How Rent2Buy works and what to do to apply

Mar 16, 2020 8:00:00 AM Share this:

Rent2buy (R2B) Finance is a Plan B for a homebuyer who is almost, but not quite ready, to apply for a home loan to buy a property. If the buyers’ home loan was declined initially and but he has a reasonably good credit profile and at least 7% deposit (if buying from a private seller), 3 to 5% deposit available (if buying from a property developer) or 20% if a foreign buyer, and he lives in Bloemfontein, Gauteng or Cape Town, then he is able to start the process of applying to purchase through the Rent2buy Finance programme, says Meyer de Waal, director of MDW Inc, and co-founder of Attorney Realtor Hub.

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Topics: Richard Gray, Tips for buying, Harcourts Real Estate, Rent to Buy

How to choose a home for a growing family

Sep 30, 2019 8:00:00 AM Share this:

Better health, higher educational achievement and higher net wealth are among the many socio-economic benefits of home ownership, according to studies by Habitat for Humanity, and they are certainly strong incentives for the thousands of South Africans who buy new homes each year to accommodate their growing families.

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Topics: family home, Tips for buying, Buying a home, Harcourts Real Estate

What happens after you sign an Offer to Purchase?

Sep 23, 2019 8:00:00 AM Share this:

Buying a new house is an exciting milestone, but before you can contentedly settle in, there are a number of administrative factors that need to be put in order and processed so that the property can be transferred to you and there are no hitches down the line.

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Topics: Tips for buying, Harcourts Real Estate

6 golden rules for buying South African property revealed

Aug 26, 2019 8:00:00 AM Share this:

There are some rules that every property buyer should follow in order to get the most out of their property purchase. Despite many changes in the property market in recent years, there are some “golden rules” that investors need to keep in mind. So says Adrian Goslett, CEO of RE/MAX Southern Africa, who adds that while the emerging market has presented some great investment opportunities, buyers need to be careful and make the right decisions to get the most out of their property purchases.

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Topics: Advice, Tips for buying, Harcourts Real Estate

5 things first-time home buyers should know

Aug 12, 2019 8:00:00 AM Share this:

Buying your own home can be a daunting prospect. Many of us have spent our lives renting, so when we decide to take the step up to owning property we often aren’t quite as prepared as we should be.

With this in mind, we sat down with Meyer de Waal, owner of My Bond Fitness and a property conveyancing attorney and also an exhibitor at the upcoming Property Buyer Show in April, to figure out exactly what a first time home buyer should know before signing on the dotted line.

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Topics: Advice, First Home Buyer, Tips for buying, Harcourts Real Estate

Factors that influence a property's price

Mar 4, 2019 10:15:43 PM Share this:

Correctly pricing a home is not a mathematical equation – a number of factors play a role in determining what is a fair price. Here are some of the factors that need to be taken into consideration.

How often have you gone window shopping for property on the web and come across a plethora of properties that in your opinion are completely overpriced? Just about anything and everything will determine a property’s value and taking a decision on price based purely on emotional reasons could backfire horribly, leaving the seller sitting with a home that no one is willing to buy.

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Topics: Tips for buying, Buying a home, Harcourts Real Estate

WESTERN CAPE: BUY HERE: Our insider’s guide to Brackenfell

Feb 20, 2019 7:49:39 PM Share this:

Offering many property options, this large suburb close to the Winelands has a nature reserve on its doorstep
If you’re looking for value, consider the northern suburbs. Brackenfell is a short drive to the city on the N1, offers a range of property types, has good schools
close by and a number of attractions on its doorstep.

“We’ve seen steady growth in the sale price of properties in the area,” says Denis Dunn, principal at Harcourts Dunn.

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Topics: Harcourts South Africa, buying and selling, Tips for buying, Harcourts Dunn

Settling into your new neighbourhood

Dec 31, 2018 8:00:00 AM Share this:

Buying a new home often means moving to a new suburb, city or even country. It may be a new location you chose simply because you loved it, or it maybe it’s where you need to be for work or family. Whatever the reason for your change in location, it can be a little daunting finding ways to get to know the neighbourhood and have it start feeling like home.

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Topics: buying property, Real Estate Agents, Tips for buying, Harcourts Real Estate

Buy investment property on a low income

Sep 3, 2018 8:00:00 AM Share this:

There is no sugar-coating the fact that if you are a low-income earner, buying an investment property will require a lot of discipline and sacrifice.

There are a number of challenges to overcome, but although income level is a factor when it comes to borrowing money for investment, there are a lot of other aspects at play, many within your control.

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Topics: Property Investment, buying property, Buyers market, Tips for buying

Weighing up rent to buy

Aug 20, 2018 9:26:39 PM Share this:

“There are various ways a rent-to-buy option can be structured and equally as many ways that these deals can go awry.”

Rent-to-buy gives cash-strapped homebuyers the option to own a property in the area of their choice however make sure they read the fine print carefully warn property experts. It is also an option for sellers whose properties have been on the market for a while.

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Topics: Renting, Richard Gray, Harcourts South Africa, Tips for buying, Financial Advice, Weighing up rent to buy