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Why do transfers get rejected at the deeds office?

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

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

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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How to own your own RE/MAX franchise in Southern Africa

How to own your own RE/MAX franchise in Southern Africa

One of the routes to success is owning your own business. You could start a business from scratch, or you could invest in a franchise with a proven business model for success with an established brand recognition – like RE/MAX. It comes with great advantages. All RE/MAX franchises are independently owned and operated and the cost to purchase a franchise is one of the most competitive in the

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Can landscaping influence the value of your property?

Can landscaping influence the value of your property?

First impressions count. When it comes to house hunting, that first impression begins with curb appeal: the moment a buyer turns into your road and steps into your garden. In this article, we’ll look at how landscaping can influence the value of your property. What is landscaping? Landscaping can be a big, intimidating word. All it really means is the process of organising and shaping

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ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

ANOTHER MONTH WITHOUT ANY INTEREST RATE CUTS

Many will undoubtedly be disappointed to hear that the Monetary Policy Committee (MPC) did not choose to cut interest rates at their latest meeting, announcing instead that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement is disappointing. “W

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How to make a new city feel like home

How to make a new city feel like home

Moving house is among the top five life stressors and even more so when the move is not just from one house to another, but to a new city or country. In another article, we discussed how the 80:20 principle plays an important role in choosing a new city and preparing for the move. In this article we’ll give you some useful tips and the odd life hack for putting that preparation – the 8

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The Impact of the Repo Rate on Your Home Loan

The Impact of the Repo Rate on Your Home Loan

If you hold any kind of debt, it is important to keep a close eye on interest rates: as interest rates go up, so do your monthly repayments. The interest rate that your bank charges is based on the repo rate which is set by the South African Reserve Bank (SARB). To help you stay on top of this, we’ll explain what the repo rate is, how it is set, and, critically, its impact on your home loan.

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INTEREST RATES TO HOLD STEADY FOR NOW

INTEREST RATES TO HOLD STEADY FOR NOW

Although not quite the cut most homeowners were hoping for, the Monetary Policy Committee (MPC) announced today that interest rates will remain stable at 8.25% (repo rate), leaving the prime lending rate at 11.75%. While a cut would have created more welcomed relief, Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that this announcement will at least avoid placing f

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RE/MAX NATIONAL HOUSING REPORT Q4 2023

RE/MAX NATIONAL HOUSING REPORT Q4 2023

Another Quarter of Muted Growth The ramifications of high interest rates are still being felt in the fourth quarter of 2023, with fewer transactions occurring and leaving room for only marginal house price appreciation.    According to Lightstone Property data, as at 10 January 2024, the number of transfers (both bonded and unbonded) recorded at the Deeds Office for the period Octo

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What’s involved in a Sole Mandate when selling?

What’s involved in a Sole Mandate when selling?

Before we dive into this topic, it’s important to understand that an estate agent may not sell your – or any property – unless they have a mandate from you, the owner. A mandate gives the property practitioner the legal authority to advertise and present the property to prospective buyers. We have, in other articles, discussed the difference between an open and sole mandate, a

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Choosing a New Hometown: Relocation 101

Choosing a New Hometown: Relocation 101

There are a myriad of reasons why people move to new towns or cities, ranging from retirement and lifestyle choices, to transfers and employment opportunities. Whatever the reason, the key to making it work for you is in your homework. Like so much in life, the 80:20 principle applies. In this case, the 80% is your research (homework) and the other 20% is the actual relocation. In this article

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