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Buying & Selling

SARB To Hold Rate But Hike Around The Corner

SARB to hold rate but hike around the corner – expert panel

South Africa’s prime lending rate is currently at 7%, the lowest it has been in five decades. As the Monetary Council of the South African Reserve Bank (SARB) is set to meet at the end of March, a unanimous vote by 25 economists on Finder’s repo rate forecast report thinks the bank will continue to hold the rate. Web Design | Marketing | PhotographyRead More ...

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Do’s and don’ts when buying property with family

Buying property with family can be a solution on a multitude of fronts – the elderly are cared for, costs are shared … But things can go wrong, and when they do they can ruin your most precious relationships. So, what are the “dos and don’ts”? Shaun Dubois of Just Property, says he is seeing more and more multi-generational living arrangements: “This was always common in certain cultures but...

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...

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...

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

10 Incredible Before-and-After Living Room Makeovers

Living rooms are usually one of the first rooms you think about decorating or redesigning when moving into a new place or when it is time for a makeover. Some rooms might be dated or no longer functional; other rooms may be too spacious or too cramped. There are fixes for every budget and every taste and style to consider. Here are 10 before-and-after makeovers for living room spaces that were ready for...

Pay off your bond 5 years faster

Paying your bond off faster, like 5 years faster, has never been easier

Save hundreds of thousands in bond payments With the recent two rate cuts in quick succession by the South African Reserve Bank, consumers are being encouraged to take advantage of their home loan repayments. Those who are fortunate enough to not have any financial worries during this Covid19 pandemic could save hundreds of thousands in bond payments if they want to. The recent move by the South...

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

MONEY CLINIC: Is it legal for our landlord to charge us a R500 late penalty fee during Covid-19?

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

5 Tips For Selling Your Home During The Coronavirus Pandemic

5 Tips For Selling Your Home During The Coronavirus Pandemic

Life is changing incredibly fast during the coronavirus pandemic and many industries are following suit, including real estate. While some sellers have decide to pull their homes off the market and try to sell at a later stage, this may not be an option for everyone. With that in mind, if you are trying to sell your home in this market, there are some things that you can do to help keep everyone involved...

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