RE/MAX balloon logo

Buying

Most Recent Buying Articles

Showing: 1 - 12 of 386
FRANCHISE VS OWN BUSINESS: WEIGHING THE PROS AND CONS

FRANCHISE VS OWN BUSINESS: WEIGHING THE PROS AND CONS

Starting and owning a business may well be your dream but remember: behind many a successful entrepreneur is at least one failed business. Often more than one. In an economy where unemployment is high, the logical thing to do is to create your own job. However, that’s easier said than done and comes with significant risks. In this article, we’ll unpack the significant advantages of buy

Read more
RE/MAX SA RAKES IN AWARDS

RE/MAX SA RAKES IN AWARDS

The year has been filled with achievements for RE/MAX of Southern Africa. The brand has claimed numerous awards since the year began and are nominated to win more in the months to come. In April 2024, the RE/MAX SA anamorphic billboard campaign was named "Best OOH" at the MMA South Africa Smarties Awards. Special thanks to Mark1, Innovocean, and Hivestack for helping RE/MAX SA bring t

Read more
WHY DO TRANSFERS GET REJECTED AT THE DEEDS OFFICE?

WHY DO TRANSFERS GET REJECTED AT THE DEEDS OFFICE?

Waiting for confirmation that your new home is actually yours – registered in your name – is a little like waiting for a new baby to arrive. There’s lots of happy anticipation tinged with worry. Usually, nothing goes wrong. But sometimes it does. The same can happen with a property transfer. In this article, we’ll look at the process that the Deeds Office follows to registe

Read more
INTEREST RATES TO REMAIN AT RECORD HIGHS

INTEREST RATES TO REMAIN AT RECORD HIGHS

The Monetary Policy Committee (MPC) announced yet another disappointing outcome at their latest meeting, with interest rates remaining stable at 8.25% (repo rate) and the prime lending rate at 11.75%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement will be a bitter pill to swallow for most South Africans. “Although it has been predicted

Read more
RE/MAX NATIONAL HOUSING REPORT Q1 2024

RE/MAX NATIONAL HOUSING REPORT Q1 2024

Despite a multitude of factors working against it, the South African property market remains surprisingly active in the first quarter of this year; but house price growth remains hampered by broader economic conditions. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa expected there to be slow growth in face of the external factors, including record-high interest rates, ri

Read more
How to own your own RE/MAX franchise in Southern Africa

How to own your own RE/MAX franchise in Southern Africa

One of the routes to success is owning your own business. You could start a business from scratch, or you could invest in a franchise with a proven business model for success with an established brand recognition – like RE/MAX. It comes with great advantages. All RE/MAX franchises are independently owned and operated and the cost to purchase a franchise is one of the most competitive in the

Read more
ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

Many will undoubtedly be disappointed to hear that the Monetary Policy Committee (MPC) did not choose to cut interest rates at their latest meeting, announcing instead that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement is disappointing. “W

Read more
HOW TO MAKE A NEW CITY FEEL LIKE HOME

HOW TO MAKE A NEW CITY FEEL LIKE HOME

Moving house is among the top five life stressors and even more so when the move is not just from one house to another, but to a new city or country. In another article, we discussed how the 80:20 principle plays an important role in choosing a new city and preparing for the move. In this article we’ll give you some useful tips and the odd life hack for putting that preparation – the 8

Read more
THE IMPACT OF THE REPO RATE ON YOUR HOME LOAN

THE IMPACT OF THE REPO RATE ON YOUR HOME LOAN

If you hold any kind of debt, it is important to keep a close eye on interest rates: as interest rates go up, so do your monthly repayments. The interest rate that your bank charges is based on the repo rate which is set by the South African Reserve Bank (SARB). To help you stay on top of this, we’ll explain what the repo rate is, how it is set, and, critically, its impact on your home loan.

Read more
INTEREST RATES TO HOLD STEADY FOR NOW

INTEREST RATES TO HOLD STEADY FOR NOW

Although not quite the cut most homeowners were hoping for, the Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. While a cut would have created more welcomed relief, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement will at least avoid placing f

Read more
RE/MAX NATIONAL HOUSING REPORT Q4 2023

RE/MAX NATIONAL HOUSING REPORT Q4 2023

Another Quarter of Muted Growth The ramifications of high interest rates are still being felt in the fourth quarter of 2023, with fewer transactions occurring and leaving room for only marginal house price appreciation.    According to Lightstone Property data, as at 10 January 2024, the number of transfers (both bonded and unbonded) recorded at the Deeds Office for the period Octo

Read more
GOOD NEWS FOR HOMEOWNERS: INTEREST RATES REMAIN UNCHANGED

GOOD NEWS FOR HOMEOWNERS: INTEREST RATES REMAIN UNCHANGED

The Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. This comes as some much-needed relief as many debt holders are struggling to keep up with repayments, even at the current rates. Given that inflation increased to 5,4% in September from 4,8% in August, it is understandable that interest rates

Read more