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MPC ANNOUNCES GREAT NEWS FOR HOUSING MARKET:  INTEREST RATES LOWERED

MPC ANNOUNCES GREAT NEWS FOR HOUSING MARKET: INTEREST RATES LOWERED

The Monetary Policy Committee (MPC) announced today that interest rates will be lowered by 25 basis points. The prime lending rate therefore changes to 10% and the repo rate drops to 6.5%. “With a 3.2% decline in our GDP for the first quarter of 2019 and with inflation being contained within the mid-point of the MPC’s target range, there really could not have been a more opportune t...

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RE/MAX NATIONAL HOUSING REPORT Q2 2019

RE/MAX NATIONAL HOUSING REPORT Q2 2019

Signs of an Increasingly Active Property Market The overall sentiment of current market conditions is, well, slow at best. However, the data for the second quarter of 2019 provides the first glimmers of hope for a property market that is becoming increasingly active. According to Lightstone Property data, a total of 45,109 bond registrations were recorded at the Deeds Office over the period...

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WHAT THE RE/MAX BRAND STANDS FOR

WHAT THE RE/MAX BRAND STANDS FOR

Curious to know how the RE/MAX brand was able to develop into the world’s largest real estate franchise? Apart from our unique entrepreneurial business model that allows real estate professionals to join as independent contractors and our 100% commission offering, RE/MAX has developed our own corporate formula to portray what our brand stands for and to signify the sorts of people we would l...

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WILL THE RESIDENTIAL MARKET SURVIVE THE NEGATIVE ECONOMY

WILL THE RESIDENTIAL MARKET SURVIVE THE NEGATIVE ECONOMY

The state of the South African economy does not bode well for the property market. On Tuesday 04 June 2019, Stats SA announced a 3.2 percent decline in GDP for the first three months of the year, which is the largest quarterly drop in a decade. The questions is, will the housing market survive this downturn?  According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Afri...

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ARE REAL ESTATE AGENT COMMISSIONS TOO HIGH?

ARE REAL ESTATE AGENT COMMISSIONS TOO HIGH?

When choosing a doctor to perform open-heart surgery on you, how do you go about choosing the doctor? What if the cheapest option explained that their reason for being affordable is that you will need to do most of the procedure yourself – much like some low-cost real estate operators do. They will provide you with all the tools and equipment you need, as well as a video tutorial, but will n...

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4 QUICK TIPS TO SELL YOUR HOME DURING WINTER

4 QUICK TIPS TO SELL YOUR HOME DURING WINTER

The skies are dark and ominous, the air is icy and the ‘For Sale’ sign is dripping in the driveway in front of your showhouse. Selling in Winter certainly has its drawbacks. If you are going to sell your home during the snuggle season, then you need to be aware of certain practicalities … 1) LURE BUYERS OVER WITH A STRIKING ONLINE LISTING Buyers’ habits change accordin...

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PREDICTIONS FOR THE HOUSING MARKET POST-ELECTION

PREDICTIONS FOR THE HOUSING MARKET POST-ELECTION

South Africans were able to cast their vote at polling stations across the country at the 2019 National elections on 8 May. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, this day holds the potential of being the turning point around which the housing market will begin its long-term recovery.     “Owing to the uncertainty that buil...

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3 WAYS TO GIVE BACK WITHOUT SPENDING MONEY

3 WAYS TO GIVE BACK WITHOUT SPENDING MONEY

Winter is by far the hardest season for a large portion of our population who are living on the bread line and without a solid roof over their heads. According to Stats SA’s General Household Survey report for 2017, 10,4% of households were vulnerable to hunger in 2017 and almost 20% of the population were living outside of the formal housing sector. As a way of giving back this Winter, R...

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HOW TO ADJUST TO YOUR NEW NEIGHBOURHOOD

HOW TO ADJUST TO YOUR NEW NEIGHBOURHOOD

Have you ever pulled into your driveway at home and suddenly realised that you have no recollection of the journey from the office to your doorstep? That’s because your routines can become so familiar that you are able to do them in auto-pilot mode. The problem arises when you move to a new neighbourhood and you go to unlock your front door and your keys no longer fits the locks…&nbsp...

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THE RISKS INVOLVED IN PURCHASING A DISTRESSED PROPERTY

THE RISKS INVOLVED IN PURCHASING A DISTRESSED PROPERTY

The term distressed properties refers to homes that have been put onto the market because the homeowner has fallen into some sort of financial peril and needs to be rescued from his/her debt. Rather than avoid these sales, buyers could potentially pick up a bargain. And, in so doing, help save somebody from their own financial troubles. The key with all these properties is to remember that you...

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HOW TO SELL MY HOME FAST IN A SLOW MARKET

HOW TO SELL MY HOME FAST IN A SLOW MARKET

Whether you are immigrating soon or simply need the funds to purchase a new property before your OTP expires, sometimes the need exists to sell as fast as possible. But, what are the things I can do to sell my home fast even when market conditions are slow? Sign a sole mandate to sell fast Many sellers have the misconception that the more agents you have marketing your home, the better your ch...

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3 REAL ESTATE TERMS SELLERS NEED TO UNDERSTAND

3 REAL ESTATE TERMS SELLERS NEED TO UNDERSTAND

While words like voetstoots and CMA make perfect sense in the mind of a real estate professional, to the average Joe, they make about as much sense as algebra to a six-year-old. Below is a brief glossary to help you understand the important real estate terms involved in the selling your home: 1. Comparative market analysis (CMA) A comparative market analysis is a report that qualified real...

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