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CAN YOU AFFORD A 100% BOND?

CAN YOU AFFORD A 100% BOND?

I’m sure you have heard the advice before, and if you’ve yet to hear it, you can be guaranteed that the words “The sooner you can get into the property market, the better” will echo through your eardrums before you reach the age of 35. But, is it wise to take out a 100% bond just to enter the property market sooner rather than later? For the year ending 31 March 2018, 42...

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RE/MAX BY THE NUMBERS 2017

RE/MAX BY THE NUMBERS 2017

Looking for reasons to choose RE/MAX? Not only did we clench the title of Region the of the Year within the Middle East and Africa category at the 45th RE/MAX annual R4 Convention in Las Vegas, but we also sold more homes in South Africa than any other real estate brand last year. Below are just a few of the reasons why we are able to call ourselves the #1 brand in real estate… Our Local...

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HOW TO TAKE ADVANTAGE OF THE INTEREST RATE CUT

HOW TO TAKE ADVANTAGE OF THE INTEREST RATE CUT

It’s been a month since the interest rate cut was announced by the Monetary Policy Committee (MPC) at their second meeting for the year on 28 March, but what does it all mean for you? Reserve Bank Governo, Lesetja Kganyago, announced that the interest rates would be cut by 25 basis points. In laymen’s terms, this means that the repo rate (the rate at which the Reserve Bank lends mon...

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RE/MAX NATIONAL HOUSING REPORT Q1 2018

RE/MAX NATIONAL HOUSING REPORT Q1 2018

Slow start for the first quarter In the first quarter of 2018, Lightstone data revealed that 31,875 new bonds were registered at the Deeds Office, totaling an amount of R33,666,534. This is down by 5,058 registered bonds since the last quarter of 2017. Data from all the major banks reveal that the average bond amount granted during this period was R1,056 million which is up ever so slightly from...

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HOW THE VAT INCREASE AFFECTS YOU

HOW THE VAT INCREASE AFFECTS YOU

The 1% VAT increase which is set to take effect as of 1 April 2018 has caused much confusion amid sellers and agents alike. As with most before and after transformations, the complication arises in the grey area that lies between the start of a project and the big reveal date. Just as we decide between calling the construction zone the “old lounge” or “new dining room” duri...

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Q4 2017 HOUSING REPORT

Q4 2017 HOUSING REPORT

In the last quarter of 2017, 36 943 bonds were registered at the Deeds Office, totalling an amount of R38 819 406. Data from all the major banks reveal that the average bond amount granted during this period was around R1.051 million, which is down from the R1.11 million seen between July and September 2017. During the last quarter of the year, around 38 630 bonds were cancelled. Of the 52 011 hom...

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TIPS FOR LONG DISTANCE HOME SEARCHES

TIPS FOR LONG DISTANCE HOME SEARCHES

Moving down the road can be a daunting task, nevermind across the country. Whether for family reasons or an employment opportunity, it is not uncommon for people to find themselves in a situation where they may have to relocate to another city or town in another region. While challenging, technology has made the world a smaller place which makes moving across the country - or the world for that ma...

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SPREADING SOME FESTIVE CHEER

SPREADING SOME FESTIVE CHEER

The start of December marks the beginning of the annual RE/MAX Foundation National Toy and Book collection, an initiative aimed at bringing joy to the less fortunate this festive season. Starting from 1 December 2017, the campaign will run until the end of January to ensure that enough time is given to collect as many toys and books as possible. Millions of children from underprivileged backgro...

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FIVE WAYS TO FEEL AT HOME FAST

FIVE WAYS TO FEEL AT HOME FAST

The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home. Here are five tips to get you through the labour-intensive process a little easier: Divide the work You have friends and family who are willing and able to help – get them involved. As the saying goes, many hands...

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INVESTING IN A HOLIDAY HOME

INVESTING IN A HOLIDAY HOME

A holiday home investment provides an escape from the hustle and bustle of city life to enjoy the lifestyle benefits these types of properties offer. With the wide variety of leisure destinations throughout the country, buyers are spoilt for choice when it comes to choosing a location in which to purchase a holiday home. Apart from a getaway that the family can enjoy, a leisure property can als...

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OVERCOMING HOMEBUYING OBSTACLES

OVERCOMING HOMEBUYING OBSTACLES

Submitted an offer and having it accepted by the seller is exciting, but it is certainly not the end of the property sales process. There are a few more obstacles that need to be overcome before the home can change ownership and the keys are handed over. Failing to overcome any of these hurdles could result in the deal falling through and you starting the journey from the first step. Identifyin...

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HOW TO BUILD A CREDIT HISTORY

HOW TO BUILD A CREDIT HISTORY

Those who aspire to buy a property will require a favourable credit record to improve their chances of bond approval. Although lending criteria has softened marginally since the introduction of the National Credit Act (NCA) six years ago, banks are still strict with their lending policy, and it is likely to remain that way. Just as important as a positive credit score is an established credit hist...

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