If the owners in a specific Sectional Title scheme want to make new “house rules” for their scheme, it’s very important that they follow the proper procedure, says Berry Everitt, CEO of the Chas Everitt International property group.
A common mistake amongst first-time buyers is buying impulsively and based on emotion. “To avoid this, view your property as an investment – be rational, do your homework and take your time in making your purchasing decision,” says Grant Smee, Managing Director of Only Realty.
There are many payment applications and software providers claiming to do all it takes to manage rental payments, but rental payment processing is not for the unprepared. These are the top 10 questions you should ask rental payment providers to ensure you’re getting the best value for money.
“The Covid-19 pandemic has highlighted the fact that managing such properties – and tenants – is becoming ever more complex, and that there are not many private investors with the specialist knowledge or time to do so. Increasingly, they need help from properly trained and qualified letting agents who also comply with relevant legislation and regulations.”
When it comes to property, most estate agents will tell you that the three L’s are, and have been since forever: Location. Location. Location. They are not wrong. But they are also not right. Because the new three L’s go beyond just positioning. The new order of the day is Location, Luxury and Lifestyle.
Flyt Property Investments says that we should see the upgrade of communal living enjoy a re-surge of popularity in South Africa. This will provide a post-Covid living option which will also bridge the gap for urban residents looking for homes that provide secure micro-spaces, shared living areas, and common spaces at affordable prices.
If you’re a home seller, now is not the time to withdraw your
property from the market in the hopes of selling it at a higher
price next year.
“I am continually amazed at people who sign agreements for millions of rand in property purchases without consulting a lawyer. The problem is that many offers to purchase have either been over-edited or are simply not comprehensive.”
While the market has picked up significantly and Seeff ended July with the highest sales in six years, buyers putting in low offers are left disappointed, says Samuel Seeff, chairman of the Seeff Property Group. Contrary to expectation, sellers in many areas are achieving close to and often full asking price in the lower price […]
Property professionals operate today in an environment of ever-increasing requirements for better transparency, disclosure, accountability and governance. Professional indemnity cover in the real-estate world is very similar to medical malpractice cover for doctors. While the sale or rental management of a client’s home may not require the precision of a surgeon, even a simple property […]
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. “There are considerable differences with regards to investing in the two type of properties. When purchasing a freehold […]
While we like to think that our lease agreements protect us during times like these, the reality is that the current lockdown and subsequent economic fallout is something none of us could have predicted or fully prepared for.
A once-in-a-lifetime opportunity to secure a luxury unit in the brand-new Newlands Peak development for as little as R996 per month.
The eviction process protects tenants, but landlords still have rights The global spread of COVID-19 has impact millions of people worldwide and locally. Many have been placed on unpaid leave, others have been informed of a reduction in salary or completely lost all income. This has led to the inability of many tenants to continue […]
South Africa’s GDP contracted by 2% in the first quarter of 2020, during which lockdown had only just begun. This means that there will be worse news to follow for the second quarter of the year when lockdown restrictions were in full force and real estate services were unable to operate until alert level 3. […]
The growing possibility that a life with some form of lockdown restrictions, face masks and social distancing may well persist into 2021
People often talk glibly about adapting to change, but in the wake of the Covid-19 pandemic and ensuing economic crisis, it seems more likely that we are going to have to fundamentally change in order to adapt to new situations, conditions and environments in the future.
Lockdown level 4 – are evictions allowed? The easing of the rigorous lockdown rules that governed us for five weeks was met with rejoicing by most South Africans, particularly those with dogs and athletes who were missing their daily runs/cycle rides.
“Factors such as the deposit, valuation, financing, any inspections required, fixtures and fittings and the occupation date are important considerations that must not be overlooked.”
If your home has already been listed for sale, now is not the time to take it off the market – and if you are thinking of selling for any reason, now’s the time to get it listed. That’s the advice of Berry Everitt, CEO of the Chas Everitt International property group, who says that […]
As interest rates tumble and property prices come under pressure in the months following the immediate Covid-19 health crisis, lower-income families could be presented with their best opportunity in almost a decade to become home-owners.
We find ourselves in challenging times. The COVID-19 virus has brought the world and economies to a near stand-still
How do we continue buying or selling properties in light of President Cyril Ramaphosa’s declaration of the COVID-19 pandemic as a national disaster?
Lightstone Property recently released their Residential Property Indices for March 2020. This is based on analysis of data….
The South African residential rental market has been a tenants’ market for some time. Despite this, market research….