Most Recent Buying Articles
HOW A FULL LOCKDOWN WILL AFFECT REAL ESTATE & THE ECONOMY
President Cyril Ramaphosa’s address to the nation called the country into a full lockdown to contain the spread of COVID-19. This decision will cause all non-essential businesses to shut down all face-to-face operations until the situation can be contained. “I commend the president for taking such a proactive measures against this pandemic. After speaking to Dario Castiglia, Regiona
Read more
RE/MAX Business Operations for COVID-19
Following President Cyril Ramaphosa’s declaration of the COVID-19 situation as a national disaster and placing the country into a lockdown for 21 days beginning 26 March, we believe that it is our responsibility to support the president’s decision while we continue to provide value-adding property services. Shortly after hearing that the virus had entered South Africa, our Regional
Read more
MPC PROVIDES FURTHER RELIEF FOR DEBT HOLDERS BY ANNOUNCING LOWER INTEREST RATES
Following a cut in interest rates at their last meeting in January, and the Finance Ministers decision to lower income tax levels during the budget speech in February, the Monetary Policy Committee (MPC) announced some further relief for South Africans today by lowering the interest rate by 100 basis points. The repo rate drops to 5.25%. According to Regional Director and CEO of RE/MAX of South
Read more
SAFEGUARDS AGAINST THE CORONAVIRUS
After confirmed reports that the coronavirus has landed in South Africa, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, cautions everyone in the service industry to take the necessary health precautions to protect against infection. “Though I would not advise anyone to panic at this stage, it is always advisable to practice good precautionary measures against infe
Read more
3 OBSTACLES TO OVERCOME WHEN BUYING A HOME
Submitting an offer and having it accepted by the seller is exciting, but it is certainly not the end of your home purchasing journey. There are a few obstacles that you may need to overcome before the home is yours and the keys are handed over… Obstacle 1: A pending bond approval When applying for a loan, it is best to get pre-approval from the bank with a written loan commitment let
Read more
HOW USING A SIGNBOARD CAN HELP YOU SELL YOUR HOME
Much like CD drives, many think that ‘For Sale’ signboards have outlived their usefulness. The internet has become one of the main marketing tools used by real estate professionals to effectively reach large masses of people in a short timeframe. Why then, despite this new technology, are sellers still choosing to decorate their lawn by pegging a board into their front garden?
Read more
3 TIPS FOR SELLERS IN A BUYER’S MARKET
If you’re trying to sell your property and you’re struggling to find prospective buyers, it may be because you find yourself in a buyer’s market where the number of houses on the market is much larger than the number of buyers. This can be a good thing for buyers who have the bargaining power in their favour. A buyer’s market can be caused by various factors. The market
Read more
4 FACTORS TO CONSIDER BEFORE BUILDING A HOME
Everybody dreams of owning their own home. Some even go so far as to buy a stand (also referred to as a plot) on which to build the home of their dreams. Building a home can be an extremely fulfilling experience with many benefits, including the opportunity to create an eco-friendly home that will save you money and help the environment. However, there are a few vital factors that you should consi
Read more
THE BENEFITS OF SIGNING A SOLE MANDATE
If you challenged multiple chefs to compete against one chef in an attempt to cook the same meal, whose dish would be ready first and be the tastiest? Chances are that the chef cooking on his own will be able to get the task complete quicker and better than a team of chefs who will inevitably waste time over who will do what and which ingredients should be used to prepare the meal. The same log
Read more
HOW TO SAVE MONEY ON HOME INSURANCE
With the ever-increasing cost of living, you may be reassessing your financial situation and looking at ways to save money and cut down on costs. One way you can save money is by having a look at your current home insurance policy and possibly changing the cover. Home insurance is a necessity for homeowners, and although it is incredibly important to have, it doesn’t have to be a financia
Read more
WHAT DOG OWNERS NEED TO KNOW ABOUT HOMEOWNERS INSURANCE
As timid as your fluffball may be, accidents can and do happen. All it takes is for a visitor to catch your harmless four-legged companion in the wrong mood and the next thing you know, you’re knee-deep in lawyer’s bills and medical expense claims. Luckily, there is a way to make sure you’re covered should you ever find yourself in this undesirable situation. What is liability
Read more
WHAT TO EXPECT WHEN SELLING YOUR HOME TO FOREIGNERS
South Africa offers an attractive option for foreign real estate investors. The exchange rate works in favour of many non-resident investors, and there are virtually no restrictions on purchasing property as a non-resident in this country, making this one of the most accessible investment markets for foreigner buyers. If you’re hoping to appeal to this market, partner with a real estate b
Read more