Title Deeds explained

25 July 2017

Anyone who purchases a home will need to have the title deed transferred into their name as proof that they own the property. The document acts as proof of ownership in terms of the Deeds Registries Act 47 of 1937, with each property required to have its own separate deed. The document contains all the neces...

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Some light at the end of the tunnel

20 July 2017

While the Reserve Bank had said it had come to an end of its hiking cycle, few would have predicted a cut in the rates this year.  In fact, a cutting cycle was only expected in 2018 However, South African Reserve Bank governor Lesetja Kganyago, announced today that the interest rate would decrease by 25...

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Tools that every homeowner needs

18 July 2017

Becoming a homeowner is a milestone that many aspire to, however owning a property comes with a few additional responsibilities, like home maintenance. Why is maintaining a home so important? “For two reasons,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, “th...

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Tenants - Are you creditworthy?

17 July 2017

In South Africa’s highly competitive rental market properties are in high demand and short supply. With economic uncertainty and the rising cost of living placing pressure on consumers, many have put their homeownership aspirations on the backburner and are opting to remain in the rental market for the...

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The four don'ts of listing your home

11 July 2017

Just as most people require assistance when navigating the property purchasing process, the same can be said about those who find themselves listing their first property. “There is a lot to consider,” says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, “which is why...

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Pros and cons of solar panels

10 July 2017

As residential electricity tariffs continue to increase and place financial pressure on South African households, many are looking at alternate power sources, such as solar panels, in an attempt to reduce their household electricity consumption.
Adrian Goslett, Regional Director and CEO of RE/MAX of...

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Landlord is selling - what are my options?

07 July 2017

If a landlord decides that they would like to sell their rental property, do tenants have to move out? According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, the law does not prevent a homeowner from selling their property while it is being rented out to a third party. However, the lease agreement precedes the sale. “Essential...

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How to get over the one that got away

06 July 2017

You finally find the ideal home that you have been looking for, complete with all the features you have always wanted, from the right kind of countertops to the right size garden and everything in between. You envisage all the good times you are going to have in your new home while signing an offer to purcha...

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National Housing Report 2017 – Q2

05 July 2017

Deeds Office statistics reveal that in the second quarter of this year, 35 637 bonds were registered, with an average bond amount of approximately R1 033 000...

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Is property an asset or expense?

29 June 2017

Is property an asset or expense? At first glance, the question seems to be simple to answer, of course, property is an asset. However, there is more to it than initially meets the eye.
When looking at a primary residence, whether the home is an asset will be determined by whether the value of the pro...

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