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Property inspections help avoid painful experiences

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Purchasing or building a home is an emotional process! Through the process of property inspections, Independent Property Inspectors (IPI) help South African property buyers avoid the painful lesson of hind sight. A property inspection is the process by which an inspector visually examines the readily accessible systems and components of a home and describes those […]

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Munisipaliteite mag nie meer dienstegeld vooruit hef nie

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Court of Law

Die Appèlhof in Bloemfontein het onlangs beslis munisipaliteite mag verkopers van eiendom nie meer tot ’n jaar se dienstegeld vooruit laat betaal voordat ’n klaringsertifikaat vir die oordrag daarvan uitgereik word nie. Dit is tot voordeel van die eiendomsmark, sê Aidan Kenny, direkteur en eiendomspesialis van Werksmans Attorneys. “Dit is goeie nuus as ’n mens […]

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Sellers and mandates

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Mandates and sellers

Estate agents may not offer your property for sale unless you have given them a mandate. “Mandate” means an instruction or an authority given to, and accepted by, an estate agent to render an estate agency service. Estate agents may not market a property at any price: you must agree to it. Also, they may […]

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Transfer and bond registration costs explained

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Transfer Costs These must be paid once off to the transferring attorneys as soon as possible and before date of registration. It consists of the following: Transfer Duty: This is a Government Tax (payable to SARS) levied to transfer the property from the seller’s name into the buyer’s name. It generally constitutes the major portion […]

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Interest rates remain unchanged

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Save money

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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