Most Recent Buying Articles
AVOID THESE REAL ESTATE INVESTMENT MISTAKES
Investing in property is much like running any other business, in that it requires research, conscientiousness and an acute attention to detail. As with owning a business, a property investor needs to capitalise on opportunities in the market and more importantly minimise their potential for making costly mistakes. There are certain mistakes that property investors could make that would be more deRead more
AVOID BUYER’S REMORSE
According to studies, nearly 80% of homebuyers have at least one significant regret regarding their property purchase decision. Many homebuyers get caught up in the emotional journey of purchasing a property and sometimes overlook certain important elements. It is once they have moved into their new home, and everything has settled that the reality of the situation sets in and they start to see thRead more
ARE 30 YEAR BONDS WORTHWHILE?
To lower your monthly bond repayment, you might be considering financing a bond over a period of 30 years. However, before you do, carefully consider the financial impact of the additional interest charged over the longer term loan period. You will pay far less interest if you opt for the more traditional 20-year bond. A 30-year bond can look like an attractive option, especially with the lowerRead more
PROPERTY – ASSET OR EXPENSE?
Is property an asset or expense? At first glance, the question seems to be simple to answer, of course, property is an asset. However, there is more to it than initially meets the eye. When looking at a primary residence, whether the home is an asset will be determined by whether the value of the property is appreciating or depreciating. There are several factors that will have an influence onRead more
PROPERTY VALUE AFFECTS RATES AND TAXES
Each month homeowners receive a bill for the rates and taxes applicable to their property, but what are these municipal rates used for and how is the amount worked out? Municipal property rates are financial liabilities that owners of immovable property are required to pay monthly for basic services that their local municipality provide. Some of these services include maintenance of roads, streRead more
QUESTIONS TO ASK THE CONVEYANCING ATTORNEY
Ownership of a property takes more than a signature on an Offer to Purchase or for that matter the payment of the purchase price. The property needs to go through the process of transfer and needs to be registered in the new buyer’s name at the Deed Registry Office, which is where the services of a conveyancing attorney are required. Buying a home can be complicated, and there are sRead more
SELECT THE RIGHT ATTORNEY FOR TRANSFER
Working with the right attorney during a property sales transaction can make all the difference to how long and cumbersome the process can be. During the property transfer and registration process, there are usually three different conveyancers involved – a bond attorney, bond cancellation attorney and the transferring attorney. The bond attorney represents the bank or financial institutiRead more
SUBMITTING AN OFFER
Finding the right home is only one step in the process to becoming a homeowner. Once you have narrowed down the search and found the home that meets your criteria, the next step is to put pen to paper and make an offer to purchase. While some may find this a rather overwhelming undertaking, following a few simple guidelines will make it a far less daunting experience. What is an OTP? An offerRead more
TIPS ON INVESTING IN YOUR FIRST PROPERTY
When deciding on investing in property for the first time, there a few key elements that investors should take into consideration, such as whether they are investment-ready and well informed on all the available options. Purchasing a property is a major commitment that should be carefully evaluated regarding your life plans and financial situation both currently and in the future. As a first-tiRead more
CONVEYANCING ATTORNEYS – THEIR ROLE IN A PROPERTY TRANSACTION
The change of ownership of an immovable doesn’t happen when the Offer to Purchase is signed, or even when the purchase price is paid to the seller. Rather, for ownership to change hands, the property needs to go through a registration process at the deeds office, where the home is transferred into the new owner’s name – this process requires the services of conveyancing attorneysRead more
WHY IS HOMEOWNER’S INSURANCE SO IMPORTANT?
For most, their home will be the largest financial asset they will ever own, which is why homeowner’s insurance is imperative. In most cases, the bank will take out the homeowner’s insurance on behalf of the new homeowner, and the monthly premium can be debited to the home loan account and paid with the monthly bond repayments. However, if the homeowner would prefer, they canRead more
WHAT IS THE RE/MAX BRAND TO YOU?
These are comments we’ve heard over the last 20 years, and they’re simply not true. 1. “You can only join them as an independent contractor.” 2. “At that company, they eat their young. You’re left to fend for yourself.” 3. “More like Feemax than RE/MAX.” Let's set the record straight and give you the lowdown: 1. It is true thRead more