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Most Recent Buying Articles

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A MISSED OPPORTUNITY FOR GREATER PROPERTY PRICE APPRECIATION

A MISSED OPPORTUNITY FOR GREATER PROPERTY PRICE APPRECIATION

The Monetary Policy Committee (MPC) has again announced that interest rates will remain stable, keeping the repo rate at 3.5% and the prime lending rate at 7%. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, house price appreciation and rental escalations have remained subdued for some time now; enough that an interest rate cut at this meeting could have hel...

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RE/MAX National Housing Report Q4 2020

RE/MAX National Housing Report Q4 2020

PROPERTY MARKET RECOVERS TO PRE-LOCKDOWN LEVELS OF ACTIVITY  The South African real estate market has shown a remarkable recovery following the Deeds Office closure that occurred in the second quarter of 2020 and reflects nearly the same levels of activity as it had pre-pandemic. According to Lightstone Property data, a total of 44,885 bond registrations were recorded at the Deeds Offic...

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WHY IT’S A BAD IDEA TO MAKE MULTIPLE OFFERS AT ONCE

WHY IT’S A BAD IDEA TO MAKE MULTIPLE OFFERS AT ONCE

When you’re spoilt for choice, it is tempting to sign multiple offers on several homes in the hope that one of the sellers will accept. Sadly, if more than one offer is accepted, you could find yourself in some hot water. Here’s why it’s a bad idea to make multiple offers at once… What happens when you make an offer Once an Offer to Purchase has been signed by both you...

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NEW YEAR’S RESOLUTION TO BUY A HOME? HERE’S HOW

NEW YEAR’S RESOLUTION TO BUY A HOME? HERE’S HOW

Is one of your new year’s resolutions to buy a home? Realistically, it’ll be a bit tough to meet your resolution if you’ve yet to put aside a single penny towards it. But, if you set a timeframe, develop a plan of action, and have the perseverance to stick to the strategy, then you might just be able to call yourself a homeowner in time for the next new year’s celebrations....

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7 MISTAKES TO AVOID AS A FIRST-TIME BUYER

7 MISTAKES TO AVOID AS A FIRST-TIME BUYER

Purchasing a home for the first time can be a very emotionally driven experience. There are so many new and exciting things to consider, and sometimes complicated processes to negotiate. Often it can be easy to get caught up on the smaller details, losing sight of the bigger picture and possibly making mistakes that you will pay for in the future. Through our experience, we’ve learnt that as...

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5 DEFECTS TO LOOK OUT FOR WHEN BUYING A HOME

5 DEFECTS TO LOOK OUT FOR WHEN BUYING A HOME

Irrespective of whether you are an experienced property investor or a person entering the market for the first time, purchasing a property is a major investment that should be considered carefully. On the surface, a home could be stunning, but there might be underlying issues that, if overlooked, could cost you a lot to repair. Although sellers are required to provide you with a list of defects of...

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PREDICTIONS FOR THE 2021 REAL ESTATE MARKET

PREDICTIONS FOR THE 2021 REAL ESTATE MARKET

We have come to the end of an unprecedented year. We now look ahead and make our predictions for the 2021 real estate market. Given what has occurred, we predict yet another year of mixed results as we continue to navigate through the aftereffects of the national lockdown and continue to battle against the pandemic. Low-interest rates mean more real estate sales “Interest rates are lik...

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RE/MAX SA APPOINTS A NEW CHAIRMAN OF THE BOARD

RE/MAX SA APPOINTS A NEW CHAIRMAN OF THE BOARD

The RE/MAX of Southern Africa board of directors have appointed Jo Neser, a retired director and now executive consultant at Cliffe Dekker Hofmeyr Inc, to be their new Chairman of the board, effective from 1 January 2021. As the brand’s corporate attorney for the last 25 years, Neser will no doubt add a wealth of practical knowledge and experience to the team. Originally from Springs, Gau...

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TOAST TO OUR FOUNDERS THIS FOUNDER’S DAY

TOAST TO OUR FOUNDERS THIS FOUNDER’S DAY

On 30 January, RE/MAX offices around the globe celebrate Founders Day: an annual celebration of the official inauguration of the RE/MAX brand on January 30, 1973. The day serves to acknowledge the efforts of the brand’s founding members who, forty-eight years ago, disrupted the real estate market by introducing the concept of 100% commission earners into the real estate environment. This...

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RE/MAX NAMED #1 REAL ESTATE IN FRANCHISE TIMES TOP 200

RE/MAX NAMED #1 REAL ESTATE IN FRANCHISE TIMES TOP 200

For the 12th straight year, RE/MAX ranks as the No. 1 real estate franchise brand in the annual Franchise Times Top 200 list, based on global sales. The honour reinforces the enduring quality behind the RE/MAX brand name. Coming in at No. 16, RE/MAX joins household names such as McDonald’s, 7-Eleven and Taco Bell at the top of the widely respected list. “This recognition reflects th...

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AVOID NON-REGISTERED RENTAL AGENTS OVER PEAK SEASON

AVOID NON-REGISTERED RENTAL AGENTS OVER PEAK SEASON

As the rush of the summer holiday season approaches, areas along the coastal region often experience an influx of non-registered agents offering deals that are too good to be true on managing clients’ holiday rental properties. The trouble is that these clients will have little to no legal recourse against these agents if they turn out to be con artists. “We have heard several repor...

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RE/MAX OFFICES ACT AS DONATION DROP-OFF ZONES THIS DECEMBER

RE/MAX OFFICES ACT AS DONATION DROP-OFF ZONES THIS DECEMBER

From December to January, members of the public are invited to drop off donations of toys, books, stationary supplies and children’s clothing at their local RE/MAX office as part of the annual RE/MAX National Toy & Book Collection. At the end of January 2021, the donations will be dropped off at various local charities and children’s organisations across the country. According t...

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