Steps taken to effect transfer of property

Came across a very informative blog post on the steps taken to effect transfer of ownership of a property.
Read article here...

For Sale: Luxury Home in Mt Edgecombe

R 3 750 000

Three bedroom freestanding home. 2 MES and 2 guest toilets. 2 lounges, family TV room, dining room and fully fitted kitchen.Double garage. Home also offers two one bedroom flatlets. A pool completes this lovely home. Mt Edgecombe is ideally situated for the modern family. Close to all the attractions on offer in the North of Durban. If you are a jet setting family the King Shaka International Airport is just around the corner within easy driving distance. Even though you will be located within easy reach of many conveniences, you can enjoy a country setting in your new home in Mt Edgecombe. 
Call Krish Moodley 0618279651 or email: krish@remax-sellect.co.za

HOME LOAN ADVICE FOR FIRST-TIME HOUSE BUYERS

If you’ve just decided to buy your first home, SA Home Loans is here to assist you through every step of this exciting venture! Purchasing a new house is one of the biggest financial investments you’ll ever make, and no doubt you’ll have many questions regarding the process.

We’re here to fill in the gaps by providing all the answers and valuable advice you’re looking for. Read on to discover important home buying tips for first-timers, and to learn more about the first-time mortgages and new home loan solutions offered by SA Home Loans – South Africa’s first and largest specialist mortgage provider.

Are you ready to purchase your first home?

Before you set your sights on buying the home of your dreams, it is important to establish whether you are ready to make such a big, ongoing financial commitment – in other words, is your income stable and sufficient to support a first-time bond?...Read more here...

MyProperty suggestions when buying your first home

Getting ready to buy your first home is exciting. But it is also daunting as there is a lot you need to think about. You’re thinking about your credit score, bonds and saving for a deposit. 

We’ve compiled some tips to help you make one of the biggest purchases of your life. Think it through. Buying a house, particularly your first one, is a massive decision which will likely have an impact on the rest of your financial future. Take your time and make sure you’re ready. Be certain you can afford a home loan and don’t feel pressured to make a  decision. 
Read about the suggestions here...

How to pay off your Bond in 10 years

If you’ve just bought your first home, the day your mortgage will be fully paid off and the property is really yours probably seems a long way off. 

Even if you don’t have a spare room to rent out, you can perhaps still make some extra cash to put towards your ‘bond liberation day’ by renting out a storage space, garage or carport.

This is according to Shaun Rademeyer, CEO of BetterBond, who says the good news is that there are tried and tested ways to bring that day much closer, and save yourself tens of thousands of rands in the process.

“Did you know, for example, that if you have a home loan of R800 000 at an interest rate of 9.25%, you could drop your bond repayment period to 17 years instead of 20, and save R178 000 in interest, just by paying an extra R500 a month into your bond account?” Read the rest of the story here...

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Top tips for selling your house

Selling your property can be quite an emotional process: approaching sales advisors, agreeing on a selling price and finding a new home, all add to the stress. But by taking some basic measures you can remain relaxed and start preparing for your new home.

  This is according to Craig Hutchison, CEO Engel & Völkers Southern Africa, who says that probably the most important aspect would be to approach a trustworthy local sales advisor from a reputable real estate company, preferably one with a long and successful track record in your suburb.
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Hutchinson says sellers should ideally consider a sole or exclusive mandate, which maens that one agency is awarded the exclusive rights to the marketing and selling of your property.

Invest in property and build a portfolio

The residential property market is currently in an upward cycle and we are seeing a strong resurgence of investors entering the market.Looking at medium to longer term investment options, there are essentially three key factors to bear in mind: risk, return and growth.
Property has always been perceived as a relatively stable and safe investment class and indeed when one considers the market cycles, it is interesting to note that many nodes in South Africa have achieved the same sales value this year as was the case in peak of the market in 2007.
Read the full post here...