OFFER TO PURCHASE AND DEPOSIT PROCESS EXPLAINED
Written by Jolinde Kruger, Qualified PP Mentor & Head of Private Sales & Developments at Cilliers Auctioneers DEPOSIT Deposit of 10% required based on the offer amount.We are dealing with…
NEWS FROM IOL
South Africa could be on the verge of a cyclical economic recovery, investors say Reza Hendrickse, portfolio manager at PPS Investments, shares the following: Economic growth remains below potential, but…
PROPERTY NEWS
CALCULATING THE COSTS INVOLVED IN SELLING A PROPERTY ARTICLE: IOL PROPERTYThere are legal and administration costs involved when selling a property.Bond cancellation: This is a legal cost that is carried…
PROPERTY SALES PLUMMET
SEEFF CALLS FOR A RATE CUT AS PROPERTY SALES PLUMMET According to Samuel Seeff, chairman of the Seeff Property Group, property transaction volumes have plummeted by 25% to 17,350 monthly…
SOUTH AFRICAN RENTAL MARKET
In residential and commercial sectors rental availability increased. The demand for rental properties is bigger and home ownership is declining because of the higher interest rate and inflation. This results…
“GNU Could Be Positive For High Interest Rates & Rental Demand Surpasses Supply”
“Surfing around the net and reading up on the talk in-and-around the “grapevine” it seems most consumers, investors and experts sees the forming of a GNU [Government of National Unity]…
CYBERCRIME
CYBERCRIME IN REAL ESTATE Real Estate can be seen as an easy target. In the process of buying and selling property, transactions include the transferring of large sums of money.According…
NO MORE PENALTIES FOR RETURNING AGENTS
Regulation 15.4 of the Property Practitioners Act stated that property practitioners had to notify the PPRA in writing when ceasing operations, thus not renewing their FFC’s. (Fidelity Fund Certificate) To…
REBOSA tackles PPRA over “misinterpretation” of BEE requirements
REBOSA (Real Estate Business Owners of South Africa) has presented its case against the PPRA’s (Property Practitioners Regulatory Authority) announcement that a “compliant” BEE certificate is needed when agencies…
SNIPPETS FROM PROPERTY PROFESSIONAL
Sakeliga takes the PPRA to court over BEE According to Sakeliga CEO Piet Le Roux, it is taking legal action against the PPRA (Property Practioners Regulatory Authority). Real Estate businesses…