Two of the most common forms of property ownership are Freehold and Sectional Title. It’s important for a purchaser to understand the difference between the two, and what to consider when purchasing a sectional title property. Freehold is where you purchase a piece of land and the improvements thereon. You have title to the property,… Read More What to Consider When Purchasing a Sectional Title Property
Making the decision to purchase a property isn’t one that you take easily. For most of us, our property is our biggest financial asset. Searching for the right property is important, so here are some tips on how to go about it. The very first thing you need to do before you start shopping is… Read More Where To Start When Searching for Your Property
The most important questions that need answering in real estate are: when is the best time to sell? And when is the best time to buy? The best time to sell is when there are lots of buyers, fewer competing listings, and prices are increasing. This is the most common of markets that we experience,… Read More The Smart Time to Buy Property
It’s the question many tenants ask themselves – do we continue to rent, or is it time to purchase a property? There can be advantages to renting a property. For one, your monthly outgoing expenses will be less than if you purchase. You don’t have costs such as insurance, rates and taxes, and the maintenance… Read More Do I Rent, or Is It Time to Buy?
It’s a big decision that every seller has to make: how do I list my property for sale? By Sole mandate, Joint mandate, or Open mandate? Here’s the brutal truth regarding each option. Naturally, you’ll have to interview the agents you are considering to ensure what their individual offering is – but this should guide… Read More Sole Mandate, Joint Mandate, or Open Mandate?
It’s a cause for concern when you are listed on the market and your property hasn’t sold yet. If properly managed though, there is no need to panic. It’s important to realize that you will need to evaluate the situation and make some decisions if you want a result. Research shows that the quicker a… Read More Why Isn’t My Property Selling?
Selling your property can be a stressful event when not done properly. In my experience, here are 5 regrets that are best avoided. If only I’d used my own attorney. Sometimes a buyer may insist on nominating the transferring attorney instead of the seller. In most cases this is because the buyer has an arrangement… Read More 5 Regrets to Avoid When Selling
When the term of a lease nears its’ conclusion the landlord will usually want to negotiate new terms with a tenant. In the absence of this, the existing lease will continue on a monthly notice basis – but in most cases, there is a renegotiation that takes place. It’s natural for a tenant to want… Read More Renegotiating a Lease Renewal
There is much talk about land expropriation without compensation. For property owners across South Africa, it’s not a topic that sits too well. It is also a concern for those who are contemplating purchasing property. I won’t debate the merits of land expropriation. There will be strong arguments on both sides of the issue as… Read More Is Land Expropriation Without Compensation a Threat for Residential Property?
You’ve seen your dream home – the only problem is it isn’t built yet. Is it ever a good idea to buy off plan? The short answer is yes – there are many advantages to buying a property before it’s been built. The trick, as with purchasing property of any type, is due diligence – and when… Read More Purchasing Off Plan