AA - Sept 2020

6 reasons why you should pay a deposit when buying property – 11 September 2020

As a first-time home buyer, the most important thing to consider is whether or not clients can afford to take this big step. While it is still possible for a bank to grant clients a 100% home loan which does not require a deposit, we strongly encourage our first-time home buyers to consider putting down a minimum deposit of at least 10% of the value of the property to ensure that their home loan repayments are reduced and more manageable…

Agent commission: What am I paying for? – September 2020

Sellers often feel estate agents get too big a piece of the pie, mainly because they don’t know and can’t see what the agent is actually doing for commission earned. This sometimes leads sellers to avoid using an agent when selling their homes…

ARE VIDEO WILLS VALID IN SOUTH AFRICA? – 15 September 2020

There is no precedent on the validity of video wills in South Africa. In order for a will to be valid and accepted by the Master of the High Court in this country, it has to comply with the requirements as set out in section 2 of the Wills Act 7 of 1953…

Don’t Pay Double Commission! – September 2020

With many property sellers allowing multiple estate agencies to market their properties in their attempts to sell during what is still (for the moment at least) a buyer’s market, now is perhaps a good time to remind both sellers and buyers of the double commission danger…

TAX TIPS FOR LANDLORDS – 9 September 2020

Owning a rental property portfolio which provides income is like owning a business. There are tax implications and dues that need to be paid to the South African Revenue Service (SARS)…

The 10 most popular estates in South Africa to retire to – 20 September 2020

New data from analytics group Lightstone shows which estates in South Africa are drawing the most retirees.
According to Lightstone, which has been tracking the retirement property industry for the last 20 years, the sector has evolved from limited options to now include an array of lifestyle estate options, sectional title or lock-up-and-go as well as the upmarket coastal home…

VALUE FOR MONEY IS KEY WHEN LEASING NEW BUSINESS PREMISES – 28 September 2020

Now more than ever, leasing office space for your business is daunting as the country transitions out of the national lockdown. With remote working part and parcel of our daily experience, both small and large businesses are scrutinizing lease agreements and asking the important question: Are we getting value for money?…

Weighing up buying versus renting property – 28 September 2020

Author: STONEWOOD Property Management 29 September 2020 WATER DAMAGE LIABILITY IN SECTIONAL TITLE SCHEMES:  WHAT YOU NEED TO KNOW A body corporate is responsible for the maintenance of the common property of the scheme which includes planned and unforeseen...