Most Recent Ask Articles
WORLD’S REAL ESTATE BROKERS MEET ONLINE
In response to the pandemic, RE/MAX, LLC took its Broker Owner Conference (BOC) into the online space. The event, which was held virtually on August 17-18, 2020, connected the network’s brokers in more than 110 countries and territories together in an online space to exchange ideas, network with each other, discover new tools and technology, and take their business to the next level. The
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IT’S CURRENTLY CHEAPER TO BUY THAN TO RENT
The record-low interest rates have already encouraged many first-time buyers to enter the market, and for good reason. At the current interest rate of just 7% (prime), and with room for another cut before the year is out, it is possible that the monthly repayments on a home loan will cost less than the rent on the same property, making it cheaper to buy than to rent. At the current interest rat
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TAKE SOCIAL DISTANCING TO THE NEXT LEVEL: BUY YOUR OWN ISLAND
Ever dreamed of escaping to your own private island and leaving the worries of the world behind you? Well, if you have R19 990 000 to spare, this dream could become your reality. Currently listed with Sue Abernethy of RE/MAX Coastal, this state-of-the-art home is surrounded by water and the approach is over a private causeway. With not one, but two private jetties, plus its own private bea
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A CHANCE TO LIVE IN YOUR VERY OWN CASTLE
For a cool R32 million, investors can purchase their very own sandstone castle, equipped with its own airstrip and private chapel. This sought-after property is also the seasonal home of Arctic explorer, Devlin Fogg. The property, built entirely of sandstone in a medieval style, is located only 12 kilometres from Fouriesburg. Access is either by road or by air, as the property boasts its own pr
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Zero-Tolerance Stance on Gender-Based Violence
*Updated 18/08/2020 It has recently been brought to our attention that a reported incident of gender-based violence has been alleged against one of our agents, Jarryd Philips, in his personal capacity. In view of this, RE/MAX of Southern Africa would like to clearly stipulate its zero-tolerance stance towards gender-based violence. “RE/MAX SA stands firmly against and does not tolerate
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EMPOWERING WOMEN TO STRIVE TOWARDS SUCCESS
Women’s month presents the perfect opportunity to provide hope to those who can no longer visualise a better future for themselves. This August, we celebrate all women and remind them that success is within their grasp. “It is often said that empowered women empower women, as they provide hope to others through their own success. At RE/MAX, women are a force to be reckoned wit
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PRESSURE ON ASKING PRICES & MORE BUYER INTEREST
The overall state of the South African housing market is best described as a buyer’s market with house price decline in real terms. Yet, the South African housing market is comprised of multiple micro-markets, each with its own trends in recent performance. “For buyers and sellers, it is always advisable to consult a local property expert to get an accurate picture of how a specific
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SOLE MANDATE HELPS YOU SELL IN CURRENT BUYER’S MARKET
In a buyer’s market, sellers will need to utilize any advantage they can find so that their home stands out among the crowd. One such advantage is signing a sole mandate to ensure that their property gets the maximum attention it deserves. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, many sellers falsely believe that if they let multiple agenc
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RE/MAX CLOSES RECORD-BREAKING SALES MONTH WITHIN LOCKDOWN
South Africa has just come off the back of one of the toughest periods from a real estate industry point of view. Real estate practitioners were without any cash, without any resources, and without any way of serving their clients under Alert Level 5 and 4. And, just over a month later, RE/MAX of Southern Africa has hit a record sales month in the history of the company. “Across Southern
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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 7%. Adrian Goslett,
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RE/MAX National Housing Report Q2 2020 National Lockdown brings the Property Market to a Standstill
The national lockdown brought the local housing market to a standstill as the Deeds Office closed during Alert Level 5 and most of Alert Level 4. This was worsened by the fact that real estate services were unable to operate until Alert Level 3. The result saw historically low levels of activity for the second quarter of 2020. According to Lightstone Property data, a total of 5792 bond registra
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TRAVEL BAN CREATES NEW TRENDS IN RENTAL MARKET
The travel ban has placed many travellers in precarious living situations, especially those who had plans to emigrate just before the lockdown started. This has led to new trends in the rental market, with fully-furnished, medium-term rentals becoming increasingly popular and Airbnb homes moving to the long-term rental market to avoid vacancies. Regional Director and CEO of RE/MAX o
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