Cover bond and transfer costs with a home loan of 108%

Are you in the market for your first home? Then trust Nedbank to make it easier to enter the property market with a loan for 108%. That's 100% to cover the purchase price of the property and an extra 8% to cover bond registration fees, transfer duties on your new home, and other start-up costs. It's the easy, flexible way to finance your first home!

Call Nedbank Home Loans on 0860 911 007 or click here for more information.

Rising interest rates and the uncertainty of more to come have dealt the residential property market a low blow, but the real villain of the peace for buyers in new residential developments and particularly first-time buyers is building cost inflation, according to Richard Thomas, Divisional Director of Nedbank’s Property Finance KZN.

Thomas presented a theoretically but overwhelmingly powerful case for aspirant homeowners to purchase with urgency if they were to avoid spiralling building costs in his recent address in Durban on the KZN property sector, according to an article in the October 22 Sunday Tribune Property Guide....

Most people look for bargains when buying property. One of the cheapest avenues is the repossessed market but be warned.

Savings
The biggest advantage is that you don’t have to pay transfer duties since the bank, as the seller, has to pay VAT on the sale of the property. By not paying transfer duties, you can save thousands of rands but you still have to pay attorney’s fees for registering the property in your name as well as bond fees...

A construction blitz by a team of Irish volunteer builders plans to put up 50 houses in a week in a township in Cape Town later this month, the charity involved said on Thursday.

Millionaire property developer Niall Mellon, who set up his Township Trust in 2002, will head an operation that will take 350 builders to the Mfuleni township.

The trust is working in three Cape Town townships: Imizamo Yethu in Hout Bay, Netreg close to the airport and Mfuleni on the outskirts of the city...

Nestling at the foot of the picturesque Langeberg Mountains, Swellendam has much to offer visitors who have an interest in history, nature and outdoor activities. Situated on the N2, approximately 240 km from both Cape Town and George, Swellendam is the perfect choice for a halfway stopover or as a base from which to explore the area...

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Much has been said about the effect on the market of overpricing, mainly caused by home sellers failing to react fast enough to market changes, and often underpinned by inexperienced or unscrupulous agents failing to given them the correct information and advice.

However, another major cause of market stagnation at the moment is the unwillingness of many buyers to commit to a home purchase, in the mistaken belief that everything is overpriced and that they should thus a) withdraw from the market until sellers “come to their senses” and prices come down or b) make every offer a lowball offer “on principle”...

Don’t buy a Bed & Breakfast if you want to make money out of the 2010 Soccer world Cup, warns Neville Schaefer, Chairman of national residential letting company Trafalgar.

“You will make money from the types of property that make you money without a world cup – only more so,” he adds. “So don’t run around looking for a short term pot of gold...

Gautrain Signals Good Prospects for Rosebank Property Market

Rosebank can look forward to a new golden age of property growth and opportunity, courtesy of the Gautrain mass transit system.

So says John Byrne of leading local agency Homenet Select, who dismisses a more skeptical view and points out that the rapid transit system is likely to bring about renewed demand for commercial property in the area which will have a knock-on effect on residential demand and prices.

“Central to this positive impact is the advent of a ‘commuter culture’ in Rosebank, which if properly managed, will be broadly positive for the property market.”

Byrne believes Rosebank will evolve much as popular commuter areas did in the UK, where residential and commercial development sprang up along the rail routes.

“With the impetus provided by Gautrain, there will be a significant rejuvenation of the demand for office and residential space in the area, which will become a base for onward commuting to other destinations on the Gautrain network and, for that matter, a destination in itself.

“Indeed Rosebank has already been identified by the Johannesburg metro authorities as one of nine priority areas for the rationalization and maximization of existing infrastructure, so watch this space…”

Issued by Homenet Select

Professional food sculptor Nancy Maurer shares tips for carving pumpkins.

Instead of carving chunks out of a pumpkin, use a round wood chisel to remove the outer skin of a pumpkin. The yellow rind will glow nicely once the candle has been placed inside the pumpkin...

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
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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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