Weekly Newsletter
Friday, 14 March 2008
Property Search | Estate Agents | List your property

Edition 10 of 2008, Friday, 14 March 2008

Dear Reader

It's back! "Load Shedding". Eskom, at the end of March, is to begin with "pre-emptive load shedding". This because the country did not meet the target reducing electricity demand by 10 percent. According to Jacob Maroga, Eskom's chief executive the electricity system is still "very vulnerable". Eskom is to be begin with "pre-emptive load-shedding" on 31 March.

If you thought the national power shortage crisis couldn't produce any more surprises, think again. Some government officials would like to see a prohibition on electric geysers without a solar heating facility in new dwellings valued at more than R750 000 or that are bigger than 300m². Ban on geysers, pools, office air-con

Although the monthly costs of homeownership such as home loan instalments and municipal rates are on the rise, this is no time to slack off on maintenance. So says Berry Everitt, MD of the Chas Everitt International property group, who notes that keeping your home in top condition will save you money in the long run, and that in the current tight economic conditions the old adage that “a stitch in time saves nine” should be kept in mind. No time to neglect home maintenance

Is mortgage the new marriage? It's a common scenario that one party is officially the buyer, and the other pays some of the mortgage as 'rent', or pays their way by footing the other costs. I know a couple who operated this way for about seven years. When they split, it became startlingly clear that the person who'd bought the house was the winner – she got to stay on, and the house had benefited from seven years of property boom. He, on the other hand, just had a drawer full of receipts, and had to start again, from scratch, without even the deposit on a new home.

Pricing decisions should be grounded in reality rather than wishful thinking. When the time comes to price your home for sale, you may be tempted to start with the price you paid for it, add a healthy mark-up and call it a day. Unfortunately, that strategy is unlikely to result in a true reflection of your home's market value. The CyberProp Blog shares 6 tips today that can help you when pricing your home. How to price your home

In our CyberProp Blog we look at why Homeowners must have their title deeds on hand when selling a property.

Enjoy!
The editor


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>> Real Estate News - Fancy a pad in paradise?

Mauritius is putting the rich first when it comes to expanding the tourism and hospitality sectors in a strategy that focuses on exclusivity.

But to offset criticism in a country where the gross domestic product per capita is below $7,000, the government is also promoting training and social programmes with the help of international developers to provide more than just low-grade work...

>> Cluster is king

In a softer property market cluster homes stand out as arguably the most solid choice for buyers right now.

Gerhard Kotzé, CEO of the ERA South Africa property group, notes that there is no separation of statistics on residential property sales to support the view that clusters are the strongest selling niche in the property market.

“However, anecdotal evidence from our agents suggests that demand and values in this niche are indeed the most robust at the moment.

>> Ban on geysers, pools, office air-con...

Ban on geysers, pools, office air-con Commercial Ban on geysers, pools, office air-con Realestateweb reporter sound ridiculous? Have a look at draconian draft law aimed at easing national power crisis – property industry alert.

If you thought the national power shortage crisis couldn't produce any more surprises, think again.

Some government officials would like to see a prohibition on electric geysers without a solar heating facility in new dwellings valued at more than R750 000 or that are bigger than 300m²...

>> House demand to grow

Demand for residential property in South Africa is expected to pick up towards mid-year, as buyers respond to a peak in interest rates, an improving rental market and slowing house development, a property expert said.

"Although in these relatively gloomy times it is sometimes difficult to see light at the end of the tunnel, it is always important to remember that property runs in cycles, and at some point the cycle turns," said John Loos, a property strategist at First National Bank...

>> No time to neglect home maintenance

Although the monthly costs of homeownership such as home loan instalments and municipal rates are on the rise, this is no time to slack off on maintenance.

So says Berry Everitt, MD of the Chas Everitt International property group, who notes that keeping your home in top condition will save you money in the long run, and that in the current tight economic conditions the old adage that “a stitch in time saves nine” should be kept in mind...

>> Is mortgage the new marriage?

When you own a house together and things fall apart, how do you decide who gets what?

My mother went from her parents' home to her husband's home via a white wedding, and that's the way things were in those days. In small-town South Africa in the post-war years, live-ins with boyfriends were a bit off the wall; women became teachers or nurses, secretaries or clerks until they married, and then, mainly, and if things went right, they were mothers...

>> Letter to the editor

Dear Editor,

What I want to address is the following example:

  • You earn a salary of R5000-00 a month
  • You qualify for R150 000-00 loan
  • There is no houses of R150 000 in Pretoria of course
  • You do not qualify for RDP house because you earn a salary of R5000 pm
  • You pay a rental of R1500,00 PM for boys rooms township
  • You are a single parent of 3 kids (14, 10 & 11)

Any advise please
Rakgadi


Dear Rakgadi,

You will have to look what alternative housing is currently provided. This would all dependant on the area. Outside of Pretoria this may be Atteridgeville or Mabopane

Fanus de Ruyter
BondFinance


From the editor: Indeed it is not easy to find a property for R150 000.00. Of my search on www.cyberprop.com a total search of 10 090 properties in Pretoria I could only find only a handful. My best advice is to contact estate agencies in your area directly.

The only agency with properties under R200 000 was Inpa

Good luck!

