Buying your first home is possibly the largest purchase you will make, so it’s important to be well-prepared for this important milestone. “After two years of comparatively low-interest rates, we are still seeing considerable interest from first-time buyers who account for 60% of all BetterBond’s home loan applications,” says Carl Coetzee, CEO of BetterBond....
While banks in SA are still keen to lend to home buyers, they are also applying their credit granting criteria more strictly now in the light of rising inflation and rising interest rates, so it is vital for prospective borrowers to make sure their finances and credit records are all in order before they apply for a loan – and long before they start looking for properties to buy....
With many people in KZN having suffered extensive damage to their properties as a result of severe flooding, it is imperative to first distinguish whether the property has been damaged to a point that it is no longer safe to reside in, or if the property is damaged but is still deemed to be safe to reside in....
There has been such a surge in home buying since the second half of 2020 that there is now actually a shortage of homes for sale in many of the most sought-after areas, and well-priced properties that do come on to the market are often selling within just a few days – without even being advertised online or in print....
Buying a house with the intent to generate rental income from it can be a great passive investment move, but it is also more complex than many may think. Before taking on the decision to become a landlord, there are several factors buyers need to consider....
For trustees that want to create a harmonious environment in their Sectional Title schemes, the most important thing to do is ensure that they have a set of Conduct Rules that are modern, clear, and specific....
Many people want to invest in property, but not everyone can afford to purchase a house, apartment or piece of land. Co-ownership for investment purposes is a good way to get onto the property ownership ladder, but it’s not something to jump into blindly. Owning property with a friend, sibling or other close family friends can be tricky. Here’s what you need to know about property co-ownership in South...
Community housing schemes should have compliant record-keeping systems, including those of their managing agents, in accordance with the Protection of Personal Information (POPI) Act....
For many buyers, sectional title living offers heightened security, affordability, and a more communal way of life. However, sectional title ownership comes with a variety of ownership responsibilities and legalities of which buyers are not always aware....
Whether you are a first-time property buyer, a seasoned investor, or considering downsizing, there are important questions you need to ask before buying a sectional title property....