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Most Recent Buying Articles

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PURCHASING A RENTED HOME

PURCHASING A RENTED HOME

You have been looking for the ideal property to purchase for months and finally find it, but there is a catch, there is a tenant who is currently renting the property. What now? Simply put, because the lease agreement is legally binding and was in place before, it stands - regardless if the owner of the home decides to sell. The lease agreement goes with the home. Essentially this means that...

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QUESTIONS TO ASK BEFORE LISTING YOUR HOME

QUESTIONS TO ASK BEFORE LISTING YOUR HOME

Just as buyers need to do their research before taking on homeownership, those who are considering placing their home on the market also need to spend some time contemplating certain aspects before they list their property. In fact, there are three questions that every homeowner should ask themselves before placing their home on the market. Question one – Is it the right time to sell?...

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QUESTIONS TO ASK THE CONVEYANCING ATTORNEY

QUESTIONS TO ASK THE CONVEYANCING ATTORNEY

Ownership of a property takes more than a signature on an Offer to Purchase or for that matter the payment of the purchase price.  The property needs to go through the process of transfer and needs to be registered in the new buyer’s name at the Deed Registry Office, which is where the services of a conveyancing attorney are required. Buying a home can be complicated, and there are s...

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SELECT THE RIGHT ATTORNEY FOR TRANSFER

SELECT THE RIGHT ATTORNEY FOR TRANSFER

Working with the right attorney during a property sales transaction can make all the difference to how long and cumbersome the process can be. During the property transfer and registration process, there are usually three different conveyancers involved – a bond attorney, bond cancellation attorney and the transferring attorney. The bond attorney represents the bank or financial instituti...

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SHOULD EQUITY IN THE BOND BE USED FOR DEBT?

SHOULD EQUITY IN THE BOND BE USED FOR DEBT?

Often car loans and credit cards accrue interest at a much higher rate than a home loan, which is why many people decide to take equity out of their home loan to pay off their other debts. Focusing on paying off debt with the highest interest rate is a very good financial strategy to implement, but is using a home loan to do it the best idea? The answer to that question largely depends on the t...

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SIGN BOARDS STILL HAVE A PLACE IN TODAY’S MARKET

SIGN BOARDS STILL HAVE A PLACE IN TODAY’S MARKET

In the age of technology that we live in, the internet has revolutionised the property industry and how business is done. With over 26 million users connected to the internet in South Africa, it has become one of the main marketing and advertising tools used by real estate professionals to effectively reach large masses of people in a short time frame. Many prospective homebuyers use the intern...

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START WITH YOUR BEST FOOT FORWARD

START WITH YOUR BEST FOOT FORWARD

Every year graduating students will be thinking about their lives going forward and what the future may hold for them. After studying many will be entering the job market, starting on their career path and entering a new life stage. The financial decisions that these young consumers make early on will largely dictate their financial well-being in the future. Starting out in the right manner from t...

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STEPS TO FINANCIAL FREEDOM

STEPS TO FINANCIAL FREEDOM

There have been many high-fliers who have lost everything because they did not understand the fundamentals of finance.  Irrespective of the individual’s earning potential, the same principles can be used and applied to ensure that the person has a solid financial foundation. Much like building a home, it is vital to start with a foundation and build upwards from there through a process...

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SUBMITTING AN OFFER

SUBMITTING AN OFFER

Finding the right home is only one step in the process to becoming a homeowner. Once you have narrowed down the search and found the home that meets your criteria, the next step is to put pen to paper and make an offer to purchase. While some may find this a rather overwhelming undertaking, following a few simple guidelines will make it a far less daunting experience. An offer to purchase (OTP)...

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THE DO’S AND DON’TS OF HOME EQUITY

THE DO’S AND DON’TS OF HOME EQUITY

Is there ever a good time to use your home equity? Homeowners who have equity available in the bond accounts might be tempted to withdraw some of the money and use it for more immediate needs or wants. While it is not always a wise decision to take equity out of the bond, there are a few circumstances where it can benefit the homeowner. While some reasons for using the equity make good financia...

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THE RIGHT INFORMATION WILL ASSIST THE AGENT

THE RIGHT INFORMATION WILL ASSIST THE AGENT

An open communication channel is imperative to the relationship between the prospective homebuyer and the real estate professional they choose to use. For an agent to fully understand what the buyer wants, the buyer needs to feel comfortable that they can divulge information to the agent - openly and honestly.  The more information a buyer is prepared to give their agent, the better their...

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THE TOP BENEFITS OF REAL ESTATE INVESTMENT

THE TOP BENEFITS OF REAL ESTATE INVESTMENT

When it comes to a long-term investment, there are few asset classes that have the same benefits as property, especially when it comes to building a foundation to grow personal wealth. Many astute property buyers who have followed the key principles of property investment have been able to reap the rewards of their actions and see good returns on their investment. Even with the correction in th...

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