Desirey Prins agent profile

Estate Agent Property News Articles

Housing Affordability: How First-Time Buyers are Coping

09 Jul 2024

First-time homeownership remains a challenging goal for many South Africans, particularly the youth. Despite a brief period in 2020/21 when interest rates were cut to record lows, participation by young buyers, defined as those under 35 years old, has continued to decline steadily since 2010. This is according to insights from the latest FNB Estate Agents Survey that looks at understanding how first-time buyers are navigating a tight monetary policy environment.

Market & Opinion

How to buy a home in a tight market

13 Sep 2024

Buying a home in any market can feel daunting, however, it can become even more nerve-wracking when the market is tight and you need to make decisions quicker than you would have if it wasn’t. So how do you approach a tight market as a buyer? What do you need to do to secure your dream home?

Legal

The legal steps to selling a property in South Africa

30 Aug 2024

Selling a property in South Africa can be an exciting and rewarding endeavor, whether you're aiming to capitalize on your investment or seeking to finance the purchase of a new home. However, understanding the legal steps involved is crucial to ensure everything runs smoothly. Failing to comply with the necessary legalities can lead to costly delays, disputes, and complications.

Legal

What every buyer should know before signing an Offer to Purchase

09 Sep 2024

An Offer to Purchase (OTP) is a legally binding agreement between a buyer and a seller in a property transaction. Once both parties sign the OTP, it finalizes the terms of sale, including the purchase price, property description, and any special conditions. Buyers can withdraw under certain conditions, but doing so without meeting the terms may lead to penalties. It’s crucial for both buyers and sellers to review the document carefully before signing to avoid legal and financial complications.