Weekly Newsletter
Friday, 12 August, 2005
Property Search | Estate Agents | List your property

Edition 30 of 2005, Friday, 12 August 2005

Dear Reader,

THE risk posed to inflation by high international oil prices made it “inappropriate at this stage” to cut interest rates, despite the generally positive outlook for inflation, Reserve Bank governor Tito Mboweni said yesterday. Announcing the decision of the Bank’s monetary policy committee to keep the repo rate at 7%, Mboweni warned that oil prices — which hit new records above $65 a barrel yesterday — could prove to be the inflation “party poopers” - Business Day

According to Dave the question is; Do I fix my bond rate or not? Until recently, South Africans had a very limited option in terms of fixing a rate on their bonds. Financial institutions allowed bondholders to fix their rate for up to 2 years maximum. Dave share more thoughts with us in his weekly article. You can now also order Dave's book, The Property Game, directly from us - not too be missed in Have Fun this week.

"One of the surest ways to add value to a home is a kitchen makeover and it has never been easier to accomplish. This according to Dr. Piet Botha from Nationlink. He believes that the kitchen can make a major impact on potential home buyers. Afterall, is it not the women who has the last say?

A town named by President Burgers of the Zuid-Afrikaansche Republiek as he hoped that the town could become the light of the region. The town - oasis of the North West - with its unique historical background and special places of interest, coupled with its tranquility and moderate climate is worth a stop-over. The town is today the centre of a huge farming district where maize, groundnuts and sunflower seeds are the main crops. Lichtenburg, North West Province, South African is where www.places.co.za takes us this week

CyberProp greetings!
The editor

 

>> Real Estate News - South Africa

Draft law puts sectional title owners at risk

LAST-minute changes to the Sectional Titles Amendment Bill, following representations to the parliamentary portfolio committee on agriculture and land affairs, could rob sectional title owners of a major victory in the fight against levy defaulters.

Owners of sectional title units may now be held accountable for debt racked up by their bodies corporate even though they have paid their levies in full...

>> The Property Game - To fix or not to fix?

Supplied by Dave Welmans www.thepropertygame.co.za

Until recently, South Africans had a very limited option in terms of fixing a rate on their bonds. Financial institutions allowed bondholders to fix their rate for up to 2 years maximum. This was usually at a premium to the prime rate. Nowadays, some new innovations have allowed SA Home Loans to offer a 20-year fixed bond rate at prime plus 1.5% or 12% at the current prime rate. The question is: do I fix my bond rate at this rate for 20 years or not? The facility does exist to refinance at a lower rate if the prime rate does drop too, so this fixing will really protect you on the downside, that is, if rates start to go up but still give you the option of moving down should rates drop...

>> House hunting can be a fascinating activity

"House hunting can be a fascinating activity — it’s the only time that you can walk into a stranger’s home and snoop around without fear of arrest. But, as much as it may satisfy your voyeuristic traits it can also become a long and arduous task. Once you have found your perfect home there are more choices to be made; not least of which is finding the best deal on a bond.." says Iona Minton

CyberBonds(Pty)Ltd. is a mortgage originator company and is responsible for processing new bonds and transferring existing bonds. Supply us with your contact details and one of our friendly CyberBonds consultants will contact you with expert advice on transferring your existing bond or help you apply for a new bond.

CyberBonds now offer these services, which can save you a lot of time and effort when looking for the best deal. Consumers can get loan approval in a couple of hours for no increased costs or obligation. In addition consultants will shop around for the best rates and packages that suit your particular needs.

--- Your Gift Voucher is waiting! ---

When you take out a home bond through CyberBonds, on registration you will receive a R250 gift voucher from MacBryan's Gifts. They have a wide assortment of items for sale with a category for almost every type of person at just about every age. So don't hesitate, you can only win.

>> Can a kitchen makeover boost the value of the property?

ONE ofthe surest ways to add value to a home is a kitchen makeover and it has never been easier to accomplish.

