Weekly Newsletter
Friday, 18 March, 2005

Edition 10 of 2005, Friday, 18 March 2005

Dear Reader,

Nedbank - Property Talk, yet once again the focus falls on finance Minister Trevor Manual's relief from transfer duty to home buyers but is also sound warning against wheeling and dealing in the property market - Real Estate News South Africa

Keep it interesting, that is for sure the most important factor that you have to keep in mind when you compile a newsletter, Dave Welmans from The Property Game surprises me week after week with his interesting articles. This is what Dave have to say this week, This week I’d like to examine whether contrary investing works in the property market as well as the stock market An article yet again, not to be missed.

A few weeks ago an article was placed on an 30 million rand property at Hartebeepoordam, that of our state president Mr. Thabo Mbeki. The South African Secret Service still has a problem with this property, they can simply not find a buyer. Best of all, nearby informal settlement residents has threatened to move in and occupy it, believing that it was "Mbeki's farm" - Buyer needed for secret service property

Property pundits are now looking to the Eastern Cape for the next major property boom and that is where we will be focusing this week - Port Alfred, Eastern Cape, South Africa - Set along the banks of the tidal Kowie River, this picturesque seaside holiday resort has more sunshine days than any other town along the coast, with many attractions and activities on offer. Read more in Focus on.

Buyers driving past properties listed by our CyberAgent users now have a huge advantage. They will be able to SMS the property Internet Number to 35476 and will in return receive an SMS with all the details of the property, contact details of the agency and agent as well as an Internet link where they can view photos on the property - Be in the Frontline!

Enjoy!

CyberProp greetings!
The editor

>> Real Estate News - South Africa

Property Players Must Come To The Party - Nedbank Property Talk

Finance Minister Trevor Manuel has given home buyers some relief from transfer duty, but has sounded a warning against wheeling and dealing in the property market.

In his Budget Review this week, Manuel said the South African Revenue Service (SARS) is aware that some taxpayers are under-declaring the income they derive from property transactions, and SARS will give special attention to this problem in the coming year...

>> The Property Game - Contrary Investing

Supplied by Dave Welmans www.thepropertygame.co.za

This week I'd like to examine whether contrary investing works in the property market as well as the stock market. Contrary investing is buying 'unpopular' and hopefully undervalued stocks hoping for a better return than the norm...

>> Sellers & Buyers should look out for Professionalism!

Homebuyers are reluctant to more than a million rand for property. This has led to a scramble for anything under R800 000. Properties, in the Helderberg area, previously selling for R450 000 is now a rare find. These now go for in excess R800 000

The fact that registered agents increased from 31 000 a year ago to approximately 52 000 now does not make it any easier to find an reputable real estate agent.
Finding an ideal home needs a professional approach. For both sellers and buyers, the support and guidance of a professional estate agent is crucial.

Both Buyers and Sellers are advised to deal with agencies that have a creditable reputation. Bear in mind that you are paying for a professional service, so demand the best..

Try to deal with a company that is linked to a referral network i.e. NRN (National Referral Network). NRN is a group of real estate agencies that has the most members (197 offices in South Africa as at June 2004). They have joined up with Team International with over 500 overseas members. This means your property is listed with people who are serious about property.

Blue Reef Properties upholds the strictest code of ethics. We are a member of the NRN and also serve on the Exco of NRN.

Property will always be a vital part of every investment portfolio.

Western Cape, Swartland, Elandsbaai

Price: R1 850 000
Bed: 10
Bath: 6
Garages: 2
2 Double storey houses - Fully furnished. Total expenses R3000.00 p/ month. Income R11 000.00 per month...

 

 

>> Buyer needed for secret service property

Johannesburg - While the National Intelligence Agency grapples over whether to accept a R7-million bid for its luxury spy house in Cape Town, the South African Secret Service has its own problem.

It has yet to find a buyer for its R30-million property at Hartbeespoort Dam.

This was confirmed on Tuesday by Intelligence Ministry spokesperson Lorna Daniels, who said the SASS house had been on the market since November...

>> E Cape ready to boom

Property pundits are now looking to the Eastern Cape for the next major property boom as the “traditional” coastal area markets reach maturity in terms of stock availability and prices.

That’s the view of the ERA South Africa real estate group, whose brokers believe there is now a brief window of opportunity to acquire excellent coastal and other property in the Eastern Cape at affordable prices...

>> And the kitchen sink?

Homebuyers beware — that attractive feature that finally decided you to make a firm offer on a property may not actually be part of the sale.

Generally, says Berry Everitt, MD of the Chas Everitt International property group, buyers will simply assume that anything that is permanently fixed in place — light fittings, mirrors, built-in bookcases and eye-level ovens, for example — is included in the sale...

>> Focus on Port Alfred, Eastern Cape, South Africa

Set along the banks of the tidal Kowie River, this picturesque seaside holiday resort has more sunshine days than any other town along the coast, with many attractions and activities on offer.

Picturesque Port Alfred is a favourite seaside holiday resort with a friendly, relaxed atmosphere, situated exactly halfway between East London and..

View Properties in the Eastern Cape | View Properties in Port Alfred

>> Property of the week

Eastern Cape, Alfred, Royal Alfred Marina

Price: R3 990 000
Bed: 4
Bath: 3
Garages 2
4 bedrooms, 3 bathrooms 3 lounges, dining room, kitchen and scullery. Enclosed patio. Situated on the Kowie River with a deep water channel and wide water. Large jetty designed by the CSIR, suitable for large sea-going craft...

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>> Newsletter from Nationlink

Dangers of fire can be avoided by homeowners

A home defect that only becomes apparent after an offer to purchase has been made will obviously come as a major disappointment to the buyer, who may have spent months looking for his “ideal” home. But it may not necessitate financial hardship, or cancellation of the deal.

“Even at this late stage, all is not necessarily lost,” says Dr Piet Botha, chairman of the Nationlink estate agency group.

"Bearing in mind that the sellers are probably just as anxious as the buyers to see the home transferred without any hitches, they may still be prepared to negotiate an adjustment of the price, or perhaps to pay for the newly-discovered defect to be repaired.

“Most will realise that if the current buyers pull out of the deal, they will have to disclose the now-known defect to any future buyers, and will thus probably achieve a lower sale price anyway.

“And most will definitely not relish the prospect of the legal action the buyers could instigate if they believe the defect was deliberately concealed from them in order to secure a higher offer.”

Botha warns, though, that the scope of the problem may be bigger than initially thought, and that a need for additional work may only become apparent once repairs have begun. “Thus the buyer who agrees to go ahead with the purchase at a lower price will have to be satisfied that the saving will cover the cost of all the work that needs to be done."

www.nationlinkproperty.com
>> Have fun - Living below your means
We all know the pitfalls of 'living above our means', but few people probably know how to do the opposite and live below our means. It is a well known fact that whether people earn R5000 or R50 000 they usually tend to live a life that uses up every last cent of their pay cheque...

>> Be in the frontline

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 property

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