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RE/MAX NATIONAL HOUSING REPORT Q3 2022

RE/MAX NATIONAL HOUSING REPORT Q3 2022

Property Market Activity Levels Off For almost every month this year, the RE/MAX of Southern Africa network has beaten its own recording-breaking sales results for 2021. While the brand continues to excel, there are signs that the market is finally starting to cool off following the post-pandemic boom of activity within the local housing market.   “For eight of the nine months rec

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AVOID THIS PROPERTY SCAM

AVOID THIS PROPERTY SCAM

Within these challenging economic times, the number of property scams are on the rise.  RE/MAX of Southern Africa has received several reports of various real estate agent scams taking place and warns consumers to remain vigilant against them. “With interest rates climbing, times are tough for many South Africans. This could lead to more opportunist crimes as people become increasing

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HOW INTEREST RATES AFFECT YOUR HOME LOAN?

HOW INTEREST RATES AFFECT YOUR HOME LOAN?

When you take out a home loan, the bank will charge you a rate for lending you that money. This charge is calculated as a percentage of your home loan amount and is known as your interest rate. The lower this interest rate, the better it will be for you. Sounds simple, right? Sadly, it’s a bit more complicated than this because the interest rate the bank grants you is linked to the Prime

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HOW DO DEPOSITS WORK FOR FIRST-TIME BUYERS?

HOW DO DEPOSITS WORK FOR FIRST-TIME BUYERS?

Buying a home is a long-term financial commitment. It can feel a bit daunting to consider how to afford the monthly home loan repayments, especially if you are a first-time buyer. But, it is possible to lessen this expense by paying a deposit. In addition to increasing the chances of your home loan being approved, there are many other reasons why a deposit will benefit you as the buyer in both the

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INTEREST RATES CLIMB AS EXPECTED

INTEREST RATES CLIMB AS EXPECTED

Homeowners will have to adjust to higher home loan repayments following the latest announcement by the Monetary Policy Committee (MPC). The repo rate climbs by another 75 basis points to 6.25%, leaving the prime lending rate at 9.75%.  Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that the impact of these interest rate hikes might only be felt next year,

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PINK DAY FUNDRAISER

PINK DAY FUNDRAISER

National Breast Cancer Awareness month exists to spread awareness around early detection and cure – a worthy cause that has the potential to save lives, especially considering that breast cancer is almost always curable if detected early. “This is a cause that hits very close to home for us, which is why we run our annual National Pink Day. On 7 October 2022, we invite our network o

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WHAT ARE THE REQUIRED DOCUMENTS FOR HOME LOAN APPLICATIONS?

WHAT ARE THE REQUIRED DOCUMENTS FOR HOME LOAN APPLICATIONS?

Buying a property and applying for home loans could leave you feeling anxious. There are so many unknowns - what documents do I need, how long does it take to get approval, and should I buy a house by myself or with a partner? Not knowing could make you feel discouraged, and that’s why knowledge is power, especially if you are a first-time home buyer. You can find the answers to most of y

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HOW MUCH SHOULD YOU EARN TO QUALIFY FOR A HOME LOAN IN SA?

HOW MUCH SHOULD YOU EARN TO QUALIFY FOR A HOME LOAN IN SA?

Unless you earned an early inheritance or have been diligently saving for years, applying for a home loan is something you most likely will have to do to buy a house. In South Africa, the bond that prospective homeowners can afford from banks or specialist home loan providers depends on several factors, including things such as your take-home pay, your credit score, and the size of the deposit you

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BUFFINI & COMPANY INTERNATIONAL MENTORS OF THE YEAR 2022

BUFFINI & COMPANY INTERNATIONAL MENTORS OF THE YEAR 2022

For the outstanding achievements in the region, Co-Regional Owners of RE/MAX of Southern Africa, Adrian and Vicky Goslett, were recently awarded the Buffini & Company International Mentors of the Year award at a global event held in San Diego, USA. The pair received the award before the official Buffini & Company Mastermind Summit conference took place on 08-09 August 2022. Over 4000 de

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CAN SOUTH AFRICANS BUY PROPERTY IN OTHER COUNTRIES?

CAN SOUTH AFRICANS BUY PROPERTY IN OTHER COUNTRIES?

Have you ever asked yourself “can I buy property outside of South Africa”? If yes, then you’ve stumbled across the right blog post. There are many reasons why South Africans might seek offshore real estate opportunities. They may want to diversify their investment portfolios or possibly are seeking offshore investments that offer alternative residency (or even citizenship) benefi

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RE/MAX SA LAUNCHES NEW HOT AIR BALLOON

RE/MAX SA LAUNCHES NEW HOT AIR BALLOON

RE/MAX of Southern Africa proudly launched its new hot air balloon at Parkview Golf Club, JHB, on 22 August 2022. The iconic red, white, and blue of the RE/MAX Hot Air Balloon lit up the sky as guests enjoyed an evening of food, drinks, and live music. “We retired our old balloon over two years ago as it had reached the end of its lifespan and its old branding needed to be refreshed,&rdqu

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HOW TO DEAL WITH REAL ESTATE AGENTS WHEN BUYING PROPERTY

HOW TO DEAL WITH REAL ESTATE AGENTS WHEN BUYING PROPERTY

It is a common misconception that a real estate agent solely works for the seller. In fact, they are a great asset to home buyers as well. A skilled agent will not only help you find your dream home, but they will also deal with the negotiations and the paperwork involved in securing the property you desire. While it is not impossible for you to arrange viewings yourself, using an agent will save

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