Realty Agent Specialist agent profile

Estate Agent Property News Articles

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.

Market & Opinion

Rental growth surges in Q2 2024

03 Sep 2024

Rental growth in South Africa surged in Q2 2024, reaching its highest post-pandemic levels. The PayProp Rental Index shows year-on-year growth peaked at 5.2% in June, outpacing inflation for the first time in five years. While tenants face rising debt burdens, landlords and rental agents are seeing real-terms returns improve, signaling a potential recovery for the sector. Provinces like the Western Cape are leading the way, with rental growth hitting 11.7% – the fastest since 2017.

Market & Opinion

Marketing Magic: How to Showcase Your Home Effectively

22 Aug 2024

In today’s competitive market, showcasing your property to sell is more than just an option - it’s the magic that turns potential buyers into eager homeowners. Want to know how to hook those buyers? Read on to discover the art of marketing your property like a pro.

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.