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Most Recent Buying Articles

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STABLE INTEREST RATES GIVE HOMEOWNERS ANOTHER BREAK

STABLE INTEREST RATES GIVE HOMEOWNERS ANOTHER BREAK

Interest rates will yet again remain stable at 3.5% (repo rate), with the prime lending rate remaining at 7% following the September announcement by the Monetary Policy Committee (MPC). While grateful for this decision, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, remains cautious for when interest rates will begin their inevitable upward climb. As predicted in his re...

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HOW TO AVOID PROPERTY SCAMS

HOW TO AVOID PROPERTY SCAMS

While the Internet is an extremely useful tool, it has also made it easier for criminals to prey on prospective buyers and tenants. Over the last month, RE/MAX of Southern Africa has received several reports of various real estate agent scams taking place within the Western Cape in particular. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, warns South Africans to be car...

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HOW A DEPOSIT AFFECTS YOUR HOME LOAN

HOW A DEPOSIT AFFECTS YOUR HOME LOAN

When buying a home, not only will you need to save for roughly a 10% deposit on the asking price, but you will also need to budget for the various ad hoc expenses that come with purchasing property, including registration fees and transfer duties. With the costs of purchasing a home being as expensive as it is, it is understandable to want to forgo the deposit. Before you do, take a moment to cons...

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DEALING WITH DEFECTS WHEN BUYING A HOME

DEALING WITH DEFECTS WHEN BUYING A HOME

No matter how thoroughly you may have inspected your dream home, unexpected defects can and often do appear after the offer to purchase has been signed. To help you know how to go about dealing with defects when buying a home, below are a few tips to help you better understand your rights… Understanding the Voetstoots clause Sadly, buyers are not protected by the Consumer Protection A...

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GLOBAL R.E.A.L GROUP’S CAREER ADVICE TO WOMEN

GLOBAL R.E.A.L GROUP’S CAREER ADVICE TO WOMEN

The global R.E.A.L. group, with the support of RE/MAX HQ, is helping women shatter any barriers they may encounter along their career path, regardless of where they are in the world. The group is bringing the brilliant business minds of female RE/MAX affiliates together to exchange ideas, best practices, and – most importantly – personal stories, in an authentic and judgment-free fo...

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5 THINGS TO AVOID WHEN APPLYING FOR HOME FINANCE

5 THINGS TO AVOID WHEN APPLYING FOR HOME FINANCE

You’ve been browsing for property online, and finally found a house you can call home. Although being prepared and having your deposit ready is essential, other factors come into play that could prolong the process of buying your dream home. By considering these factors and monitoring your spending, you can increase the chances of your bond being approved. Below are 5 things to avoid when ap...

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NEED-TO-KNOWS BEFORE BUILDING YOUR OWN HOME

NEED-TO-KNOWS BEFORE BUILDING YOUR OWN HOME

Buying a plot of land and building your own home from the ground up can be more affordable than purchasing an existing home, but only if you plan every aspect of the build carefully and keep a tight watch over the budget. The key to building your own home is being well prepared before starting the project. Need-to-know #1: Builder selection is crucial One of the first aspects that need to be...

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PROS & CONS OF BUYING PROPERTY THROUGH A TRUST

PROS & CONS OF BUYING PROPERTY THROUGH A TRUST

If you’re thinking of buying property through a family trust it may prove helpful to know what this entails. A trust offers you an alternative to purchasing a property in your own name. While purchasing through a trust may offer more security than purchasing through a bank, other tax implications could cause this to be a less desirable option. Before making your decision, consider the pros a...

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WHERE ARE WOMEN IN BUSINESS TODAY?

WHERE ARE WOMEN IN BUSINESS TODAY?

It has been 65 years since the march to the Union Buildings in Pretoria to protest against passes for women took place on 9 August 1956. Today, we still have only one female CEO in the top 40 of the JSE, Anglo American Platinum's Natasha Viljoe. Although we have a long way to go before women have a more equal place at the boardroom table, we have made progress that...

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INTEREST RATES HOLD STEADY IN FACE OF ECONOMIC INSTABILITY

INTEREST RATES HOLD STEADY IN FACE OF ECONOMIC INSTABILITY

Following the recent wave of economic instability, the Monetary Policy Committee (MPC) announced that interest rates will remain stable at 3.5% (repo rate), with the prime lending rate then remaining at 7%.   Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that this was a prudent decision, as many have entered the property market owing to record-low interest ra...

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COLLECTING DONATIONS IN GAUTENG

COLLECTING DONATIONS IN GAUTENG

In face of the recent protests and looting, We are South Africans, a civil society organization formed in 2007 from its Facebook page, has moved to help the people of South Africa. The #SPIRITOFSOUTHAFRICA campaign was then started in order to help bring food to the destitute rural towns of KZN and the cities affected by the looting. RE/MAX offices in Gauteng have joined forces with We are Sout...

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RE/MAX National Housing Report Q2 2021

RE/MAX National Housing Report Q2 2021

HOUSING MARKET ACTIVITY RETURNS TO NORMAL After a full year of living under lockdown restrictions of varying levels, the property market seems to have reached an equilibrium. This is according to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, who refers to the RE/MAX National Housing Report for Q2 2021. “The second quarter of 2020 saw the Deeds Office closure w...

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