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6 MISTAKES TO AVOID WHEN SELLING YOUR HOME

It’s good to be able to learn from your mistakes, but it’s arguably better and less costly to learn from other people’s mistakes so you can avoid them altogether. When it comes to major financial decisions, such as selling your home, avoiding costly mistakes is crucial because it has a massive impact on your financial well-being. Below are a few common mistakes that sellers have made in the pas...

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HOW TO NEGOTIATE A REASONABLE LEVY INCREASE

At the end of every financial year, Homeowners Associations (HOA) and Body Corporates may choose to discuss and implement an annual levy increase. If you’re feeling as though the proposed escalation is unreasonable, you may raise your objections at the next Annual General Meeting. For those hoping to negotiate a more reasonable levy increase, below are a few ways to ensure you have all the rele...

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THE PROS & CONS OF MAKING A CASH OFFER

If you’re in the fortunate position of having enough liquid capital available to purchase a property without accessing home finance, you’ll find yourself in a position where you will have unique leverage when placing an offer on your dream home. When sellers are faced with a cash offer, they’re provided with the assurance that you already have the means to purchase the home. However, before you ma...

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HOUSE RULES FOR KEEPING PETS IN SOUTH AFRICA

The number of views a cat video on YouTube racks up helps us realise how much we love our animals. But, as much as we might love them, there are certain laws by which we need to abide if we want to avoid running into trouble with the authorities. The Animal Protection Act of 1962 sets out regulations for all South African pet owners. Those who choose not to follow these rules will receive a penalt...

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HOW LANDLORDS CAN REDUCE TAX ON RENTAL INCOME

We all know that owning a rental property is more than just finding the perfect tenant. If you own a rental property portfolio that provides an income, you’d know that it’s much like owning a business. This means that there are tax implications and dues that need to be paid to the South Africa Revenue Service (SARS). While all taxable income must reflect on your return, there are ways to reduce th...

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WHAT HAPPENS DURING THE PROPERTY TRANSFER & REGISTRATION PROCESS

You've found your dream home but there’s one thing standing between you and the keys – the transfer of property ownership. This process can seem complicated, but it can be relatively straightforward if you have the help of a knowledgeable professional at your side to guide you through it. To help you understand the basics, below is an outline of what happens during this process: How the tra...

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