Pocket Guide e-book

ABOUT US

Our Clients are the CORE of our business! We are committed to "Making a Difference" both to the Property Industry and to you, our valued client! Specialists in the residential sales of free standing homes, as well as flats, simplexes and duplexes. Our services also includes the letting of property and mortgage finance.

WE ARE YOUR AGENTS OF CHOICE!

WHY CHOOSE US?

SERVICE

We firmly believe in forging relationships that will contribute to the longevity and success of our brand by delivering excellence.

KNOWLEDGE

We are a team of well training professionals who ensure that you receive sound advice and guidance.

AVAILABILITY

Making time to listen and ensuring that as an agency we’re available to suit the clients priorities and urgency.

PROFESSIONALISM

We are serious about business etiquette, client liaison and communication.

Our brand is strong and bold, our colour and distinction sets us apart.

BOND ORIGINATORS

Each buyer’s bond application is internally attended to with a designated bond consultant. No unnecessary delays, saving the seller from dealing with “dud” buyers. Personal, individual attention drives results and success.

THE BENEFITS OF A SOLE MANDATE

All buyers are funneled through one Agent.

Your home will not be over-exposed.

You control the marketing price and marketing plan.

One agent = One price

Eliminates the race by other agents for a “quick low offer”.

Provides time for a Sole agent to secure the highest price.

Your Sole agent will provide regular activity reports

There is moral commitment between YOU and the SOLE AGENT.

NO mandate = NO motivation for the agent.

You avoid the risk of double commission .

Choose an Agent you can trust and employ them to do the job!

Grooming is everything,

and tips on staging your home!

The estate agent’s commission.

Costs for electrical, entomology and gas certificates. Service providers certificate rates may vary and additional repairs will be charged accordingly.

Any bond cancellation fee, if applicable. This is charged by the attorneys if you cancel your bond after selling your property.

It is usually R 2500-R 3500 (t&c’s apply)

Early bond cancellation (penalty) fees. If you are intending selling property and cancelling the bond, the bank requires 3 months notice.

COSTS A SELLER SHOULD BE AWARE OF BE AWARE OF EXTRA COSTS

Upfront contribution towards municipal rates and taxes, services and levies (if applicable), usually equivalent to about 4 months’ payments, to get rates and taxes and levy clearance certificates.

A Seller should engage the services of an Accountant to establish Capital gains tax payable.

BUYER INFORMATION

BOND APPLICATION

WHAT TO REMEMBER WHEN APPLYING FOR A BOND

A bond is a loan granted by a bank that uses your home as collateral.

When a lending institution lends you, the potential home buyer, money to purchase a property, the actual house is used as a form of security in the event that the repayments are not made.

The home buyer is required to pay home loan with interest over a period of time, usually running from 20 to 30 years. The instalments are dependent on the interest rate.

If you fail to pay back the loan, the Bank will take possession of the home and it will go through a process known as foreclosure.

WHAT PROCESS IN INVOLVED WITH A BOND APPLICATION?

Once you have made an offer on your desired property and the Sale Agreement (Offer to Purchase) has been accepted by the Seller. Speak to a mortgage originator for the best suitable interest rate. Once all your relevant and requested documents have been received by the bank, the approval process begins. Next step the bank will approve the loan subject to a property valuation (AIP) , from here once the bank has received the valuators comments on the property. The bank will now officially grant the loan, once the loan quotation has been accepted and signed by yourself, the Transfer process will commence.

WHAT

FINANCE-LINKED INDIVIDUAL SUBSIDY PROGRAMME:

FLISP Subsidy Bands

How much FLISP do I qualify for?

Depending on the applicant's monthly income, the FLISP amount they qualify for may range from R 27960 to R121626.

The following table indicate the FLISP low and high bands :

INCREMENT BAND

LowerHigher

3501 3700 121626 9701 9900 89363 15901 16100 57100

3701 3900 120585 9901 10100 88322 16101 16300 56059

3901 4100 119544 10101 10300 87281 16301 16500 55018

4101 4300 118503 10301 10500 86240 16501 16700 53977

4500 117462 10501 10700 85199 16701 16900 52936 4501 4700 116421 10701 10900 84158 16901 17100 51895

4701 4900 115380 10901 11100 83117 17101 17300 50854

4901 5100 114339 11101 11300 82076 17301 17500 49813

5101 5300 113298 11301 11500 81035 17501 17700 48772 5301 5500 112257 11501 11700 79994 17701 17900 47731 5501 5700 111216 11701 11900 78953 17901 18100 46690 5701 5900 110175 11901 12100 77912 18101 18300 45649

5901 6100 109134 12101 12300 76871 18301 18500 44608 6101 6300 108093 12301 12500 75830 18501 18700 43567 6301 6500 107052 12501 12700 74789 18701 18900 42526

