A home loan, also known as a mortgage, is a type of loan used to finance the purchase of a home. The borrower takes out a loan and agrees to pay back the lender, with interest, over a set period of time, typically 15 or 30 years. There are several components to a home loan, […]
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What Is Home staging? Home staging is the process of preparing a home for sale by making it look as attractive as possible to potential buyers. This can involve decluttering and organizing the space, repairing any damages or issues, and adding furniture and decor to make the home look more inviting and visually appealing.
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What is Conveyancer? A conveyancer is a professional who helps to transfer property ownership from one person to another. They are responsible for ensuring that all legal requirements are met and that the transfer is completed smoothly. NB: Conveyancing fees are diffrent from Transfer Duty Conveyancer fees can vary depending on each transaction. However, as a general guide,
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Rent To Buy: Property Terms Rent to buy is a type of housing agreement where the tenant pays rent for a set period of time, after which they have the option to purchase the property. This can be a great option for those who are not ready to buy a home outright, but who want
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Property Management: Property Terms Property management is the process of overseeing and maintaining a property, such as an apartment complex, office building, or retail centre. A property manager is responsible for the day-to-day operations of the property, including ensuring that the property is well-maintained, addressing tenant concerns, and enforcing the terms of the lease agreement.
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Property Terms What Is Rent Deposit Rent deposit is a sum of money that a tenant pays to their landlord when they move into a new property. This deposit is usually equal to one month’s rent, and it is used to cover any damages that the tenant may cause during their tenancy.
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Municipal Property Rates COGTA defines property rates as the cent amount in the rand levied on the market value of the property (Land & Buildings). Property rates are calculated based on the value of land and improvements or buildings. This value is based on the market value of the property. That is the price that is realistically acquired for
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What is a Sectional Title Scheme? The property market can be full of complex jargon and as a first-time buyer navigating all these can be an exhausting task, in this article I will help you understand what a sectional title is?. This is a type of property whereby an owner owns a section of the
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A real estate mandate is an agreement between a Seller and the Estate Agent(s) regarding the marketing of a property, the agreement duration and obligations for both parties. Real estate mandate an overview Generally, they are three types of real estate mandate: Sole Mandate Dual Mandate (Multi Listing) Open Mandate The mandate must be reduced in writing and must
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