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Most Recent Buying Articles

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INTEREST RATES CLIMB AS EXPECTED

INTEREST RATES CLIMB AS EXPECTED

Homeowners will have to adjust to higher home loan repayments following the latest announcement by the Monetary Policy Committee (MPC). The repo rate climbs by another 75 basis points to 6.25%, leaving the prime lending rate at 9.75%.  Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that the impact of these interest rate hikes might only be felt next year,

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PINK DAY FUNDRAISER

PINK DAY FUNDRAISER

National Breast Cancer Awareness month exists to spread awareness around early detection and cure – a worthy cause that has the potential to save lives, especially considering that breast cancer is almost always curable if detected early. “This is a cause that hits very close to home for us, which is why we run our annual National Pink Day. On 7 October 2022, we invite our network o

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WHAT ARE THE REQUIRED DOCUMENTS FOR HOME LOAN APPLICATIONS?

WHAT ARE THE REQUIRED DOCUMENTS FOR HOME LOAN APPLICATIONS?

Buying a property and applying for home loans could leave you feeling anxious. There are so many unknowns - what documents do I need, how long does it take to get approval, and should I buy a house by myself or with a partner? Not knowing could make you feel discouraged, and that’s why knowledge is power, especially if you are a first-time home buyer. You can find the answers to most of y

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HOW MUCH SHOULD YOU EARN TO QUALIFY FOR A HOME LOAN IN SA?

HOW MUCH SHOULD YOU EARN TO QUALIFY FOR A HOME LOAN IN SA?

Unless you earned an early inheritance or have been diligently saving for years, applying for a home loan is something you most likely will have to do to buy a house. In South Africa, the bond that prospective homeowners can afford from banks or specialist home loan providers depends on several factors, including things such as your take-home pay, your credit score, and the size of the deposit you

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BUFFINI & COMPANY INTERNATIONAL MENTORS OF THE YEAR 2022

BUFFINI & COMPANY INTERNATIONAL MENTORS OF THE YEAR 2022

For the outstanding achievements in the region, Co-Regional Owners of RE/MAX of Southern Africa, Adrian and Vicky Goslett, were recently awarded the Buffini & Company International Mentors of the Year award at a global event held in San Diego, USA. The pair received the award before the official Buffini & Company Mastermind Summit conference took place on 08-09 August 2022. Over 4000 de

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CAN SOUTH AFRICANS BUY PROPERTY IN OTHER COUNTRIES?

CAN SOUTH AFRICANS BUY PROPERTY IN OTHER COUNTRIES?

Have you ever asked yourself “can I buy property outside of South Africa”? If yes, then you’ve stumbled across the right blog post. There are many reasons why South Africans might seek offshore real estate opportunities. They may want to diversify their investment portfolios or possibly are seeking offshore investments that offer alternative residency (or even citizenship) benefi

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RE/MAX SA LAUNCHES NEW HOT AIR BALLOON

RE/MAX SA LAUNCHES NEW HOT AIR BALLOON

RE/MAX of Southern Africa proudly launched its new hot air balloon at Parkview Golf Club, JHB, on 22 August 2022. The iconic red, white, and blue of the RE/MAX Hot Air Balloon lit up the sky as guests enjoyed an evening of food, drinks, and live music. “We retired our old balloon over two years ago as it had reached the end of its lifespan and its old branding needed to be refreshed,&rdqu

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HOW TO DEAL WITH REAL ESTATE AGENTS WHEN BUYING PROPERTY

HOW TO DEAL WITH REAL ESTATE AGENTS WHEN BUYING PROPERTY

It is a common misconception that a real estate agent solely works for the seller. In fact, they are a great asset to home buyers as well. A skilled agent will not only help you find your dream home, but they will also deal with the negotiations and the paperwork involved in securing the property you desire. While it is not impossible for you to arrange viewings yourself, using an agent will save

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BRACE FOR EVEN HIGHER REPAYMENTS ON YOUR HOME LOAN

BRACE FOR EVEN HIGHER REPAYMENTS ON YOUR HOME LOAN

Debt holders face higher repayments following the latest announcement by the Monetary Policy Committee (MPC). The repo rate climbs by another 75 basis points to 5.5%, leaving the prime lending rate at 9%. Unsurprised by this announcement, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett says that he is interested to see whether this latest hike will affect activity wi

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RE/MAX NATIONAL HOUSING REPORT Q2 2022

RE/MAX NATIONAL HOUSING REPORT Q2 2022

Surprising uptake in Housing Market Activity During a period of global economic uncertainty and a cycle of interest rate hikes, the South African housing market performed surprisingly well during the second quarter of 2022, growing by as much 50% QoQ within certain sales metrics; and, for almost every month this year, the RE/MAX of Southern Africa network also beat its own recording-breaking sa

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PROPERTY TRANSFER COSTS IN SOUTH AFRICA

PROPERTY TRANSFER COSTS IN SOUTH AFRICA

It is very exciting buying a home, whether it’s your first or your next. However, buying a property and signing the Offer To Purchase can also be stressful. To avoid causing any unnecessary additional stress, it’s important to know what costs you’ll incur when you buy a house, above and beyond its asking price. As a rule of thumb, you should allow for between 8% and 10% of the pu

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6 COMMON QUESTIONS ASKED BY FIRST-TIME HOME BUYERS

6 COMMON QUESTIONS ASKED BY FIRST-TIME HOME BUYERS

Buying your first home can be both exhilarating and terrifying at the same time. If you are feeling overwhelmed, know that you are not alone. Navigating the world of property and property finance for the first time can be overwhelming. The best way to overcome this is by asking all the right questions. To help make the home buying process easier for first-time buyers, we’ve answered 6 of

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