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Property News

Long wait for home buyers


Homebuyers wishing to take advantage of the lower interest rates by purchasing into brand new homes could have a long wait after current unsold stocks are taken up.

Loyalty could save you money


Buyers should negotiate on interest rates before locking themselves into a home loan. A survey conducted among Cape Town's Homenet members showed that if the buyer was entering into the transaction with a healthy deposit and prepared to lock into that bank's other products, the lender could be induced into offering a favourable interest rate.

Check timing for CC formation before buying assets


People who are buying property on behalf of a close corporation or company that has yet to be formed must make sure that the sale agreement they sign allows enough time for the formation.

SA property comes into international focus

South Africa is seen as an outstanding property investment opportunity says RE/MAX International Vice President George Graff, who visited South Africa recently.

Beware of property disclosure Act’s pitfalls, legislators warned

National Referral Service (NRS) director Charles Alterskye warned legislators that the draft Home Loans and Mortgage Disclosure Bill carries a "number of horrendous pitfalls" that must be given careful thought.

Estate agents’ Budget praise mixed


This Budget opens the way for the building industry – and the home building sector in particular – to become the country’s biggest job creator, says Sable Homes MD Jo Pelser.

Rental market still up despite buying spree


The residential rental market has remained buoyant, despite a dramatic fall in interest rates and simultaneous increase in housing affordability that in earlier times would have caused demand for rental units to fall.

Agents should watch double offer dates carefully

Estate agents who fill in more than one offer to purchase for the same property should try to ensure that the expiry dates of the later offers fall after the five-day cooling-off period on the first offer.

Fairway’s last two buildings to go up

Abland and Sable Holdings have concluded a joint venture agreement with Standard Corporate and Merchant Bank (SCMB) for the development of the last two buildings at Fairway Office Park in Bryanston. The first of these buildings will be completed in April. It comprises 1800sqm of lettable space over two storeys. Also located here are Sable Holdings’ own new headquarters and a new 2000sqm head office for the Abcon group.

The keys to a profitable home purchase


Resale potential should be just as big a consideration for home purchasers as price and the availability of mortgage financing.