trends, and stock availability, and don’t be afraid to mine your local real estate agents for on-the-ground insights and advice.

“For buyers, knowing the market helps you identify where the best value lies,” Jacobs explains. “Sellers, on the other hand, need to know how their property stacks up against similar homes to set a competitive asking price.”

Key factors like local infrastructure, school quality, and connectivity (such as fibre internet availability) can influence property desirability and pricing. 

READ: Selling: How to attract buyers for your home in 2025

Tips for Buyers

Set a Realistic Budget

Jacobs cautions against stretching beyond your means. “Establish a clear budget and stick to it,” he advises. Buyers should also account for additional costs like bond registration, transfer duties, and ongoing maintenance. 

Get Pre-Approved for a Mortgage

Pre-approval is a must for buyers in today’s competitive market. “Pre-approval not only shows sellers that you’re serious, but it also gives you a clear idea of what you can afford,” Jacobs says. “This will save you time and prevent disappointments during the buying process.”

Know What You Want

Having a clear idea of your priorities – whether it’s proximity to work, schools, or specific features like energy efficiency – will help narrow your options and make the decision-making process smoother.

Partner with a Trusted Agent

 “Working with a qualified real estate agent is invaluable,” Jacobs emphasises. “They know the market inside out and can guide you through negotiations, contracts, and the finer details of a transaction.”

READ | Looking for a home that ticks all your boxes? Try Property24 Alerts

Tips for Sellers

Prepare Your Property for Sale

First impressions matter. “Start by decluttering and deep cleaning your home,” Jacobs recommends. “Small upgrades like a fresh coat of paint or fixing minor repairs can make a big difference.”

Set a Realistic Price

Pricing your property correctly is crucial. An overpriced home can linger on the market, while under-pricing could leave money on the table. “Your agent can provide a comparative market analysis to ensure your price aligns with local trends,” Jacobs explains.

Stage Your Home

Staging can highlight your property’s best features and help potential buyers envision themselves living there. “Simple touches like neutral décor, good lighting, and a welcoming atmosphere can create a lasting impression,” Jacobs suggests.

READ: The role of property agents in effective home staging

Claude McKirby, Co-Principle for Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburbs and False Bay, in a recent article shared some of the most important do’s and don’ts to guide homeowners, here is a look at those tips: 

Do’s of Home Staging

  1. Declutter and Depersonalise: Remove personal items, family photos, and excessive decorations. This helps potential buyers envision their own belongings in the space. Less clutter makes rooms appear larger and more inviting.
  2. Clean Thoroughly: A spotless home suggests that the property has been well-maintained. Pay attention to details, such as cleaning windows, carpets, and even the inside of appliances like ovens.
  3. Neutralise Colour Schemes: If you are going to give the place a fresh coat of paint, use neutral colours for walls and remove any décor that is too bold or quirky. While bold colours may appeal to some, neutral tones have a broader appeal and create a blank canvas for buyers’ imaginations.
  4. Highlight Key Features: Draw attention to the property’s best features, such as a fireplace, large windows, or hardwood floors. Use furniture and décor to frame and highlight these elements even if it means moving around some items to better highlight these features
  5. Improve Kerb Appeal: The exterior of your home is the first thing buyers see. Ensure the lawn is mowed, hedges are trimmed, and the entrance is welcoming. Consider adding a fresh coat of paint to the front door and planting flowers or even placing attractive pot plants next to the entrance.
  6. Create a Cohesive Style: If you are going to bring in furniture or décor to fill up empty spaces and improve the overall effect or semi-furnish an empty property, choose a consistent style for furniture and décor that complements the home’s architecture. This creates a harmonious look that is pleasing to the eye.
  7. Light It Up: Ensure all rooms are well-lit. Open curtains and blinds to let in natural light and also use lamps and light fixtures to brighten darker areas. Good lighting makes spaces feel larger and more inviting.

