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Category Archives: Buying Properties

Why Real Estate needs to be on Government’s list...

Every business is at a nail-biting point to see whether they will be able to trade under Stage 4 of Lockdown, or where they fit into the picture, as well as the timeframe for them being able to resume under the different stages.  For some it will mean scraping by and for others it will mean the end of an era… Government has indicated …

Give and Take in the midst of Covid 19

It has been a rolercoaster ride for the world in the last couple of months with the jolt of the epic Corona virus pandemic which emanated from China in 2019. For a change, South Africans are not talking about emmigrating!  Glass half full we say, because we live in such a beautiful country! With these extenuating circumstances we find ourselves in, Government, financial institutions …

4 Reasons why having a Deposit is Beneficial when buyi...

Costs:  When you buy a home (with a bond and not for cash), both transfer and bond costs are calculated on the purchase price and bond amount (according to a tariff).  While transfer costs won’t change, because the purchase price is fixed, the bond costs will differ depending on whether you have a deposit or not.  More specifically, if you have a deposit, your …

7 Ways in which the New VAT Increase will affect your ...

Sellers: Commission:  The amount of commission you will be liable for will increase, in the event that your estate agency is VAT registered (most are).  As an example, on the sale of a R1 500 000.00 property, and the average commission of other estate agencies, you will have to pay approximately R103 500.00 at the new VAT rate, instead of R102 600.00 at the …

Buying to Build? 6 Things to consider before buying V...

Buying to Build? 6 Things to consider before buying Vacant Land Seeing as we are one of only two agencies that are mandated to sell the newly launched Phase 7 in Cove Rock Country Estate, and having experience in the selling of vacant land in general, we thought we’d touch on a few points about the ins and outs of buying vacant land. Purchasing …

What are Certificates of Compliance, and why do I need...

We recently sold and transferred a property for a client and were required to instruct various service providers to attend to certificates of compliance, or COC’s as they are commonly known. Our client was horrified to learn that they would be set back by R16 500.00 due to a woodborer infestation, as well as R4 500.00 in order to get an electrical certificate.  This …

The Pitfalls of Buying Older Properties

It’s no secret that many modern developments lack the space and gracious ambience that older homes are imbued with. Generally speaking, older homes in established suburbs feature sprawling gardens and entertainment areas, large pools and generously proportioned rooms, all of which appeal greatly to big families. But as picture-perfect as these properties may look, it’s important to realise they may also harbour age-related problems …

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For more information on COVID-19 in South Africa please visit the South African COVID-19 Portal