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How long should a house be on the market?

As of 2022, the average time for a property to be on the market in South Africa is around 8 weeks.

However, don’t be disheartened if you haven’t sold your property within this period of time. Four months is a realistic waiting period, and the average time may gradually increase as time goes on.

Properties are selling quicker than the long-term average in South Africa, as pent-up demand is being unleashed in the post-pandemic period.

Many South Africans are looking to upgrade to bigger homes as they adapt to the new work-from-home lifestyle.

If you’re a buyer, you should check how long a property has been on the market before making an offer. If it’s been on the market for a long time, ensure this is not a result of issues with the property.

When you’re ready, you can apply for a home loan with ooba Home Loans.

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

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Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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