When buying your first home, it can be daunting to consider how to afford the monthly home loan repayments. It is possible to lessen this expense by paying a deposit. In addition to increasing the chances of securing a home loan, there are many other reasons why a deposit will benefit buyers in both the short and long term....
The further increase of 75bps in the repo rate announced by the Monetary Policy Committee yesterday is disappointing for aspirant home owners requiring credit and existing home owners with mortgages, all of whom are already having to contend with the economic impact of severe load shedding, high fuel, and rising food costs, and increasing electricity and other municipal tariffs, says Dr Andrew Golding....
While many might have seen or heard that interest rates are climbing, equally as many will fail to fully understand exactly how this affects them, which means that they are unlikely to know how to adequately prepare if interest rates continue to climb....
When drawing up the criteria for a property search, buyers will need to decide between sectional title or freehold ownership —both of which have their own sets of pros and cons. To decide which is better suited to their needs, buyers should aim to fully understand what each of these entails....
We survived masks and lockdown restrictions during the pandemic, only to be confronted by a new challenge: load shedding. With Eskom’s aging infrastructure and the slow pace of the transition to renewable energy alternatives, load shedding is likely to become more frequent in the foreseeable future, and it will continue to affect the way we work, live, and play....
The La Niña weather pattern that SA has been experiencing since December was not only responsible for the devastating floods in KZN but for higher rainfall than usual, all over SA in the past few months – and is why so many people across the country are currently struggling to combat damp in their homes....
As if property transactions weren’t already convoluted enough with reams of documentation and legalese to navigate, there are also often suspensive conditions included in the Offer to Purchase that needs to be met by one or both parties, and these need to be gone over with a fine tooth comb....
Spring has sprung and with that South Africans will once again be heading outdoors as much as possible. We are known for our sunshine and braais, and this is often a key consideration when buyers and tenants look for properties....
You have just viewed a property and are keen to buy but before your sign any offer to purchase there are some questions you need to ask....
It is not always possible to see out the full term of your lease agreement and there may come a time when you need to cancel it for whatever reason. Not following the correct procedure can be costly though, says Tiaan Pretorius....