Most Recent Buying Articles
CONSUMERS FEEL THE PINCH AS INTEREST RATES RISE AGAIN
Debt holders are sure to feel the pinch following the latest announcement by the Monetary Policy Committee (MPC) to increase the repo rate by a further 50 basis points to 8.25%, leaving the prime lending rate at 11.75% – the highest it has been since 2009. Unsurprised by this announcement, Regional Director and CEO of RE/MAX of Southern Africa Adrian Goslett says that managing debt will b
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Working out the interest on my home loan
In South Africa, interest rates can fluctuate from time to time. It is important to know what this means for your monthly expenses, especially for the big-ticket items like home loans, vehicle finance agreements and credit cards. What is interest? Before we look at how to calculate the interest you pay on a loan, let’s understand what “interest” means. In general terms,
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WHAT IS A PROPERTY TITLE DEED?
Much like the registration papers for your car that records its make, model, year, chassis number, and owner’s details, a property title deed covers all the important details of the home. The title deed is the legal document that proves that you (or the bank through whom you’ve taken your home loan) own your home and that the property is registered in your name. When you buy or sell
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SECURING YOUR RENTAL INVESTMENT: HOW TO CHOOSE THE RIGHT TENANT
Integral to ensuring a return on your investment (ROI) in a rental property is finding and retaining the right tenants. Whether it’s a commercial or residential property, South African landlords should rely on the expertise of a rental agent to help them find the perfect tenant. Start with market research to price your rental unit Understanding the local rental market is crucial for bo
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RE/MAX NATIONAL HOUSING REPORT Q1 2023
Market Conditions Cool Down Following a season of unprecedented activity, the South African property market seems to have entered a cooling off period, largely owing to the steep incline of interest rates. According to Lightstone Property data, as at 11 April 2023, a total of 31,632 bond registrations were recorded at the Deeds Office for the period January to March 2023. The RE/MAX National
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HOW TO PREPARE YOUR HOME FOR VIEWING APPOINTMENTS
With your decision to sell comes the challenge of making your property stand out from the crowd. This means making it as attractive as possible to potential buyers. Property viewings happen in one of two ways – either by a private viewing appointment or on a public show day. Either way, there’s much to do ahead of any viewing, and most of that work happens even before your property goe
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ONE LAST INTEREST RATE HIKE?
No relief for debt holds as the Monetary Policy Committee (MPC) announced today that the repo rate will climb by a further 50 basis points to 7.75%, leaving the prime lending rate at 11.25%. This will be the ninth consecutive hike since November 2021. Thankfully, Regional Director and CEO of RE/MAX of Southern Africa Adrian Goslett along with other financial experts remain hopeful that interest
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WHY DO SELLERS & BUYERS CONDUCT HOME INSPECTIONS?
Thorough and professional home inspections are a way of making sure that no nasty (expensive and stressful) surprises jump out at either the seller or the buyer. This way, everybody knows what they’re in for. If the deal has been signed and sealed without any inspections, it’s too late and sometimes there is the potential for future legal complications, unforeseen costs and general unp
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BRINGING FOOD & WATER TO THOSE IN NEED ON UN WORLD WATER DAY
Save Our Schools (SOSNPO) launches a perennial initiative entitled ‘Water in the Sky’ on United Nations World Water Day, Wednesday 22nd March, at Bloekombos Secondary School. The project will implement the development of vital water infrastructure and water-conscious vegetable gardens in a bid to feed the hungry, protect groundwater resources and welcome employment opportunities for th
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HOW TO PREPARE FOR INTEREST RATE HIKES: A GUIDE FOR SOUTH AFRICAN HOMEOWNERS
As a South African homeowner, you’re probably very well aware that changes to interest rates can have a significant impact on your home loan and, of course, your overall financial wellbeing. While a challenging economy and recent interest rate hikes may have you feeling a little worried, it’s important to know that there are measures you can take to reduce the impact of these increases
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RE/MAX SA LAUNCHES RADIO CAMPAIGN
From 06 March 2023, RE/MAX of Southern Africa will be airing a one-month radio campaign on Algoa FM, Smile FM, East Coast Radio, and Jacaranda FM, featuring well-known South African comedian, Alan Committie. “Being on radio is a great way for us to reach consumers, especially now that everyone is getting back into the routine of regular school runs and the commute to the office,&rdq
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HOW TO SHOW YOUR LOCAL COMMUNITY SOME LOVE
If the worsening load-shedding schedules and rising interest rates are leaving you feeling negative, why not use the month of February as an opportunity to flip the script and spread some much-needed love and positivity? In the spirit of Valentine’s Day, the RE/MAX of Southern Africa network hosts a national Show Your Love campaign to encourage both their agents and the general public to
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