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HOW TO ADJUST TO YOUR NEW NEIGHBOURHOOD

HOW TO ADJUST TO YOUR NEW NEIGHBOURHOOD

Have you ever pulled into your driveway at home and suddenly realised that you have no recollection of the journey from the office to your doorstep? That’s because your routines can become so familiar that you are able to do them in auto-pilot mode. The problem arises when you move to a new neighbourhood and you go to unlock your front door and your keys no longer fits the locks…&nbsp...

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THE RISKS INVOLVED IN PURCHASING A DISTRESSED PROPERTY

THE RISKS INVOLVED IN PURCHASING A DISTRESSED PROPERTY

The term distressed properties refers to homes that have been put onto the market because the homeowner has fallen into some sort of financial peril and needs to be rescued from his/her debt. Rather than avoid these sales, buyers could potentially pick up a bargain. And, in so doing, help save somebody from their own financial troubles. The key with all these properties is to remember that you...

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3 REAL ESTATE TERMS SELLERS NEED TO UNDERSTAND

3 REAL ESTATE TERMS SELLERS NEED TO UNDERSTAND

While words like voetstoots and CMA make perfect sense in the mind of a real estate professional, to the average Joe, they make about as much sense as algebra to a six-year-old. Below is a brief glossary to help you understand the important real estate terms involved in the selling your home: 1. Comparative market analysis (CMA) A comparative market analysis is a report that qualified real...

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HOMEOWNERS ENJOY ANOTHER QUARTER OF STABLE INTEREST RATES

HOMEOWNERS ENJOY ANOTHER QUARTER OF STABLE INTEREST RATES

As predicted, the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged until their next meeting in July. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%. “The decision to keep interest rates stable was a predictable move by the MPC. With it being less than a month since the national elections were held, it is understandabl...

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IS YOUR AGENT BREAKING THE POPI ACT?

IS YOUR AGENT BREAKING THE POPI ACT?

Over the past few years, companies have been mining customers’ personal information freely in order to optimise their marketing efforts. Question is, can you trust your real estate agent to keep your personal information safe, or are they in some way breaking the POPI Act? Why Do Real Estate Agents Need My Personal Information? Personal information is an integral part of the real estate...

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HOW MUCH INFLUENCE CHILDREN HAVE ON YOUR HOME BUYING CHOICES

HOW MUCH INFLUENCE CHILDREN HAVE ON YOUR HOME BUYING CHOICES

It is not difficult to understand why good parents factor the needs of their children into their purchasing decisions. But, exactly how much influence do children have on your purchasing decisions? And how much influence should you allow them? How Children Influence Our Choices Global studies have shown that millennial parents are placing increased value on their children when it comes to maki...

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FACTORS SELLERS OVERLOOK WHEN PREPARING FOR A MOVE

FACTORS SELLERS OVERLOOK WHEN PREPARING FOR A MOVE

As exciting as it is to move into a new home, the process can be time consuming and stressful – especially if you have overlooked factors involved in preparing for a move. If it’s been a while since you have last experienced a move, here are a few reminders to help prepare yourself for what lies ahead…  Packing takes longer than you think The worst mistake you can ma...

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SHOULD YOU SELL FIRST, OR BUY FIRST?

SHOULD YOU SELL FIRST, OR BUY FIRST?

Sell your home first and begin searching for your new home thereafter, or buy a home first and then sell your house thereafter? To work out the answer to this sell first or buy first dilemma, you need to ask yourself two questions: (1) what are your financing options and (2) what are the current market conditions? QUESTION 1: HOW ARE YOU FINANCING THE NEW HOME? A) I’m selling my curren...

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HOW TO GET THE MOST OUT OF THE STABLE INTEREST RATE

HOW TO GET THE MOST OUT OF THE STABLE INTEREST RATE

While it is great news that the interest rate has remained stable, the question is, what should you do to get the most of it? The answer is simple: while interest rates remain at 10.25%, homeowners could prepare for the possibility of higher interest rates now rather than wait until it happens. By investing an extra 0.25% of your home loan instalment into an interest-bearing account, you can ad...

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RE/MAX NATIONAL HOUSING REPORT Q1 2019

RE/MAX NATIONAL HOUSING REPORT Q1 2019

According to Lightstone Property data, a total of 39,836 bond registrations were recorded at the Deeds Office over the period of January - March 2019, totalling an amount of R43,880,124,000. This translates into a 5.7% decrease in the amount of bonds registered since the last quarter of 2018. The number of transfers (both bonded and unbonded) recorded at the Deeds Office between January and March...

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VALUE VS APPRAISAL: WHICH VALUE SELLS MY HOUSE?

VALUE VS APPRAISAL: WHICH VALUE SELLS MY HOUSE?

Like the three ghosts of Christmas, you will be faced with three evaluators when you put your property on the market: a real estate agent, an appraiser from a financial institution, and finally, your local government. But, what do they all mean, and which number is the one you ought to be worrying about? General Valuation Roll Based on geographical information and recent sales in your suburb,...

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WAYS YOUR HOLIDAY PLANS CAN HELP YOU BUY A HOME

WAYS YOUR HOLIDAY PLANS CAN HELP YOU BUY A HOME

Though not the most important factor to consider when purchasing a home, the way in which you prefer to spend your long weekends and leave days can help you make a decision when caught between options. Below are the nice-to-have features each kind of holiday-maker might like to add to their property wish list: THE OUTDOOR ENTHUSIAST It would be helpful if a property has a large garage or to...

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