Most Recent Selling Articles
HOW TO SELL YOUR HOUSE ONLINE
From updating your debit orders to doing your grocery shopping, most everyday tasks have migrated to the realm of ones and zeros. Why should selling your home be any different? Most buyers will view a property online before they make the effort to view it in person. Most property portals have a very broad reach. At RE/MAX, we have our own local search portal that reaches close to 170,000 users
Read more
STAY OR GO? WHY STAYING FOR A VIEWING IS A BAD IDEA
Selling a property is never easy. Subtle details – from mismatched scatter cushions, to an unswept kitchen – can spell the difference between a potential buyer making an offer, or scratching your property off their list altogether. As much as you would love to be around to hear the passing comments as buyers amble through your abode, by choosing to remain at home during a showing, you
Read more
FIX YOUR HOME OR SELL AS IS?
What do you do if you want to sell your home, but it is in need of repairs? If this is the situation, you have a tough decision to make about what makes more financial sense. Either you will have to delay selling the home and spend the money to get the property in tip-top shape, or you can place it on the market and take the knock on the asking price. It goes without saying that a home in
Read more
Q4 2017 HOUSING REPORT
In the last quarter of 2017, 36 943 bonds were registered at the Deeds Office, totalling an amount of R38 819 406. Data from all the major banks reveal that the average bond amount granted during this period was around R1.051 million, which is down from the R1.11 million seen between July and September 2017. During the last quarter of the year, around 38 630 bonds were cancelled. Of the 52 011 hom
Read more
INTEREST RATES UNCHANGED AT FIRST MPC MEETING OF 2018
No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels. The prime lending rate will remain at 10.25%, while the repo rate stays put at 6.75%. While the Rand has strengthened, and inflation has largely been contained, the MPC remains cautious in their approach and bias towards upsi
Read more
TIPS FOR LONG DISTANCE HOME SEARCHES
Moving down the road can be a daunting task, nevermind across the country. Whether for family reasons or an employment opportunity, it is not uncommon for people to find themselves in a situation where they may have to relocate to another city or town in another region. While challenging, technology has made the world a smaller place which makes moving across the country - or the world for that ma
Read more
IT IS WORTH USING AN AGENT TO SELL YOUR HOME?
To reduce costs, some homeowners may be thinking about listing their property themselves, rather than making use of a real estate professional. On surface value, this may seem to be an excellent way to cut down on expenses during the homes sales process; however, it also means that the homeowner will have to see the whole process through from start to finish. Since the introduction of the inter
Read more
NO CHANGE IN INTEREST RATES
Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%. An expected decision with the rand weakening sharply since the last meeting in September, as well as the surge in the international oil price and increasing agricultural prices. Adria
Read more
Q3 2017 HOUSING REPORT
Over the last three months, 36 740 bonds were registered at the Deeds Office, totalling an amount of R38 844 981. Data from all the major banking institutions reveal that the average bond amount granted during this period was around R1.11 million, slightly up from the R1.033 million seen in the second quarter of the year. During the third quarter of this year, approximately 52 335 bonds were cance
Read more
ARE 30 YEAR BONDS WORTHWHILE?
To lower your monthly bond repayment, you might be considering financing a bond over a period of 30 years. However, before you do, carefully consider the financial impact of the additional interest charged over the longer term loan period. You will pay far less interest if you opt for the more traditional 20-year bond. A 30-year bond can look like an attractive option, especially with the lower
Read more
BATHROOM BUDGET RENOVATIONS
Giving a fresh new look to an outdated bathroom can modernise and add value to a home without costing too much. Renovations and contemporary remodelling of bathrooms are known to boost the marketability of a home and, also, bathrooms and kitchens are the two areas of a home where the cost of the renovation can be largely recouped on the sale of the property. According to statistics on averag
Read more
BE PREPARED FOR THE UNEXPECTED
Owning a home is a long-term commitment that can span a lifetime. While we all hope for the best, it is likely that at some stage during our lives, a home emergency of some kind will strike, so it is best to be prepared. While impossible to determine when it will happen, home repairs are a certainty homeowners will need to consider and prepare for. Putting aside money each month in a contingency f
Read more