Repossessed properties, or ‘Properties in Possession’, comprise such properties that have been bought by the bank after the current owner defaults on the bond that the bank holds. Distressed properties can be classified as such when a homeowner misses home loan repayments to the extent that the holder of the bond, usually the bank, issues
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Before signing on the dotted line, it is incredibly important for prospective homeowners to consider the additional costs involved in purchasing a property over and above the selling price. Many buyers who are itching to enter the property market are mainly concerned with what their bond repayments will be, and fail to realize the impac
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South Africa’s construction industry has been gearing up to go green for some time and recently the exciting results have been inciting much comment throughout the nation’s populace. Many people are still unsure exactly what a ‘green’ building actually is. According to the Green Building Council of South Africa (GBCSA) a green building is energy
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When Eskom announced its intention to build its second most advanced coal-fired power plant in the municipal area of Delmas in Mpumalanga, few realistically anticipated the pressures this would place on the rental property market in the areas surrounding the plant. It appears that properties in Witbank, in particular, are in very high demand as
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Following the global financial crisis in the first quarter of 2008, South Africa’s property market appeared to grind to a halt following its massive boom in the years from 2000 to 2006. Then, in 2010, the market experienced a brief upsurge as the country hosted the 2010 FIFA World Cup, but slowed down again in
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Home buyers and investors in the Western Cape are spoilt for choice – with a veritable buffet of delicious properties available on the market. Geographically, the Western Cape stretches 400 kilometres to the north along the Atlantic coast-line and about 500 kilometres along the Indian Ocean’s coast to the east. Known for its diverse landscapes
...read moreWant to buy a repossessed property on auction, but afraid you will not qualify for a home loan? We all know that right now is a good time to invest in property. So, why not save some more money and buy yourself a repossessed property? ...read more
With the South African interest rates at its lowest in 30 years, the property market has become very favourable for young- as well as first-time buyers. Furthermore, they have the added advantage of buying a repossessed property on auction, where they can get their hands onto a property for below market value. ...read more
Do you know the difference between insolvency and bankruptcy? People tend to confuse these two terms. However, they do have different meanings and different purposes. Together, insolvency and bankruptcy form part of a process. ...read more
As you get older, you will need to retire sooner or later. But do you have the adequate back-up in place to retire comfortably? Only a few people in South Africa can afford to retire on their retirement fund only. So, do you have any more ideas on how to retire comfortably? ...read more