Modem open plan home designs mean that the kitchen is much more important than it used to be Dr Piet Botha chairman of the Nationlink estate agency group points out...

Article by

>> Focus on Lichtenburg, North West, South Africa

Lichtenburg was named by President Burgers of the Zuid-Afrikaansche Republiek as he hoped that the town could become the light of the region. The town - oasis of the North West - with its unique historical background and special places of interest, coupled with its tranquility and moderate climate is worth a stop-over...

View Properties in the North West | View Properties in Lichtenburg

>> Property of the week

North West, Lichtenburg

ENCHANTING AMBIANCE WITH GUESTHOUSE POTENTIAL. 5 Kilometers from Lichtenburg, Northwest, Province. Size of land 85.65HA 1. House-3 bedrooms with 3 bathrooms. Guest loo, large kitchen, Dining room, 2 living rooms, scullery and linen room, Double auto garage. All rooms in house equipped with air-con. 2. Flatlet-2 bedrooms plus bathroom. 3. Lapa with built in braai, bar, toilet & place for a campfire. 4. 2 Big sheds with servants quarters. 5. Land-the entire land is fenced with electric fencing. Borehole with irrigation and sprinkler system and self driven "canon" water irrigation apparatus. Electric fencing around the house flat & lapa. Beautiful trees and garden. 6. Game: ±200 'Blesbuck', ±160 Springbuck, 12 Ostriches, 2 Emu's. If you want to relax in a quiet secure and beautiful surroundings then R2 800 000.00 is a steal. The price includes all the equipment, game & curtains. Reason for selling-owner wants to retire.

Search for property in your area

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>> Fix crumbling homes, protesting residents say

Philippi residents are outraged at the shoddy workmanship and "excessive" bond payments on their new homes.

On Tuesday about 50 residents of Acacia Park in Philippi protested against the poor state of their homes. They say shoddy work has left many houses with cracked walls, leaking roofs and malfunctioning plumbing.

>> Have fun - The Property Game

The Property Game
By Iona Minton & Dave Welmans

“The thing that I like most about property is that God’s not making any more of it”. Mark Twain. Author

Financial experts may not always agree on the best ways to grow wealth, but they will all agree that property is a vital element of a solid, diversified investment portfolio.

This book is a step-by-step guide on how to play the South African Property Game. It will show you how to get into the market and then maximise the profit potential of this significant investment. It aims to eliminate chance and minimise risk, turning your property investments into sure bets. The Property Game will teach you the rules of buying and selling, capitalising on the collective experience of investors, and prevent you from making common mistakes.

This book will show you how to:

  • Plan your finances in order to acquire property
  • Find your perfect house
  • Negotiate the best deal.
  • Invest for future prosperity
  • Avoid the pitfalls associated with property transactions

to order

>> News from PROprop Property Group

Mr. Mike Bennett, Managing Director of the PROprop Property Group shares the following article with our readers:

Landlords warned not to take the law in their hands

While it might be tempting to lock a tenant out of the property because of non- payment of rent, landlords need to think twice before taking the law into their own hands.

That's the warning from Terry Brookes, chairman of the 210-office National Referral Network (NRN), who in a Cape Town interview, says that since the law strictly prohibits a landlord from seizing a tenant's possessions unless a court order has been obtained, such a course of action could turn out to be extremely costly...

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>> Software at its best!

CyberAgent ahead of the market again

Just for a moment, imagine the future of the real estate business… Have you ever seen yourself being able to list property details, take pictures and publish sales information and ads at the touch of a button, while out in the field? Or simultaneously access your state-of-the-art property management system, providing immediate, up to the minute advice for buyers or sellers, on the spot? Can you imagine holding the future of the real estate business in the palm of your hand? Now, with CyberAgent Mobile from USP Designs, that future has become a reality.

 

If you would like to know more about the above features and benefits that CyberAgent offer, visit: www.cyberagent.co.za or email: sales@cyberprop.com

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