Learn how to make sure that the market analysis is done diligently, and that the CORRECT data is used to calculate your homes estimated value. The last thing you want is to make important decisions based on incorrect assumptions. In this video we explain what to look out for when determining your home’s estimated value.
In real estate, we know that too many cooks spoil the broth. If you’re a first-time seller, the terms ‘sole mandate’ and ‘open mandate’ have most likely come up in the early stages of the home selling journey and may have caused some uncertainty. For those who are struggling to decide what’s best for them, below are the differences between sole versus open mandates:
Selling a property for full price or close to asking price can be challenging, especially in a market where supply outweighs demand. Everybody is looking for a bargain which means that sellers are going to have to convince buyers that their home is well worth its asking price.
These days, buyers are very well informed. Thanks to internet access and property portals, buyers have access to all sorts of information that they can use against sellers in order to lower the asking price. To negotiate towards achieving your full asking price, you need to be as well researched as buyers are so that you can convince the buyer that your property is indeed worth the full asking price in comparison to what else is available.
Below are some further tips for sellers who want to sell at full value:
If you’ve finally decided to buy property, you shouldn’t settle for a house you can’t call home. On average, it takes a minimum of approximately five years to see real returns on real estate investments.
Given that you will likely stay in the home for quite some time, you really cannot afford to settle for a house you don’t love.
The Covid19 pandemic and the various measures to try to contain it, have impacted every one of us in various ways – and our real estate industry is no different. We are almost at the end of a strict 5 week lockdown period, and government has announced a phased approach to easing the lockdown in stages and at various levels (level 1 to 5), with an easing of restrictions from level 5 to level 4 as from the 1st of May 2020.
Many of us might find ourselves in some financial difficulty during this lockdown and the months to come.
There are some things we can live without, if necessary, until we find ourselves in a more favourable financial position. Here are some suggestions to consider to lower monthly household expenses over this lockdown period:
Picture how anxious you might feel if, without warning or explanation, you were taken to an unknown destination where you discovered all of your belongings unpacked into this unfamiliar space. The anxiety builds as evening draws near and nobody shows any signs of returning you home. This is exactly how your pet feels when you relocate. But, there are a few necessary precautions you can take to help them adjust to the new space.
As much as we love our animals, it can be hard to love the pet odour they leave behind in our homes. While we might get used to the smell over time, future buyers will not be as forgiving. Luckily, there are a few ways to prevent pet smell from developing in your home.
The amount of views a cat video on Youtube racks up helps us realise how much we love our animals. But, as much as we might love them, there are certain laws by which we need to abide if they want to avoid running into trouble with the authorities. The Animal Protection Act of 1962 sets out regulations for all South African pet owners. Those who choose not to follow these rules will receive a penalty fine of up to R4,000 and can even face imprisonment for a period of twelve months depending on the severity of the action.
The Monetary Policy Committee announced today (25 May 2017) at its third meeting of the year that the interest rates would remain unchanged once again. This means that the repo rate will stay at 7%, and the prime lending rate remains stable at 10.5%. The rates have stayed at their current figures for well over a year now, having been raised in March last year. Reserve Bank Governor, Lesetja Kganyago, said earlier in the year that the key to keeping interest rates low is to bring inflation down. For the first time since August last year, inflation fell within the target rate of between 3% and 6% last month. The consumer price index (CPI) eased to 5.3% in April, down from the 6.1% in seen March.