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HOW TO LOWER THE INSTALMENTS ON YOUR HOME LOAN

HOW TO LOWER THE INSTALMENTS ON YOUR HOME LOAN

Looking for ways to cut back on your expenses? One trick you could try is to request that your bank reduce the interest rate on your home loan. Admittedly, it is a bit of a long shot. Only a few banks would be willing to provide this service and will only grant it provided that the debtor has shown an impeccable payment record. But, if you are successful, you stand the chance to save thousands!...

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HOW THE STATE OF THE ECONOMY AFFECTS SELLERS

HOW THE STATE OF THE ECONOMY AFFECTS SELLERS

Not all of us have a degree in economics. Understanding how external forces within the greater economy impact the price of property can be confusing. But, if you are in the market, then you do need to grasp its ebbs and flows or face the risk of being dragged under with its undercurrents. UNDERSTANDING DEMAND VS SUPPLY The main principal that contributes to growth in property prices is the sam...

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MPC ANNOUNCES GOOD NEWS FOR HOUSING MARKET:  INTEREST RATES UNCHANGED

MPC ANNOUNCES GOOD NEWS FOR HOUSING MARKET: INTEREST RATES UNCHANGED

To the relief of all South Africans, the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged until their next meeting in May. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%. “The decision to keep interest rates unchanged is a relief for South Africans, as well as for the state of the South African housing market. With on...

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HOW TO CHOOSE LIFE COVER FOR YOUR BOND

HOW TO CHOOSE LIFE COVER FOR YOUR BOND

Applying for a home loan is an exciting time in any person’s life. Preoccupied with your new beginnings, the last thing that comes to mind is what will happen in the event of your untimely death. But, while you might not be thinking about it, the financial institution with whom you’re dealing certainly will be. WHY DO I NEED IT? Life cover is the assurance most financial institutio...

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RE/MAX BY THE NUMBERS 2018

RE/MAX BY THE NUMBERS 2018

Looking for reasons to choose RE/MAX? Below are just a few of the reasons why we are able to call ourselves the #1 brand in real estate… OUR LOCAL FOOTPRINT RE/MAX of Southern Africa has over 2,000 agents operating from over 160 offices, servicing over 3,000 suburbs, and licensed in five countries in Southern Africa. In the last six years, we have grown by 640 sales associates. Despite...

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WHAT THE PROPERTY MARKET HOPES TO HEAR IN THE NATIONAL BUDGET SPEECH

WHAT THE PROPERTY MARKET HOPES TO HEAR IN THE NATIONAL BUDGET SPEECH

Finance Minister Tito Mboweni will make his debut National Budget speech in Parliament today. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the National Budget speech has a profound impact on the property market as it sets the scene for what can be expected for our economy in the year ahead. “Considering how closely linked the property market is to t...

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HOW TO AFFORD A HOME LOAN ON A SINGLE INCOME

HOW TO AFFORD A HOME LOAN ON A SINGLE INCOME

Being on the market is never easy. But, if you stay focused, you won’t be on the market for long – well, at least not when it comes to property. Many believe that owning property on a single income just is not possible. But, the over 40,000 single females and over 35,000 single males who have already purchased property across South Africa in 2018 will beg to differ. While it might b...

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HOW TO BREAK UP WITH A LAZY ESTATE AGENT

HOW TO BREAK UP WITH A LAZY ESTATE AGENT

After the initial months of being flattered with high prices and wooed over with glistening listing brochures, the honeymoon phase with your real estate agent soon comes to its inevitable end. Eventually, you can’t help but consider other options … FALLING FOR THE WRONG AGENT All too often sellers make the mistake of choosing an estate agent based purely upon price, asking quest...

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MPC ANNOUNCES INTEREST RATES WILL REMAIN UNCHANGED

MPC ANNOUNCES INTEREST RATES WILL REMAIN UNCHANGED

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%. “South Africans should celebrate this small victory by doing what they can to pay off their pre-existing debts as aggressively as possible while interest rates remain stable,&rd...

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RE/MAX NATIONAL HOUSING REPORT Q4 2018

RE/MAX NATIONAL HOUSING REPORT Q4 2018

A Stable & Steady Quarter Ending the year with roughly as many positive outlooks as there were negative, it is unsurprising that the fourth and final quarter of 2018 would yield slow but steady results. However, without any curve ball spikes in numbers, and with most figures revealing shoots of minor growth, the fourth quarter could easily be described as good news to the risk averse invest...

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ARE YOU CUT OUT FOR A CAREER IN REAL ESTATE?

ARE YOU CUT OUT FOR A CAREER IN REAL ESTATE?

A career in real estate can potentially be one of the most lucrative professions a person can pursue. But, not many real estate groups set up stalls at career days, nor is the profession advocated for by many teachers and parents. Most agents enter the profession purely by chance – and this ‘chance’ usually takes the form of an encounter with an old acquaintance who happens to be...

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WHEN SHOULD I EXPECT MY ADULT CHILD TO MOVE OUT?

WHEN SHOULD I EXPECT MY ADULT CHILD TO MOVE OUT?

Approximately one in two 18-34 year-olds live at home with parents. As a parent, that means you have a 50/50 chance that your teenager is going to end up living with you for much longer than you might have expected ... THE REASON BEHIND THE DELAY The discrepancy between entry-level salaries and the rising cost of living is one of the largest contributing factors for this delay in leaving the n...

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