Read: First-time homebuyers’ fears – how to overcome them

Be Open to Negotiation

Jacobs advises sellers to approach offers with an open mind. “The best deal isn’t always the highest price – it’s the one that aligns with your timeline and terms,” he says.

“The property market is dynamic, and those who do their homework and act strategically will always come out ahead,” he says. “Whether you’re buying or selling, the key is preparation and partnering with professionals who understand the market.” The road to a successful property transaction starts with the right strategy. Follow these tips, and you’ll be well-equipped to make informed decisions that lead to long-term success.

How to build equity in your property faster

As a homeowner in South Africa, building equity in your property is not only a smart financial move but also essential for long-term wealth. Whether you’re looking to upgrade your home or improve its resale value, there are several effective strategies to boost your equity quickly.

SEE | Property24 101 – Buyer and Seller specific advice 

Quay 1 International Realty, shares the following strategies. 

Make Extra Mortgage Payments: One of the most straightforward ways to build equity faster is by making extra payments toward your mortgage. Even small additional contributions can make a big difference in reducing your outstanding loan balance, which in turn increases your equity. Consider making an extra payment every year or paying more than the minimum each month to knock down the principal balance more quickly.

Refinance Your Mortgage: With the fluctuating interest rates in South Africa, refinancing could be a great option if rates are lower than when you originally bought your home. A lower interest rate could reduce your monthly payments, allowing you to pay off the principal faster. If you’re financially stable, consider refinancing to a shorter loan term, like a 15-year mortgage, to build equity at an even quicker pace.

Enhance Your Home’s Value with Localised Improvements: Investing in home improvements that resonate with the local market can significantly increase your home’s value. In the Western Cape, homes with energy-efficient upgrades are particularly appealing, given the region’s focus on sustainability. Installing solar panels, adding water-wise landscaping, or upgrading insulation can not only lower your utility bills but also boost your property’s A fresh coat of paint, especially in the trendy tones popular in Cape Town, can also add instant curb appeal.

Take Advantage of Rising Property Values: The Western Cape has seen steady property value increases in certain areas, especially those near the coast or in up-and-coming neighbourhoods. Keeping an eye on market trends can help you make informed decisions about when to refinance or In growing areas, the mere passage of time can contribute to natural appreciation, increasing your home equity without much effort.

Rent Out Space or Consider Short-Term Lets: With the booming tourism sector in Cape Town, renting out part of your home as a short-term let or even a long-term rental can generate extra income. 

By employing a mix of these strategies—making extra payments, refinancing, investing in localised improvements, leveraging market trends, and renting out space—you can significantly accelerate the growth of your home equity in the Western Cape. The key is to stay proactive and make strategic choices that align with both your current goals and future property aspirations.

READ: Understanding home equity and why it is important

Cobus Odendaal, CEO of Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg recently explained why home equity is important.

Acts as a Source of Wealth and Financial Security

Home equity is a form of forced savings. As you pay off your bond, you’re essentially transferring your cash into home value, thereby helping you build wealth over time. For many, home equity is their largest financial asset, providing significant security in retirement or in times of financial need. Unlike many other investments, home equity is a tangible asset that can also increase in value over time, making it a key part of a long-term financial plan.

Access to Borrowing Options with Lower Interest Rates

One of the biggest advantages of home equity is that it can be used as collateral for loans. This affords you various borrowing options, often at lower interest rates than unsecured loans and can provide funds for larger expenses, but it’s important to borrow responsibly since these loans are secured by your home, meaning failure to repay could put your property at risk.

Helps with Retirement Planning

Home equity can be especially valuable in retirement planning. Some homeowners downsize by selling their property, buying a less expensive home, and using the proceeds for retirement income. Others may explore options like a reverse mortgage (home equity release loan), allowing them to access their equity without having to move. Home equity can be a reliable source of funds for those who wish to maintain a comfortable lifestyle during retirement without dipping into other investments.

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