Blue Skies Ahead for Property? Be Prepared with this Buyer’s Checklist: [an extract from an Article by: JARDIM BEKKER INC. Newsletter – November 2024]
Summer’s a great time to look for property. With the year winding down and the holiday season upon us, many sellers who’ve been holding back are now putting their properties back onto the market, so expect to see some great new buys out there.
… The recent interest rate cut, which hopefully heralds more cuts to come, will not only make bond repayments more affordable, but it should also help stimulate our economy generally. If these positive trends hold, the resultant uptick in economic activity, with reduced pressure on consumers and higher earnings for businesses and individuals, should increase demand for property. And that, of course, would see prices move into an upward phase.
Your buyer’s checklist
- Location is key
* Work and schools
* Local amenities
* Safety
* Growth and resale potential - Budget wisely
* Transfer costs
* Bond registration costs
* Rates and levies
* Maintenance - Beware online fraud!
- Conduct a thorough inspection
* Structural issues
* Damp and leaks
* Electrical, plumbing and gas - Who’s the buyer?
- Buying into a complex
- Beware nasty surprises
- Understand the terns of the offer
* Suspensive conditions
* Occupational rent
* Deposit - Get professional help
The Original, Full Article can be viewed here → https://www.dotnews.co.za/Code/Article.aspx?qry=yKPR5eDKNlaukY9Ps7iCg8gHOSWjYz0yc9K4Tn-C4JZRJqGkh5NUU0EJtKnGIUKqhW24jU7ItT8cjyPhwK9fFxohJmncUkASRZjZoq4vJUk=-NOPAD