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Tuesday Nov 17, 2020

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.

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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.

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Bo-Kaap development given green light

Cape Town's Municipal Planning Tribunal has approved a development in Bo-Kaap, which residents have opposed.

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Monday Nov 16, 2020

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."

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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.

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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.

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Friday Nov 06, 2020

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."

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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.

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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.

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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.

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