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RE/MAX NATIONAL HOUSING REPORT Q4 2021

RE/MAX NATIONAL HOUSING REPORT Q4 2021

Housing Market Activity Subsides The fourth quarter of 2021 revealed a change in tide for the property market, either owing to seasonality or to the start of an equilibrium following the first interest rate hike since the pandemic hit in 2020. According to Lightstone Property data, a total of 41,085 bond registrations were recorded at the Deeds Office over the period October to December 2021...

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HOW LONG DOES IT TAKE BANKS TO APPROVE A HOME LOAN IN SOUTH AFRICA?

HOW LONG DOES IT TAKE BANKS TO APPROVE A HOME LOAN IN SOUTH AFRICA?

Getting a home loan is one of the most important steps to becoming a property owner. But how does the bond application process work and how long does it take banks to approve a home loan in South Africa? We’re glad you asked! Firstly, it’s important to note that the amount of time it will take for approval can vary from person to person and bank to bank. This is because a home loan app...

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CHANGING LIVES, ONE SPORTS BURSARY AT A TIME

CHANGING LIVES, ONE SPORTS BURSARY AT A TIME

  RE/MAX has always been committed to positively impacting the lives of those living within the communities we serve. In 2022, The RE/MAX Foundation sponsored two students with a full bursary and two students with bursary support packages through the non-profit organization, Sporting Chance Foundation. Below, each of the students share their feedback on how this opportunity has positively...

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RE/MAX SA PARTNERS WITH SUNSHINE LADIES TOUR

RE/MAX SA PARTNERS WITH SUNSHINE LADIES TOUR

The much-anticipated Sunshine Ladies Tour tees off in February 2022 and this year it boasts not only a massive prize money hike, but also a few new sponsors – including RE/MAX of Southern Africa. “The Sunshine Ladies Tour is healthy, strong and growing thanks to the continued commitment of our stakeholders, including Investec, the municipalities of Joburg and Cape Town, Jabra, Super...

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RE/MAX EXPANDS ITS GLOBAL FOOTPRINT

RE/MAX EXPANDS ITS GLOBAL FOOTPRINT

As globalization increases, the need for truly global real estate brands increases alongside it. Adding to its vast global presence in over 110 countries and territories, RE/MAX continues to move into new geographic areas as the desire to affiliate with the real estate brand remains high. International real estate remains big business despite declines in foreign investment due to the COVID-19 p...

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HOW WILL THE PROPERTY MARKET PERFORM IN 2022?

HOW WILL THE PROPERTY MARKET PERFORM IN 2022?

Remarkably, within a pandemic year, the property market has experienced somewhat of a boom. Record-low interest rates and the change in lifestyle resulted in an increase in buyer activity that kept the real estate market alive and thriving. With this year at its end and with the new year in sight, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that it is difficult to...

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HOW MARRIAGE CONTRACTS CAN AFFECT HOMEOWNERSHIP

HOW MARRIAGE CONTRACTS CAN AFFECT HOMEOWNERSHIP

Two of the most important commitments you’ll ever make in your life is marriage and buying a home. They are inevitably linked because not only does marriage become a driving force for buying property, but the marriage contract comes into play when applying for a home loan and can affect homeownership. To help you better understand how your marriage contract can affect homeownership, below...

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RE/MAX IS SANTA’S HELPER THIS DECEMBER

RE/MAX IS SANTA’S HELPER THIS DECEMBER

Those who are looking for ways to help their fellow man over the festive season can drop off toys, books, stationery supplies and children’s clothing at their local participating RE/MAX office as part of the annual RE/MAX National Toy & Book Collection. At the end of January 2022, the donations will be dropped off at various local charities and children’s organisations across the c...

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HOW TO STAY IN BUDGET WHEN BUYING YOUR FIRST HOME

HOW TO STAY IN BUDGET WHEN BUYING YOUR FIRST HOME

Buying your first home doesn’t need to be a stressful experience. It can be incredibly exciting if you’re properly prepared for the journey, which is why it’s best to start off with a clear idea of what you can comfortably afford on your monthly bond payments before you start searching for your dream home. Apart from your bond, there are several other costs you need to budget for...

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INTEREST RATE HIKE MEANS HIGHER REPAYMENTS ON HOME LOANS

INTEREST RATE HIKE MEANS HIGHER REPAYMENTS ON HOME LOANS

After months of enjoying record-low interest rates, South African debt holders now face slightly higher repayments as the Monetary Policy Committee (MPC) has just announced that the repo rate will increase by 25 basis points to 3.75%, leaving the prime lending rate at 7.25%. While remaining hopeful that this increase will not have too profound of an effect on the property market as a whole, Reg...

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WHY YOU NEED HOMEOWNER’S INSURANCE TO OWN PROPERTY

WHY YOU NEED HOMEOWNER’S INSURANCE TO OWN PROPERTY

There’s no doubt that your home will be the largest financial asset you’ll ever own, which is why homeowner’s insurance is imperative. To help you better understand why you need homeowner’s insurance to purchase property, below are a few key aspects you should understand. What is homeowner’s insurance and why do you need it? Homeowner’s insurance is a poli...

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SECTIONAL TITLE OR FREEHOLD OWNERSHIP: WHICH SUITS YOU BEST?

SECTIONAL TITLE OR FREEHOLD OWNERSHIP: WHICH SUITS YOU BEST?

Sectional title living is quite popular among South African buyers for its heightened security, affordability, and communal way of life. However, understanding and evaluating the pros and cons of sectional titles and freehold ownership is vital before deciding which property type suits you best. To help the decision-making process, below are the pros and cons of each ownership type. Sectional t...

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