Buying a property, especially a home for your family, is thrilling. For most, the journey, whilst a little stressful, usually results in securing the purchase of a home that allows you to start the next chapter of your life. Not only can the process be filled with emotion, but there is also a considerable amount… Read More 5 Regrets to Avoid in the Purchasing Process
We suspected it was coming, and it did. The VAT increase was thankfully only 1% – and effective 1 April 2018 the new rate will apply. So just what does that mean when it comes to property transactions? The biggest impact will be felt when purchasing a property from a VAT vendor – such as… Read More Last Chance to Save on VAT
Leaving decision-making to your “gut feeling” can work in many realms of life, but when it comes to buying investment property, those with a proven strategy are more likely to succeed. If you are actively in the market for an investment property, you will be met with numerous “opportunities”, but only a few are likely… Read More How to Pick the Right Investment Property
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 please. It’s natural for a tenant to want… Read More Renegotiating a Lease Renewal
The recent increase in the Repo rate shouldn’t have come as a surprise, really. It is the third such increase this year, raising the base rate by 75 basis points – or 0.75%. For anyone with debt, an increase in the interest rate isn’t great news. That translates to an extra R 170 per month… Read More Rising Interest Rates and the Local Property Market
It’s amazing how surprised we are when we buy the cheaper product and then get frustrated that the quality isn’t what we expected. We then end up having to buy the more expensive product anyway. Result: the cheaper product was more expensive. There is an international rule that says’ “you get what you pay for”. … Read More Cheap is Not Good. And Good is Not Cheap.
It’s well known that the property market is healthy at the moment, especially in the price range R 3 million and below. It’s much easier to sell property in this price range now that it was 2 or 3 years ago. So when you select an estate agent to sell your property now, does it… Read More In a Sellers Market Do I Just List With The Cheapest Agent?
Every property seller wants to get the most for their property – and you’re absolutely entitled to it. The problem is that, when your “wish price” exceeds the market value, you may be tempted to list way above a price that will attract buyers. Sadly, some estate agents will advise a seller to start high… Read More Your List Price Makes a Huge Difference
There seems to be a growing trend towards joint mandates being given by sellers. A joint mandate is a mandate that is given exclusively to 2 or more estate agencies to market a property. This differs from a sole mandate, which is given to one estate agency. The estate agency commits to market the property… Read More Joint Mandates – Not Good for Sellers
There is very little to match the disappointment of making an offer on a property, only to hear it’s been declined – or even worse, that someone else made an offer and it was accepted over yours. The reality in the current market is that, especially in the lower to middle price ranges, there are… Read More How to Strengthen Your Offer on a Property