Most Recent Buying Articles
TIPS ON INVESTING IN YOUR FIRST PROPERTY
When deciding on investing in property for the first time, there a few key elements that investors should take into consideration, such as whether they are investment-ready and well informed on all the available options. Purchasing a property is a major commitment that should be carefully evaluated regarding your life plans and financial situation both currently and in the future. As a first-ti...Read more
USING A BOND ORIGINATOR
The process of applying for a home loan can be involved and often time-consuming, which is why so many would-be homeowners choose to make use of a bond origination company to assist them. Bond originators have several services that will help buyers navigate the bond application process more efficiently. As experts in their field, a bond originator will be able to assess the buyer’s financ...Read more
PROS AND CONS OF BUYING A PROPERTY THROUGH A TRUST
A trust is a legal entity created by a trust founder that can be used to purchase and own property. Once a trust is created, all assets are placed into the trust by either the trust founder donating the assets to the trust or the trust buying the assets. If the assets are donated to the trust, then a donation tax will need to be paid based on the value of the assets. If the trust purchases the ass...Read more
CONVEYANCING ATTORNEYS – THEIR ROLE IN A PROPERTY TRANSACTION
The change of ownership of an immovable doesn’t happen when the Offer to Purchase is signed, or even when the purchase price is paid to the seller. Rather, for ownership to change hands, the property needs to go through a registration process at the deeds office, where the home is transferred into the new owner’s name – this process requires the services of conveyancing attorneys...Read more
WHY IS HOMEOWNER’S INSURANCE SO IMPORTANT?
For most, their home will be the largest financial asset they will ever own, which is why homeowner’s insurance is imperative. In most cases, the bank will take out the homeowner’s insurance on behalf of the new homeowner, and the monthly premium can be debited to the home loan account and paid with the monthly bond repayments. However, if the homeowner would prefer, they can...Read more
SECTIONAL TITLE VS FREEHOLD OWNERSHIP
Several reasons have contributed to the growing popularity of sectional title living in South Africa, such as heightened security, affordability and a more communal way of life. However, as popular as it may be, sectional title ownership remains highly misunderstood when it comes to ownership responsibilities and legalities. To fully understand the differences between sectional title and tradit...Read more
WHAT IS THE RE/MAX BRAND TO YOU?
These are comments we’ve heard over the last 20 years, and they’re simply not true. 1. “You can only join them as an independent contractor.” 2. “At that company, they eat their young. You’re left to fend for yourself.” 3. “More like Feemax than RE/MAX.” Let's set the record straight and give you the lowdown: 1. It is true th...Read more