How marriage contracts affect homeownership

  There are several martial systems recognized by the South African Deed Offices, each of which will influence the property transactions in different ways. Understanding this can help homeowners make good investment decisions upfront. “Buying a home as a married couple can be an exciting step in the couple’s life …

What are the legal implications to buy or sell a property “voetstoots”?

Let us start by explaining the meaning of the word “voetstoots”. “Voetstoots” has its origins in South Africa’s Roman-Dutch law heritage and translates to: “to push a thing sold with one’s foot to indicate delivery and not come back with complaints later”. This means to sell or buy a property “as …

The condition report, the voetstoots clause, and what they mean for property buyers and sellers

Buying a home is the largest investment most people make and it’s a lengthy, complex procedure peppered with potential pitfalls, so the last thing you need after successfully navigating the process is to experience buyer’s remorse. “There are so many factors that require the buyer’s time and attention that it’s easy …

Slew of new property laws will have most dramatic effect on agencies and agents – experts

  The Property Practitioners Act is set to change the industry “dramatically”. Other laws attorneys say will affect it include the proposed Housing Consumer Protection Bill, the Land Court Bill, and the Western Cape Government’s draft Inclusionary Housing Policy. Once the Property Practitioners Act – which has been promulgated but …

Factors you should never hide from your real estate agent

Effective communication is a fundamental factor within successful relationships. This is especially true for the relationship between the prospective homebuyer and their real estate agent. An open communication channel is imperative for an agent to fully understand what a buyer wants and needs. Yet, according to Regional Director and CEO …

Why Conveyancing Is Needed When Buying A Commercial Property

Buying commercial property isn’t always a straightforward process. It doesn’t start and end when money changes hands from the buyer to the seller. It involves a lot of legalities and the nitty-gritty paperwork. If you’re buying a commercial property for the first time or you’re not quite knowledgeable with the …

Tips for buying and selling at property auctions

Buying a property at an auction sale does not always mean that you are going to get a bargain. It is therefore important that you do your homework before purchasing. South Africans are not used to buying and selling residential properties using auction sales. A property that is being auctioned …

Property investment in 2021 | How different property classes coped with the pandemic

The property market has undergone huge changes during 2020 as a result of the Covid-19 pandemic, but not all sectors have had the same experience. Global real estate marketplace, Wealth Migrate which allows investors to safely invest internationally, in quality opportunities for wealth preservation shares insights into how different asset …

Looking ahead – residential property trends we can expect in 2021

Seems almost counter-intuitive to say that 2021 looks set to be a bumper year for the housing property market. By Carl Coetzee 30 Dec 2020  00:01  It seems almost counter-intuitive to say that 2021 looks set to be a bumper year for the housing property market, given the challenging few months we have …

Emerging property trends for 2021 | Low interest rates will continue to drive the market

COVID-19 has accelerated change in the property industry, focusing sharply on safety, socio-economic disparity, and wellness amid a backdrop of global economic uncertainty. A PWC report highlights how the year ahead will be “a crucial moment” to showcase leadership and drive change. The US report details how the pandemic has accelerated many …

Positive news to emerge from the Medium-Term Budget Policy Statement

Berry Everitt, CEO of the Chas Everitt International property group, says the most positive news to emerge from the Medium-Term Budget Policy Statement delivered by Finance Minister Tito Mboweni today is that the economy is expected to “rebound” in the final quarter of 2020, and return to positive growth next …