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Interest rates remain unchanged

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Good news for bondholders and prospective buyers! The Reserve Bank announced on Thursday, 30 March, that it was keeping the repurchase rate unchanged at 7.0% per annum. With the repo rate now set to stay at this level for at least another two months and the prime rate at 10,5%, this is very encouraging to property […]

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Want to know what you can buy for?

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Why not find out how much the banks will offer you? BetterLife Home Loans is the largest mortgage originator in South Africa. With more than 15 years’ experience in helping home owners purchase their dream homes, they have established preferential relationships with SA’s biggest banks. They know exactly what information is required by each bank to […]

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Oudtshoorn’s property market is blooming

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A whopping 332 registrations at  the Cape Town Deeds Office in 2016 Since 2012 I have been analysing our local property market to enable me to give accurate valuations and to best serve my buyers and sellers. The interpretations below are estimates and based on the registration of erven properties at the Deeds Office.  They do […]

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The property transfer process

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On receipt of a signed and accepted Offer to Purchase a Sales Agreement has been reached. The property can be transferred, and once transferred and registered the owner has an unassailable right to the property that cannot be overturned by anyone. The seller remains the official owner until the property is transferred into the buyer’s […]

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When is Transfer Duty payable?

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Transfer Duty is a tax payable to SARS by all buyers of properties. It is over and above the selling price and forms part of the transfer fees payable to the transferring attorneys. From 1 March 2017 the threshold has been raised to R900 000 from the previous R750 000 (there is no Transfer Duty […]

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