Making the decision to purchase a property is not something to be taken lightly. After all, your property is usually one of your most significant assets. For many buyers, the question that arises is “Do I make the decision to purchase now, or wait and see what happens to the market?” There is a fair… Read More When is a Good Time to Buy?
With the growing demand for properties in gated estates, which are mostly sold as turnkey or plot-and-plan products, is there still a market for vacant plots in the residential suburbs? The short answer is “Yes”. After the global financial crisis when the banks lost much of their appetite for home loans, they weren’t that keen… Read More Is There Still a Market for Plot Sales?
After a solid but stable year in 2014, just what can we expect in the local property market in 2015? Without a crystal ball we’ll have to do our best with some educated assumptions based on current market information. Demand is still healthy in the price range up to R 2.5 million for freehold homes,… Read More The Property Market in 2015
Auction creates a transparent platform for buyers to compete for a property. Transparency builds trust, and this leads to a fair and equitable transaction being concluded by all parties. Benefits of auctions to buyers Buyers for auction property benefit in the following ways: A set auction date allows the buyer time to better plan and… Read More Auction – Bidders Guide
One of the biggest risks a property purchaser has is the risk of their home loan being declined. By far the majority of property purchasers need to make use of bank finance. The result is that they need to make their offer subject to their finance being approved within a certain time frame. Sadly this… Read More A First: Pre-Approved Bonds for Auction Bidders
The only thing more frustrating than not being able to buy something you want, is buying it thinking you can afford it, only to find out later that you can’t. Shopping for a property can be stressful. First you make a list of the important “must-haves”, and then you start browsing the property websites and… Read More Buyers Should Pre-Qualify Before Buying
It may have come as a surprise to many economists, but the recent interest rate increase a wise move – at least I think so. The market has enjoyed nearly 2 years of steady recovery, and sometimes it’s easy to lose touch with reality. The reality is that many world economies are still in a… Read More What Effect Will Interest Rates Have on the Property Market?
In the “good old days” the banks were falling over themselves to give buyers home loan finance. A buyer could obtain a “pre-approval” from their bank, which guaranteed finance for the purchaser up to a certain value. When the economy crashed in 2009 / 2010 these pre-approvals quickly disappeared and home finance became hard to… Read More Buyers – Strengthen Your Offer by Getting Pre-Qualified
For many years it was true that properties seller much better in the summer months. This was true because in summer the weather was obviously better. So homes “showed” well – the gardens flourished, the swimming pool sparkled, and the bright summer light and blue skies ensured each property looked its’ best. People were also… Read More Does It Pay to Sell in Winter?
It’s a big decision to make: Buy or build. Let’s look at the pro’s and con’s. For most buyers, purchasing an existing property is much easier. You shortlist properties that meet your requirements, you view them, and you make an offer based on what you can afford, and what you believe market value to be.… Read More Do I Buy an Existing Property, or Build?