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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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PREDICTIONS FOR THE 2019 PROPERTY MARKET

PREDICTIONS FOR THE 2019 PROPERTY MARKET

Last year was a tumultuous one, from newly instated presidents to economic recessions, ever-rising fuel costs, interesting IT revelations from SARS and a few more Finance Ministers. As we enter the new year, the question for real estate investors as well as everyday citizens now becomes: What awaits us in 2019?   “Not surprisingly, a lot will hinge around the outcome of the 2019 elec...

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STIMULATE THE ECONOMY THROUGH TAX BREAKS FOR FIRST-TIME BUYERS

STIMULATE THE ECONOMY THROUGH TAX BREAKS FOR FIRST-TIME BUYERS

The state of the South African economy has been on a downward spiral that has culminated in a technical recession announced in September this year. While the South African government has no control over global market conditions, it does have the power to promote economic growth by implementing strategies to stimulate investor confidence and consumer spending in their own country.   ...

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3 BUDGET-FRIENDLY WAYS TO ENTERTAIN FROM HOME

3 BUDGET-FRIENDLY WAYS TO ENTERTAIN FROM HOME

Out of the 261 working days this year, most of us are eagerly anticipating those few December leave days that we’ve worked so hard for. Unfortunately, many of us forget to think ahead and ensure that money has been set aside to allow us to make the most of the holiday season. If you happen to find yourself in this same hopelessly undersupplied boat sailing towards holiday bankruptcy, here ar...

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5 HOUSEHOLD EXPENSES THAT INCREASE OVER THE HOLIDAYS

5 HOUSEHOLD EXPENSES THAT INCREASE OVER THE HOLIDAYS

‘Tis the season of annual leave, Christmas gifting, and school holidays. For most of us, this means that a whole new budget needs to be drawn up to accommodate all the once-off expenses that come with these perks of the season. Rather than ruining your credit score on a month of lavish spending, it is advisable to set up a budget before December starts so that you do not have to resort to pu...

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