Weekly Newsletter
Friday, 15 June 2007
Property Search | Estate Agents | List your property

Edition 23 of 2007, Friday, 15 June 2007

Dear Reader

Applying for a home loan under the new credit act is not all that bad. We all assumed that applying for a bond will take longer even if you have a well paying job and a spotless credit record. I applied for a bond this week and have already received my answer. The only "funny" thing was the new Final Grant of Quotation that the financial institutions now have to issue.

United States - the updated U.S. housing valuation analysis shows a widely dispersed drop in single-family home prices, resulting in a continued decline in the incidence of overvaluation in the nation's housing market. Is this going to happen in South African? Real Estate News - USA - House prices drops

Looking for a place to buy as a first time buyer? Experts say that some of the new buying hot spots are in areas you would not really have thought of buying in before, but you might be surprised and even find a real gem, Reinventing suburbia

"Planning is key to successful homeownership and the first thing to plan is how to afford your first property". So says Dr Willie Marais, president of the Institute of Estate Agents(Ieasa) Plan ahead for home ownership

The numbers of black buyers in South Africa buying property at auctions is increasing. This in not just the case in buying property to live in but also for investment purposes. More blacks at property auctions

We received a request on what the prime interest rate history was from mid 2006. I found this very interesting. To read more visit our CyberProp.com Blog.

Enjoy!
The editor


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>> Real Estate News - USA - House prices drops

Global Insight, the world's leading company for economic and financial analysis and forecasting, today released the first-quarter 2007 update of its study, House Prices in America. The updated US housing valuation analysis shows a widely dispersed drop in single-family home prices, resulting in a continued decline in the incidence of overvaluation in the nation's housing market...

>> Can you afford it?

Planning is key to successful home ownership and the first and most essential thing you need to plan is what you can afford to pay for your first property.

President of the Institute of Estate Agents Dr Willie Marais says that planning what you can afford is essential, as making the long-term commitment to buy a home can be especially daunting when you have doubts about how far your income will stretch...

>> Mortgage advance growth in decline

Growth in the value of outstanding residential mortgage advances is expected to continue its decline until well-into 2008, ending the year significantly lower at 17% year-on-year (y/y) from a current 27.3% y/y, says FNB property strategist, John Loos...

>> Non-residents caught in SARS tax net
Rodney Hayter

Section 35A of the Income Tax Act, inserted into the Act by section 30 of the Revenue Laws Amendment Act, 2004 deals with the withholding of tax in respect of non-residents who dispose of property in South Africa.

This section was inserted into the Income Tax Act during 2005 and was originally to come into operation on a day to be proclaimed by the President...

>> Reinventing suburbia

Looking for a place to buy as a first time buyer? Experts say that some of the new buying hot spots are in areas you would not really have thought of buying in before, but you might be surprised and even find a real gem.

The 'new suburbs' are old suburbs made new and areas which were never considered before but have now seen burgeoning growth...

>> Focus on Sedgefield, Western Cape, South Africa

Located between Knysna and George with the beaches on one side and the pine tree forest on the other side lies the town of Sedgefield. The village provides the perfect atmosphere in which to relax, have a sundowner on the shores of the lake, or to take a stroll along the beach at sunset.

>> View Properties in the Western Cape
>> View Properties in Sedgefield

>> Property of the week

Western Cape, Sedgefield

Charming Old World Style Cottage consisting of 4 bedrooms/3 bathrooms. Use of indigenous wood in beams, garage and windows. Open plan living leading onto well planned garden. View deck with views towards greenbelt. A must see!

Search for property in your area

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>> More blacks at property auctions

THE traditionally white male property industry is gradually changing to reflect the country’s demographics, judging from the number of black buyers at South African property auctions.

Rael Levitt, CEO of the Alliance Group, the holding company of auction group Auction Alliance, says he has “no doubt that in five years’ time, black buyers will constitute the majority of private commercial property investors in SA”.

>>News from - Chas Everitt

Boland lifestyle not only for the super-rich

You don't need to buy a farm to live in the Cape winelands - and neither do you need to be super rich.

That's the word from the Chas Everitt International offices in Wellington, Paarl and Franschhoek. "The Boland lifestyle, with its spectacular views of the mountains and vineyards and its rich cultural heritage, is still within reach of average families," says Henriette Basson, who owns the agencies in partnership with husband Dries...

>> From the CyberProp Blog

Tips for Buying A Home When You're Single

It appears fewer singles are buying homes. And competing against dual-income bids in a period of low interest rates and a dearth of available homes could spell more tough months ahead for single homebuyers.

The biggest factor for singles and families continues to centre on location—the area, price, and work, school, family, and friends.

As economic uncertainty lingers, many single homebuyers' biggest concern is whether they can afford a home, especially when some areas of the country are experiencing increasing home prices, making it a challenge for single and married buyers alike...

>> Plan ahead for home ownership

Planning is key to successful homeownership and the first thing to plan is how to afford your first property. So says Dr Willie Marais, president of the Institute of Estate Agents(Ieasa), who notes that making the long-term commitment to buy a home can be especially daunting when you have doubts about how far you income will stretch...

>> Software at its best!

Cell Phone enquiries from the public

Buyers driving past your advertising boards will be able to see an unique Internet Number allocated to the specific property. They will then SMS that number to 35476 and will receive an SMS back with all the details of the property. At the same time the agent / agency will also be informed of a potential buyer. How's that for technology working for you! The cost - mahala! Free to all CyberAgent subscribers.

Here's a diagram on the way this process will work...

  1. Agent captures the details of the property and pictures into CyberAgent
  2. Agent updates the property to the Internet
  3. The Internet server sends back a unique number for that property
  4. Agent puts up his "For Sale" board together with our SMS board
  5. Potential buyer sees the "SMS" board and SMS's the unique number to the Internet server
  6. The Internet server sends back an SMS with all the property details and a link to the website where he/she can view pictures on the propert

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 Northern Province Western Cape

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


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