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2020

voetstoots

What buyers need to know about purchasing a distressed property

What buyers need to know about purchasing a distressed property 20 Dec 2020 The unfortunate reality is that there has been an increase in the number of distressed property sales owing to the lockdown and a rising unemployment rate. While interest rate cuts provided a ‘massive stimulus’ to the market, demand has slowed as signs of consumer distress start filtering...

Renting vs Buying

Renting vs buying property in South Africa right now

Driven by attractive interest rates and more lenient loan criteria, tenants now have their sights firmly set on owning a home. While many – particularly the millennial generation – chose to travel and live more ‘freely’ in the past, priorities have since changed, says Grant Smee, managing director for Only Realty. “Travel and event restrictions remain in place and lockdown has forced many to...

Capitec announces it is entering home loans market

Capitec announces it is entering home loans market

Capitec announced on tuesday that it has entered the home loans market. Up until now, the country's biggest bank by customers has not offered secured lending to finance purchases like homes, even though it has quietly launched "purpose lending" to finance cars through unsecured credit in April this year. On Tuesday Capitec announced that it has decided to partner with SA Home Loans to launch its full...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

LP Gas Installations – Legislation & Safety

LP GAS INSTALLATIONS – LEGISLATION & SAFETY LP Gas installations without a valid up to date CoC may lead to dire consequences for home owners. With the high cost of electricity gas appliances in the home are becoming more popular. Some homeowners are unaware that permanent gas installations such as gas ovens, hobs, heaters and fireplaces requires an up to date CoC. Should there be a fire in a...

This one trend is a good sign for South Africa’s property market – and for buyers

This one trend is a good sign for South Africa’s property market – and for buyers

This one trend is a good sign for South Africa’s property market – and for buyers Prospective property buyers are looking online to see what they can afford, as they make the most of the lowest lending rate in recent years, says bond originator, BetterBond. The group has reported a 123% increase in online pre-approvals since June. “If these pre-approvals translate into sales, it could provide the...

Bonds and Investments

Would it be better to invest R500k or deposit it into my bond?

Would it be better to invest R500k or deposit it into my bond? Would it be better to invest R500 000 in some investment mechanism or deposit it into my bond? What a brilliant question and a conundrum that has been on many people’s minds for as long as household bonds and saving have been in existence. Paying off a bond to reduce debt has always been a good thing to do but injecting all your savings...

Electronic Documents & Signatures

A revisit to electronic documents and signatures

The COVID-19 lockdown has highlighted the challenges of getting everyone together for an old-fashioned, original “paper and ink” signing session. Electronic signatures can ease property transfer transactions – here’s when and how they are valid. “To sign a document means to authenticate that which it stands for, or is intended to represent the name of the person who is to authenticate”...

Interest Rate

Interest Rate Cut to Speed Up Recovery in Housing Market

The record-breaking streak of interest rates cuts in January through to May has already spiked interest in the first-time buyers’ market. The housing market received further good news when today, the Monetary Policy Committee (MPC) announced that the interest rate will drop by 25 basis points. The repo rate, therefore, lowers to 3.5%, leaving the prime lending rate at...

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

Simply Unbelievable!!! Best month in the history of RE/MAX SA!!!!

  RE/MAX National Housing Report for June 2020Home Sales Post Near-Record Turnaround Despite Inventory Constraint.DENVER, July 17, 2020 /PRNewswire/ -- RE/MAX, LLC announced today June home sales posted a near-record 37% gain over a pandemic-impacted May while Months Supply of Inventory dropped below two months for the first time in the report's 12-year history. Overall, U.S. home sales returned...

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