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HOW AGENTS DETERMINE AN ASKING PRICE

HOW AGENTS DETERMINE AN ASKING PRICE

While it is possible for homeowners to research certain information online, it is very difficult to accurately value your property without having the specific area knowledge, real estate experience and market savvy to set a realistic asking price. Here are a few elements that real estate agents look at when determining the right, most competitive asking price for a home: Interpreting past sa...

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‘TIS THE SEASON OF GENEROUSITY

‘TIS THE SEASON OF GENEROUSITY

It is estimated that over 13,000 children live in residential care facilities and well over 10,000 more live on the streets of South Africa. When thinking in these terms, it can feel overwhelming to consider making any kind of meaningful difference to the situation. However, according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, if we each just contribute in our ow...

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WHY ITS IMPORTANT TO CHECK YOUR AGENT’S CREDENTIALS

WHY ITS IMPORTANT TO CHECK YOUR AGENT’S CREDENTIALS

Similarly to how one might expect a doctor to display his / her degree on the wall of their office, professional real estate agents should be more than willing to provide evidence of their credentials when doing business with you. If not, you might be dealing with a non-registered estate agent. “Did you know that if your agent doesn’t have a valid Fidelity Fund Certificate (FFC), yo...

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LIVE IN ONE OF THE TRENDIEST NEIGHBOURHOODS IN THE WORLD

LIVE IN ONE OF THE TRENDIEST NEIGHBOURHOODS IN THE WORLD

In terms of tourist destinations, South Africa is a treasure trove of hidden gems. One such jewel is the quaint suburb of Kalk Bay, named one of the “coolest neighbourhoods around the world” in an article published by Forbes last year. The many boutique stores, iconic Olympia Café and Dalebrook rock pool, along with many other fantastic restaurants, incredible surf opportunities...

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UNPACKING THE RENTING TREND ACROSS THE GLOBE

UNPACKING THE RENTING TREND ACROSS THE GLOBE

Twenty years ago, purchasing property was an unquestioned right of passage towards which every household strived. Today, households across the globe are choosing to remain in the rental market rather than own their own property. “There are several reasons why households choose to rent, affordability being one of the key determining factors for reaching this decision. Within the South Afri...

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MPC ANNOUNCES STABLE INTEREST RATES

MPC ANNOUNCES STABLE INTEREST RATES

The Monetary Policy Committee (MPC) announced today that the prime lending rate will remain at 10% and the repo rate at 6.5%. This follows from a period of wins and losses for the South African economy. CPI slowed to 4,1% in September from 4,3% in August. However, Moody’s also gave South Africa a negative outlook for its investment grading and lowered its economic growth outlook for the coun...

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ANOTHER AGENT ADDED TO THE CIRCLE OF LEGENDS

ANOTHER AGENT ADDED TO THE CIRCLE OF LEGENDS

Roma Naudé, Broker/Owner of RE/MAX Property Merchants, qualified for the prestigious Circle of Legends Award, the second highest achievement within RE/MAX, in April 2019. She is the sixth person to receive this award within the Southern Africa Region. Providing a little background to her journey towards achieving this milestone, Naudé explains that, equipped with an Honours degree...

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RAISING AWARENESS AROUND MEN’S HEALTH THIS NOVEMBER

RAISING AWARENESS AROUND MEN’S HEALTH THIS NOVEMBER

South Africa’s largest real estate brand is about to get a lot hairier this November. In an effort to raise funds and awareness around various men’s health issues, including testicular and prostate cancer, RE/MAX of Southern Africa has challenged its network to grow their moustaches (ladies are encouraged to grow their leg hair) over the course of November in support of this cause.&nbs...

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THE DIFFERENCE BETWEEN VALUE & MARKETABILITY

THE DIFFERENCE BETWEEN VALUE & MARKETABILITY

The most common mistake sellers make is failing to distinguish between the actual value of their home and its current marketability. While the value of a property is determined by things such as its size, features and the readiness of buyers to purchase homes of this kind, marketability is more about the readiness of the property to be sold and relates to aspects such as the home’s condition...

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HOW REPEAT BUYERS CAN FINANCE THEIR NEW HOME

HOW REPEAT BUYERS CAN FINANCE THEIR NEW HOME

Most repeat buyers rely on the equity from the sale of their first home to finance their new home. However, the process of cancelling one home loan to take out another is not always simple. It is therefore advisable to arrange a consultation with a bond originator to help you better understand how to go about the process. While experienced real estate professionals will be able to outline the g...

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WHAT CAN I CHANGE WHEN PURCHASING OFF-PLAN

WHAT CAN I CHANGE WHEN PURCHASING OFF-PLAN

Much like the virtual world of Sims, the real world also presents the option between unleashing your creativity on a spot of vacant land or popping a pre-designed house onto a plot and making it your own. One of the many enticing factors of purchasing a property off-plan is that you get a say in how the final product will look. The question is, how much can you change when purchasing a property of...

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WILL ADDING STORAGE HELP ME SELL?

WILL ADDING STORAGE HELP ME SELL?

Being organised is the new fad of homeownership. Sellers who take advantage of this trend could potentially increase their property’s value and appeal to potential buyers. If your property is lacking storage space, get creative with what you have and add inexpensive built-in features to make your existing storage space more practical and appealing. If you are selling your home, below are...

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