Most Recent Buying Articles
FIRST INTEREST RATE CUT IN OVER 2 YEARS
To the relief of all debt holders, the Monetary Policy Committee (MPC) announced today that interest rates will drop by 0.25%, bringing the repo rate to 8% and the prime lending rate to 11.5%. “This cut will create much welcomed relief,” says Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett. Looking at how this decision will affect the housing market overall, h
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Estate Agents’ Commission Ins and Outs
Selling your home is an important financial – and often emotional – decision. Property transactions also involve complex legal processes associated with the contract to sell and register the property into the new owner’s name, not to mention marketing the property so that you get the optimum price. A real estate agent works with property sellers to market the property and once
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RE/MAX NATIONAL HOUSING REPORT Q2 2024
The second quarter of 2024 was filled with anticipation as South Africans cast their votes on 29 May and celebrated the outcome of the Government of National Unity announced on 19 June. “With so much going on this quarter, it can be expected that growth within the local housing market would remain subdued until there was greater clarity on the way forward,” says Adrian Goslett, Regi
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A Beginner’s Guide To Flipping Houses
Property is a great long-term investment strategy. And, although riskier, house flipping can also be a great short-term investment strategy. However, like all investments, one needs to know how to do it in a way that maximises your return and minimises the potential risk for loss. What is house flipping? When the motivation for a house purchase is with the specific goal of fixing it up and r
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RE/MAX SA Claims Luxury Lifestyle Award 2024
RE/MAX of Southern Africa has won the title of Best Luxury Real Estate Agency in South Africa for the 2024 Luxury Lifestyle Awards. The coveted LLA highlights the exceptional service and expertise that RE/MAX of Southern Africa brings to the real estate market. Today, RE/MAX of Southern Africa operates in six countries. With over 3,000 agents working from more than 170 offices, the company
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Another month without any interest rate cuts
The Monetary Policy Committee (MPC) announced at their latest meeting that interest rates will remain unchanged at 8.25% (repo rate) and the prime lending rate at 11.75%. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, growth within the property market will remain muted until the rate cuts materialise, which many economists predict might occur in September o
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GETTING TO GRIPS WITH THE VALUE OF YOUR PROPERTY
Apart from being your home, property is also an investment. For a range of reasons, you may want to ascertain the value of your asset from time to time. In this article, we’ll look at the reasons why regular updates about the value of your property can be useful, how the resale value is determined, and how to go about finding out the current value of your home or property. What is the dif
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Franchise VS Own Business: Weighing the Pros and Cons
Starting and owning a business may well be your dream but remember: behind many a successful entrepreneur is at least one failed business. Often more than one. In an economy where unemployment is high, the logical thing to do is to create your own job. However, that’s easier said than done and comes with significant risks. In this article, we’ll unpack the significant advantages of buy
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RE/MAX SA RAKES IN AWARDS
The year has been filled with achievements for RE/MAX of Southern Africa. The brand has claimed numerous awards since the year began and are nominated to win more in the months to come. In April 2024, the RE/MAX SA anamorphic billboard campaign was named "Best OOH" at the MMA South Africa Smarties Awards. Special thanks to Mark1, Innovocean, and Hivestack for helping RE/MAX SA bring t
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Why do transfers get rejected at the deeds office?
Waiting for confirmation that your new home is actually yours – registered in your name – is a little like waiting for a new baby to arrive. There’s lots of happy anticipation tinged with worry. Usually, nothing goes wrong. But sometimes it does. The same can happen with a property transfer. In this article, we’ll look at the process that the Deeds Office follows to registe
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INTEREST RATES TO REMAIN AT RECORD HIGHS
The Monetary Policy Committee (MPC) announced yet another disappointing outcome at their latest meeting, with interest rates remaining stable at 8.25% (repo rate) and the prime lending rate at 11.75%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement will be a bitter pill to swallow for most South Africans. “Although it has been predicted
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RE/MAX national housing report Q1 2024
Despite a multitude of factors working against it, the South African property market remains surprisingly active in the first quarter of this year; but house price growth remains hampered by broader economic conditions. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa expected there to be slow growth in face of the external factors, including record-high interest rates, ri
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