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RE/MAX National Housing Report Q3 2019

RE/MAX National Housing Report Q3 2019

SALES INCREASE AS PRICES SHOW MODERATE GROWTH The South African property market has been experiencing a lull since early last year, with national house price growth struggling to outpace inflation. However, according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, the results of the RE/MAX National Housing Report for Q3 2019 reveal that we might be on our way to brea...

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BREAST CANCER SURVIVOR STORIES

BREAST CANCER SURVIVOR STORIES

Driving Awareness Around Early Detection & Cure According to the National Cancer Registry (2014), Breast Cancer directly affects 1 in every 27 South African women, making it the most common cancer within this demographic. Breast cancer is almost always curable if detected early. Yet, most women still fail to go for regular mammograms and perform self-examinations to check for lumps or irreg...

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WHAT YOU HEARD ABOUT JOINING RE/MAX MIGHT NOT BE TRUE…

WHAT YOU HEARD ABOUT JOINING RE/MAX MIGHT NOT BE TRUE…

These are some of the comments we’ve heard over the last 20 years, and they’re simply not true. Let's set the record straight and give you the lowdown: 1. “You can only join them as an independent contractor.” It is true that RE/MAX was founded on the 100% commission model, where the agent gets to earn the full commission on a transaction and then pays back a servic...

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HOW TO CREATE YOUR PROPERTY WISHLIST

HOW TO CREATE YOUR PROPERTY WISHLIST

It can be an exciting endeavour to shop for one of your largest investments. However, before getting carried away with a list of dream features, it is best to define what it is that you want in a home versus what it is that you actually need. After some contemplation, you may find that the ideal home for you and your family is not what you initially thought it would be. Here are a few considera...

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FINDING THE FUNDS FOR FOREIGN PROPERTY INVESTMENTS

FINDING THE FUNDS FOR FOREIGN PROPERTY INVESTMENTS

Though the process is much simpler if the buyer has the funds readily available, acquiring a home loan for foreign investments is possible, though not simple. Unless you have a good understanding of financial requirements, it is often better to involve a financing expert who can advise you on the various options that are available to you. For a brief synopsis of the options that South African i...

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HOW TO SELL IN A BUYER’S MARKET

HOW TO SELL IN A BUYER’S MARKET

In a buyer’s market, the number of homes up for sale is much larger than the number of prospective buyers looking to purchase. This means that sellers are less likely to fetch their full asking price and are more likely to wait longer for their home to sell. It is not, however, a lost cause for sellers who find themselves in these kinds of markets – they might just need to work a littl...

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AVOIDING BUYER’S FATIGUE IN A BUYER’S MARKET

AVOIDING BUYER’S FATIGUE IN A BUYER’S MARKET

Finding the perfect property is tricky in any market, but even more so when the supply of properties outweighs the demand, allowing you the right to be pickier than usual. This causes a sort of buyer’s paralysis which can in part be blamed on the modern ability to search listing portals on one’s own. Quit searching online alone Buyers can waste a lot of time trawling through all th...

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STAY IN THE RENTAL MARKET OR BUY?

STAY IN THE RENTAL MARKET OR BUY?

Whether a consumer continues to stay in the rental market or decides rather to purchase a home, there are advantages and disadvantages to both options. Renting offers the tenant a certain amount of flexibility before they make a long-term commitment while buying a home can provide the owner with an asset to their name that will certainly show good returns in time to come. Each consumer needs to ev...

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3 THINGS YOU NEED TO KNOW ABOUT THE HOUSING MARKET RIGHT NOW

3 THINGS YOU NEED TO KNOW ABOUT THE HOUSING MARKET RIGHT NOW

Many concerns have been raised following a period of slowed house price appreciation across the country. While some of these concerns are valid, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, explains that others are easily overcome if you understand certain things about the current housing market. 1. House Prices are growing slightly below inflation The bad news is t...

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AVOID BECOMING THE VICTIM OF A CYBER ATTACK

AVOID BECOMING THE VICTIM OF A CYBER ATTACK

Over the last few months, the real estate industry has been the target of several attempts at cybercrime, including phishing attacks and email spoofing. Because real estate professionals deal with the personal information of buyers and sellers, the profession is often viewed as a desirable target for cybercrime. In order to prevent these sorts of crimes, Regional Director and CEO of RE/MAX of S...

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FOURWAYS MALL EFFECT ON THE RESIDENTIAL MARKET

FOURWAYS MALL EFFECT ON THE RESIDENTIAL MARKET

The largest shopping centre in South Africa has recently opened its doors. Fourways Mall boasts a total of 450 shops and covers an astounding 178,000m². This new development is set to be a huge drawcard for the area which in turn will undoubtably influence the values of homes in the surrounding suburbs.   According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Gosl...

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A MISSED OPPORTUNITY FOR FURTHER ECONOMIC GROWTH:  INTEREST RATES UNCHANGED

A MISSED OPPORTUNITY FOR FURTHER ECONOMIC GROWTH: INTEREST RATES UNCHANGED

The Monetary Policy Committee (MPC) took a cautious decision by announcing today that interest rates will remain unchanged until their next meeting in November. The prime lending rate therefore remains at 10% and the repo rate at 6.5%. “Our economy is already showing signs of recovery, reflecting a 3.1% growth in our GDP for the second quarter of 2019. With inflation dropping to 4% in Jul...

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