Since their house is, for most people, the most substantial investment they will make in their lifetime, it is common to have a 20 year loan repayment plan in order to meet the expenses of having a monthly bond repayment.
...read moreAs property is still the best performing investment after shares, many investors believe that one way to take advantage of this is to buy property in order to rent it out. Investors can find real bargains at the moment – with repossessed and mandated properties providing excellent value for money. The current economic climate has also resulted in an increased demand nation-wide for rental property. The interest rate is also currently at a point that makes it easier to buy property as an investment. ...read more
Many investors and home buyers are making use of auctions as a way of discovering the next great bargain. Bidders will find everything from entry level homes to vacant land and multi-million rand mansions available on auction. But, before you rush to start waving your bidding paddle in the air make sure to do your homework before buying a property on auction – be it at a physical auction or an online auction – as there are certain things any bidder should be aware of. ...read more
It is vital that before entering the property market an individual considers what requirements they may have as well as what they will be able to afford. ...read more
Historically, property has been the second-best performing asset after shares, and as such is a must for any investment portfolio. Investors must be aware, however, that the full potential of property investment is only realised in the long-term. While there are certainly profits to be made in an immediate sense, the serious wealth is only achieved in the long haul.
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The debate – whether it is more financially sensible to rent or buy a house – is an ongoing one. South Africa’s current economic condition has created a doorway for many new buyers to enter the property market. Those that could not previously afford to buy property because of the higher listing prices are
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Home Insurance is the type of property insurance that covers private homes, and is essentially a policy that provides personal protection for the home owner. Depending on the type of policy and the company providing it, insurance may include cover for losses and damages to one’s home or its contents, and accidents that may occur
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According to several sourced reports the majority of distressed properties are listed within the Gauteng area. While indicators have shown that the conditions within the national property market are slowly improving it is obvious that distressed and repossessed properties are still a stark reality within that market. The opinion of experts within the market
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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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