>> Cluster properties still good buy

In a softer property market cluster properties stand out as arguably the most solid choice for buyers right now.

Gerhard Kotzé, CEO of the ERA South Africa property group, notes that there is no separation of statistics on residential property sales to support the view that clusters are the strongest selling niche in the property market...

>> SA still cheap, for now

South African buyers are railing against the price of local property, which according to Jacques du Toit, senior property analyst for ABSA Home Loans, has grown a phenomenal 284 percent since the beginning of 2000. However, home ownership is still relatively cheap when compared with London, New York and even Moscow...

>> Focus on Stellenbosch, Western Cape, South Africa

The second oldest town in South Africa, founded by Simon van der Stel in 1679 and renowned for its Cape Dutch buildings, university and wines, Stellenbosch lies in a fertile valley surrounded by vineyards, orchards and mountains.

It is an academic and farming community and one of the best preserved towns in South Africa. Stellenbosch is affectionately known as "Eikestad" - town of oaks

>> View Properties in the Western Cape
>> View Properties in Stellenbosch

>> Property of the week

Western Cape, Stellenbosch

Bedrooms: 4
Bathrooms: 5
Garages: 2

Luxurious gentleman's residence in security estate with magnificent views on Table mountain. Lots of extras like a separate cinema theatre and security.

Search for property in your area

Enter City/Suburb:
>> News from - Anne Porter Knight Frank

Lanice Steward, Managing Director of the real estate agency Anne Porter Knight Frank, was recently dubbed “the consumer’s friend” by a highly satisfied client - and the reason for this was that Steward had pointed out certain weaknesses and possible pitfalls in the developer’s sale agreement.

“In my experience,” said Steward, “most Cape property developers are jealous of their reputations and are ethical and professional - but there have been, and there always will be, a few exceptions to the rule. Anyone buying a home on a plot and plan basis therefore has to be exceptionally diligent, particularly in checking what rights or special conditions the developer has inserted into what appears to be a standard contract...

>> Syndic8 Solutions

Syndic8 Solutions specialises in the fractional ownership of luxury vacation properties and provides comfortable and practical solutions to making an investment commitment. Some of the properties in our portfolio include:

Zebula Country Club - Bella-Bella - From R475,000
African bush lodge experience.

For four weeks a year, you could own a portion of paradise. Zebula Country Club - Bella-Bella is an upscale, established bushveld estate, luxuriously nestled in the Limpopo Province, just 20 minutes outside the sunshine town of Bella-Bella. The reserve is situated in the peaceful and protective shadow of the majestic.

  • 5 Star Rated Estate
  • Waterberg Mountains
  • 4 Double bedrooms and 5 bathrooms
  • Peter Matkovich designed golf course
  • 20 Minutes from Bella-Bella
  • Zebu Health Spa
  • Game viewing in an adjacent Big 5 game reserve
  • Spectacular views from surrounding wooden decks

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4-week share is from R475 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pinnacle Point Fynbos Village - Mosselbay - From R385,000
Pinnacle Point Fynbos Village has been referred to as golf’s new “Garden of Eden”. Situated at the gateway to the magnificent Garden Route.

We are offering you this luxuriously furnished seaside paradise and golf course extraordinaire as an ideal chance to Buy into Life.

  • 4 Bedrooms, 4.5 bathrooms
  • 180° Sea view
  • 2 Private beaches
  • 4-Seater golf cart
  • Casino Centre
  • Wellness Centre

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is fromR 385 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Pecanwood Estate - Hartebeespoort Dam - From R445,000
This is a proud new addition to the Syndic8 Solutions exclusive portfolio. Situated only forty minutes from Johannesburg, Pecanwood boasts a magnificent Jack Nicklaus signature golf course, which forms the perfect backdrop for the distinctive architecture of the luxurious homes. We are offering you this lavishly furnished house as the perfect chance to Buy into Life.
  • 5 Bedrooms, 4 bathrooms
  • 1 Jet ski & 1 Ski boat
  • 18 Hole Jack Nicklaus signature golf course
  • House beautifully positioned on fairway
  • Rated No.1 residential Golf Estate
  • House is situated in The Peninsula
  • Breath taking mountain surroundings
  • Walking distance from The Boat Club

Syndic8 Solutions invite you to become a part of this exclusive opportunity, at a fraction of the cost of whole ownership.
The price per 4 week share is from R 445 000.
For further information contact us today and we’d be happy to introduce you to the syndication of a lifetime.

Contact Syndic8 Solutions for more information:

0861 114 894 / +27 12 644 1495
www.syndic8solutions.co.za
info@syndic8solutions.co.za

>> Software at its best!

The Property Manager provides you with a very extensive and detailed list of criteria which you can capture for your property listings and gives you the control to decide how you would want these properties to be displayed on the Internet

  • Manage property for sale and previously sold
  • Activate or deactivate Internet listings with immediate effect - no waiting!
  • Keep track of your On Show and On Special properties and list them on your website
  • Print and email multiple reports
  • Unlimited number of pictures
  • Keep a history database

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

For Sale Property:
Eastern Cape Freestate Gauteng Kwazulu Natal Mpumalanga North West Northern Cape Limpopo
Western Cape

To Rent Property:
Eastern Cape
Gauteng Kwazulu Natal North West Western Cape


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