Most Recent Buying Articles
TOP TIPS FOR PAYING OFF YOUR PROPERTY BOND EVEN FASTER
When buying a house, very few people can purchase without securing a home loan first. The monthly home loan repayment amount can be quickly estimated using a Bond repayment calculator, but it’s important to remember that there are other costs associated with a home purchase too. From transfer duties to the tax levied, as well as conveyancing, initiation and bond registration fees, the costs
Read more
SHOULD YOU BUY OR BUILD A NEW HOME?
We all love to dream about our perfect home, but is it better to hunt for that already existing property or should you build your very own dream house from scratch? Let's explore this very important question together … What are the advantages of buying a home? If you’ve decided to buy rather than build, here are some of the advantages you can look forward to enjoying: 1.
Read more
WHAT ARE THE BENEFITS FOR FIRST-TIME HOMEBUYERS?
Have you ever wondered if there are any benefits to being a first-time home buyer or if the South African government helps first-time homebuyers in any way? There are a few perks to buying a house in South Africa for the very first time. To start, there is a government subsidy that makes homeownership a reality for those entering the market for the very first time, namely the Finance Linked Indivi
Read more
INTEREST RATES CLIMB EVEN FURTHER
Interest rates continue to climb following the latest announcement by the Monetary Policy Committee (MPC). The repo rate jumps by 25 basis points to 4.25%, leaving the prime lending rate at 7.75%. This comes as no surprise to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, who had predicted that interest rates would climb in response to rising inflation and the global in
Read more
4 TYPES OF PROPERTY INVESTMENTS IN SOUTH AFRICA
The South African property market has plenty to offer both novice and experienced real estate investors alike. Join us as we explore commercial and residential investment options and how to make the most of exciting opportunities when you find them. Golden nuggets of property investment advice “Location, location, location” still rings true, but municipal logistics and future
Read more
RE/MAX SA WINS GLOBAL LUXURY LIFESTYLE AWARD 2 YEARS RUNNING
For the second year in a row, RE/MAX of Southern Africa has claimed the coveted title of Best Real Estate Brokerage in South Africa according to the 14th annual Luxury Lifestyle Awards. These awards recognize excellence across a range of industry sectors worldwide. Last year, RE/MAX was the first to win this award within the region as in previous years, this award category-focused mainly on Ame
Read more
RE/MAX SA NETWORK PERFORMANCE IN 2021
It can be overwhelming deciding who to partner with when selecting a real estate brand. We’re here to make your life a little easier by telling you why RE/MAX agents are the right choice. Whether you are buying, selling, or leasing, RE/MAX has a local real estate advisor who is best equipped to assist. Below are just a few of the reasons why we can call ourselves the #1 brand in real estate.
Read more
HOW THE NEW PROPERTY ACT AFFECTS AGENTS & CONSUMERS
From 01 February 2022, the new Property Practitioners Act officially comes into effect. While this should not affect consumers too drastically, there are a few items of which to be aware before conducting any real estate transactions. Real estate agents will also need to pay close attention to this new act as it will have an impact on how they operate. “There is a lot in this act that jus
Read more
GLOBAL PROPERTY GIANT TURNS 49
Each year, on the 30th of January, RE/MAX offices around the globe celebrate National Balloon & Founders Day. The day serves to acknowledge the official inauguration of the RE/MAX brand that occurred on January 30, 1973. Forty-nine years ago, RE/MAX introduced the concept of the 100% commission model into the real estate environment in Denver, Colorado. Dave Liniger, RE/MAX LLC Co-Founder &
Read more
HOME LOANS GET MORE EXPENSIVE WITH LATEST INTEREST RATE HIKE
We start the year with the second instalment of interest rate hikes following the latest announcement by the Monetary Policy Committee (MPC) to increase the repo rate by 25 basis points to 4%, leaving the prime lending rate at 7.5%. Although aware that a cycle of interest rate hikes was likely to be in the cards for 2022, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett wa
Read more
RE/MAX NATIONAL HOUSING REPORT Q4 2021
Housing Market Activity Subsides The fourth quarter of 2021 revealed a change in tide for the property market, either owing to seasonality or to the start of an equilibrium following the first interest rate hike since the pandemic hit in 2020. According to Lightstone Property data, a total of 41,085 bond registrations were recorded at the Deeds Office over the period October to December 2021
Read more
HOW LONG DOES IT TAKE BANKS TO APPROVE A HOME LOAN IN SOUTH AFRICA?
Getting a home loan is one of the most important steps to becoming a property owner. But how does the bond application process work and how long does it take banks to approve a home loan in South Africa? We’re glad you asked! Firstly, it’s important to note that the amount of time it will take for approval can vary from person to person and bank to bank. This is because a home loan app
Read more