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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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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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