Exclusive Use Areas In Sectional Title Properties
Following on from our article on Buying in a Sectional Title Scheme, we delve a bit more deeply into Sectional Title Schemes, more specifically Exclusive Use Areas (EUA). To recap, a Sectional Title Scheme is a complex or development where a person purchases a section together with an undivided share in the common property. Sectional… Read more »
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Home Staging: Tips & Tricks To Help You
You’ve decided to sell your home and of course you want to get the most you can for it, but how do you make it stand out from all the other properties for sale? With the current market being very much in favour of the buyer, there are quite a few properties on the market and… Read more »
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Foreign Exchange & Transferring Money Abroad
From Trump to the constant uncertainty around Brexit, China’s growing influence throughout the world and the current situations in Iran and Syria, it’s safe to say the world is a rather unpredictable place at the moment. Of course, all this unpredictability has effects that are far reaching and one of those is currency. On a daily… Read more »
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Purchasers reneging on an Offer to Purchase
In terms of our Law, the Alienation of Land Act, no sale of land shall be of any force or effect unless it is in writing and signed by the Seller and Purchaser. This document is called an Offer to Purchase which constitutes an agreement of sale once signed by Seller and Purchaser. The agreement of… Read more »
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Finding the right Estate Agent to help you
With the advancement of technology throughout the world, many industries and jobs have changed and/or moved online. Real Estate is no exception, with online estate agencies popping up left, right and centre. While some see value in the ability to operate and do things online, when it comes to buying or selling a home, most… Read more »
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South African Financial Emigration
Recent reports have shown that there has been a noticeable uptick in the number of South Africans looking to emigrate, but many don’t know how to go about the financial side of things. While many think that they can simply pack up and go and just “send the money”, the reality is not as straightforward…. Read more »
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VAT & Property
Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »
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Property Transfer and Bond Cost Sheet
Our property transfer and bond cost sheet gives an overview and simple breakdown of the costs involved when purchasing property in South Africa. These costs include attorneys fees (plus VAT), deeds office fees and transfer duty (for the total transfer costs). Please note that this cost sheet shows approximate costs and you should check the… Read more »
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South African Budget Summary 2017/18
Yesterday Minister of Finance for South Africa, Pravin Gordhan delivered his annual Budget Speech, focusing on the 2017/18 year ahead. In his address, he spoke of Government’s plan for growing a stronger economy and having a budget that can thrive and deliver to the country’s citizens over the long term. Expected economic growth this year… Read more »
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Brexit & The Currency
We’re now into month four after the Brexit referendum. The leave campaign was looking like it would suffer a defeat at the hands of the stay campaigners, but as we all know, what would come around at 2am the following morning would be the biggest upset in the governments history. The uncertainty has spooked the… Read more »
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