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Property News - 03 March 2016

FROM THE EDITOR

The recent ruling by the Supreme Court which states that the current owner can be held liable for any arrears in taxes, rates and other utilities incurred by past owners – going back up to 30 years – comes as a blow to the property market. "While this judgement will almost certainly be challenged in the Constitutional Court it has certain far reaching and immediate ramifications for buyers, sellers and lenders”, says Bruce Swain, MD of Leapfrog Property Group. Read more in Buyers and Sellers Protect Yourselves from Historic Debt

In Here’s why you may not want a 100% home loan, we read that there is always a risk involved in borrowing more than a property is currently worth and that a buyer who puts down a good deposit and uses cash to pay the transfer costs will usually be able to negotiate a lower interest rate - and will immediately start building equity in his or her home.

According to research done by some residential property experts in the UK, things aren’t actually as cut and dried as we might think when it comes to factors that can influence the value of your home. Subconscious psychology may be playing just as big of a role in purchase decisions as straight-up facts. Read more in Weird ways your house price could be boosted

Enjoy!
The editor

Property of the Week

House for sale in Atholl, Sandton, Gauteng
4 Bedroom House for Sale in Atholl, Sandton, Gauteng

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In the News this week


Buyers and Sellers Protect Yourselves from Historic Debt

Buyers and Sellers Protect Yourselves from Historic Debt
The recent ruling by the Supreme Court which states that the current owner can be held liable for any arrears in taxes, rates and other utilities incurred by past owners – going back up to 30 years – comes as a blow to the property market...
Buyers and Sellers Protect Yourselves from Historic Debt

Here’s why you may not want a 100% home loan

Here’s why you may not want a 100% home loan
It’s not easy to achieve, but about 38% of homebuyers are currently still being granted no-deposit or 100% home loans – and in some instances loans that not only cover the whole purchase price of their new home but their transfer fees and bond registration costs as well...
Here’s why you may not want a 100% home loan

Why online expertise is vital

Why online expertise is vital
Some of the most interesting research undertaken by the National Association of Realtors (NAR) in the US is its annual survey of homebuyers and sellers, which reveals the biggest current trends in real estate, and especially how buyers go about finding their new homes...
Why online expertise is vital

Weird ways your house price could be boosted

Weird ways your house price could be boosted
When it comes to property prices, many of us assume we know the factors that contribute to the value of those sky-high listings. Location, location, location; great design and finishes; and plenty of space, right?
Weird ways your house price could be boosted

Plan kitchen renovations carefully

Plan kitchen renovations carefully
With kitchen renovations possibly being one of the most expensive room revamps one can undertake in a home, it makes sense to spend as much time as possible in the planning phases as mistakes are not easily undone, says Anne Porter, head of Knight Frank Residential SA...
Plan kitchen renovations carefully

Sectional Title owners need to take alterations seriously

Sectional Title owners need to take alterations seriously
Look at any block of flats and there will be some balconies enclosed to create extra living space. Check any townhouse complex and you’re likely to find some carports converted to storage areas, or drying yards turned into laundries, or patios made into studies or spare bedrooms...
Sectional Title owners need to take alterations seriously

End of financial year means AGM time for sectional title schemes

End of financial year means AGM time for sectional title schemes
Living in a sectional title scheme can bring many benefits in the shared costs of space and various amenities, but it is up to the members (owners) of the scheme to actively be involved and take an interest in their asset and what is happening in the scheme...
End of financial year means AGM time for sectional title schemes
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Focus on Atholl, Sandton, Gauteng

Focus on Atholl, Sandton, Gauteng
Atholl residential market continues to hold its own

The exclusive northern Johannesburg suburb of Atholl, which boasts wide tree-lined streets, elegant properties and myriad top-notch entertainment and leisure options, also continues to offer home owners a solid return on investment...
Focus on Atholl, Sandton, Gauteng

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In the Area

Durban North's rock solid property market instills confidence in home buyers

Durban North's rock solid property market instils confidence in home buyers
With average selling prices of freehold residential property and sectional title homes increasing in value by 56 percent and 34.5 percent respectively from 2010 to 2015, Durban North’s property market strikes a chord with home buyers and instills investor confidence, particularly in the higher income group.
Durban North's rock solid property market instils confidence in home buyers

Big Bay a thriving hub

Big Bay a thriving hub
It is no surprise that the world record for the most kite-surfers on the water at one time was broken recently at Blouberg, with 415 people taking to the water as part of a Virgin Kitesurfing Armada organised event...
Big Bay a thriving hub
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"This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that formal advice be sought before acting in any of these areas."

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