6501 6700 106011 12701 12900 73748 18901 19100 41485 6701 6900 104970 12901 13100 72707 19101 19300 40444 6901 7100 103929 13101 13300 71666 19301 19500 39403 7101 7300 102888

7500 101847

7700 100806

7900 99765

8100

70625 19501 19700 38362

69584 19701 19900 37321

68543 19901 20100 36280

20101 20300 35239

20301 20500 34198

20501 20700

20701

TRANSFER PROCESS

AGENT TO TALK YOU THROUGH THE PROCESS

TABLE OF TRANSFER COSTS 2019

OF TRANSFER COSTS 2022

The costs reflected may vary from time to time and we suggest you contact us for an accurate quote. The tariffs indicated exclude rates clearance, levy clearance, home owners association etc

Purchase Price/ General

TABLE OF BOND COSTS 2022

TABLE OF TRANSFER COSTS 2019

RENTAL GUIDE

PROS & CONS OF BUYING & RENTING A HOME

There are pros and cons to renting a property, just as there is to owning a home. Both have advantages and disadvantages, for example renting allows you more expendable money in the short term, while owning a house gives one the sense of security as it is considered a long-term investment.

ADVANTAGES OF BUYING A HOME

Owning a home offers the long-term benefits of security, equity and potential growth in personal wealth

The value of a home will appreciate over time & will be profitable

When you buy a home it becomes your legal property, giving you the freedom as a homeowner

As the Homeowner you can alter the property, including décor changes, landscaping and renovations.

You have the option of buying to rent which enables a Homeowner to generate rental income

Being a Homeowner who ensures repayments are made on time, you can improve your credit profile and have a large investment to your name.

You have the option to refinance your bond amount should you require a large amount of money to pay for major purchases. Save money in the long term as there are possible tax deductions related to income-generating properties.

DISADVANTAGES OF BUYING A HOME

Being a Homeowner comes with huge financial responsibility including bond repayments and regular house maintenance. There are additional costs eg. rates, taxes, insurance, and maintenance for which the Homeowner is responsible.

Economic factors such as a recession, high interest rates, or a decline in the location may hinder growth in equity/value

Long term commitment resulting in less mobility when it comes to being able to move home.

Renting a property allows more flexibility. This is ideal for those who could befaced withsuddenchangessuchas ajob relocation. It isthe best option if you don't intend on stayingin one placefor a long time. As a Tenant, there is the possibility of living in an area in which you could not afford to buy.

Movingoutiseasierfor aTenant, thereisno stressof findingsomeone to take over thelease, or finding a Buyer topurchasethe property. Theonlyinsurancerequired by aTenantwill be to cover the contents of thehome, while all maintenance work on the property is for the Homeowner's account, as is homeowners insurance.

A Tenant may have additional money which they can use to invest elsewhere.

A Tenant is bound by the rules of the lease agreement, which can impact thefreedom to use or renovate the property.

You cannotmakechanges to a rented property withoutthe consent of the Homeowner.

When renting, you will often have to deal with a Rental Agent who will then bethe liaison between you and the Homeowner.

This can result in issues taking longer to resolve since there is a 3rd party involved.

Renting offers no wealth creation or return on investment since the property will never legally belong to the Tenant, and instead, the Tenant is paying towards the Homeowner's home loan.

When renting a property, you willhave no control over annualrental fluctuationswhichare directly affected by inflation.

There is no guarantee that a lease will be renewed when it expires.

INFORMATION FOR LANDLORDS & TENANTS

Letting agents are a valuable resource. They can deal with checking rental payments, renewing tenancies, visiting the property and dealing with any maintenance problems or issues that may arise directly with the tenant.

BENEFITS FOR THE LANDLORD

We have the necessary experience when it comes to lease agreements, we are fully aware of both landlords’ and tenants’rights and will have solid systems in place to do background checks on tenants.

The main advantage is to make full use of our systems, procedures and agreements, and to have our professional advice available when necessary.

Under a managed lease the agent also acts as the middleman in the collection of rent and we would be the one to chase the tenant for any money outstanding.

BENEFITS FOR THE TENANT

We understand the law surrounding rentals and will advise the landlord of his obligations regarding the maintenance of the property as well as the return of the deposit should a dispute arise.”

There is only so much we can do to assist both the Landlord and Tenant. Things can go wrong inspite of the Landlords best intentions or the calibre of tenant. Circumstances change, people lose their jobs, sink into debt or simply have cash flow problems. We conduct background checks to ensure your tenant has a clean credit record, we verify their previous track record as a tenant by conducting reference checks, validate and confirm their employment and ensure affordability.

MAKING A DIFFERENCE SINCE 2000