Court demands clarity on sale of Sea Point site
Judges presiding over an application for leave to appeal a landmark ruling of the contested Tafelberg site have demanded clarity on the status of the sale contract.
[Read More]Posted at 09:45AM Nov 17, 2020 by Editor in Market |
Land expropriation will take SA to the brink
The court appearance of ANC secretary-general Ace Magashule on corruption charges risks being misjudged as a significant step in confronting the damage corruption is inflicting on South Africa.
[Read More]Posted at 09:41AM Nov 17, 2020 by Editor in Market |
Bo-Kaap development given green light
Cape Town's Municipal Planning Tribunal has approved a development in Bo-Kaap, which residents have opposed.
[Read More]Posted at 09:37AM Nov 17, 2020 by Editor in Residential |
Know your rights as a tenant and save money
"Being familiar with the rental regulations, especially regarding moving in and out inspections and deposits can save you from having to fork out for additional expenses, as well as from unnecessary stress and delays."
[Read More]Posted at 01:06PM Nov 16, 2020 by Editor in Residential |
Why it is a bad idea to make multiple offers at once
Once an Offer to Purchase has been signed by both the buyer and seller, it immediately becomes a legal and binding Sale Agreement. The cooling-off period during which a buyer may cancel the agreement is so seldom applicable that buyers should never falsely assume that they can get out of an offer without any legal recourse.
[Read More]Posted at 01:01PM Nov 16, 2020 by Editor in Residential |
What it means to buy a property in distress
Distressed property sales refer to homes that have been put onto the market because the homeowner has fallen into some sort of financial peril and can no longer afford to keep up with his debt repayments.
[Read More]Posted at 12:57PM Nov 16, 2020 by Editor in Residential |
More tenants opt for property ownership
"Tenants that meet the banks' lending criteria are now using the opportunity to purchase properties at a lower price, due to an over-supply of available sales stock and a lower effective lending rate."
[Read More]Posted at 10:04AM Nov 06, 2020 by Editor in Residential |
FNB Residential Property Barometer for November 2020
Despite the pandemic, industry-wide data shows bourgeoning home buying activity, with the volume of mortgage applications reaching multi-year highs.
[Read More]Posted at 09:49AM Nov 06, 2020 by Editor in Market |
Deciding between multiple offers
When considering multiple offers, Adrian Goslett recommends considering three aspects : suspensive conditions of the offer, the financing of the deal, and the date of occupation.
[Read More]Posted at 09:10AM Nov 06, 2020 by Editor in Residential |
Why 2020 does not compare to the 2008 housing market crash
The 2020 property market has bounced back since lockdown, and has shown very few similarities to that of the crash twelve years ago.
[Read More]Posted at 09:03AM Nov 06, 2020 by Editor in Market |