| CLARIFY THE DATE AT WHICH THE OWNERSHIP RISKS PASS TO THE BUYER - OR RISK LOSING OUT
Bill Rawson - Chairman Rawson Properties - January 2012 |
01 October 2012
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Excerpt from Weekend Argus 8 January 2012
It is important that both the seller and the buyer of a property establish exactly when the buyer is liable for all the risks on that property once the deal is set in motion.
A great many assumptions are made in relation to this matter and very often they are invalid.
The two crucial dates on which most agre... |
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| COMMON MISCONCEPTIONS ABOUT RESIDENTIAL PROPERTY FINANCE |
22 February 2012
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| EXPANDED BEETLE CLAUSE OFFERS IMPROVED PROTECTION
Cape Argus 4/02/2012 |
15 February 2012
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The SA Pest Control Association (Sapca) now has a full disclosure approach to wood borer clearance certificates.
As this entails a more detailed inspection of the timber in a residential building before signing a deed of sale, the expanded beetle clause would be of significant importance and value,to prospective home-owners, estate agents and banks issuin... |
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| FIXED INTEREST RATES ARE NOT BENEFICIAL FOR EVERY BONDHOLDER
BILL RAWSON - Chairman Rawson Properties - December 2011 |
21 December 2011
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Excerpt from Weekend Argus 11 December 2011
If, for whatever reason, it is important to bondholders to be able to budget ahead with complete accuracy, it could be a good idea to fix the interest rate ... |
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| BEWARE OF OVERPRICING: IT LEADS NOWHERE
BILL RAWSON - Chairman Rawson Properties - December 2011 |
21 December 2011
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Excerpt from Weekend Argus 5 December 2011
Among home sellers there will always be a tendency to think that the valuation given by the selling agent, on the property is unrealistically low.
Regrettably, there have been fly-by-nights in a few of the less reputable agencies who, in order to achieve a quick sale, have undervalued properties - but most... |
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| THE APPOINTMENT OF THE RIGHT CONVEYANCER IS CRITICAL
Bill Rawson - Chairman Rawson Properties - November 2011 |
14 December 2011
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Excerpt from Weekend Argus 27 November 2011
In the sale of property, who has the right to choose the conveyancer?
This apparently simple matter is more complicated than it might appear. There are three options open to the seller and the buyer.
In South Africa, traditionally the seller is allowed to choose the conveyancer, who will then represent him... |
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| COMPANIES OR TRUSTS THAT BUY HOUSES NOW PAY SAME TRANSFER DUTY AS INDIVIDUALS |
30 November 2011
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Excerpt from Weekend Argus 26/11/2011 - Ben Strauss
The Taxation Law Amendment Bill proposed changes to the rates of transfer duty from January 23 this year.
First, the rates are reduced. Someone who acquires immovable property pays transfer duty as follows: nil where the value or price is less than R600 000; 3 percent on the amount of the value or... |
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| PROPERTY BOSSES WELCOME RESERVE BANK DECISION TO KEEP INTEREST RATES STEADY |
29 November 2011
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Excerpt from Weekend Argus 19 November 2011
Reserve Bank governor Gill Marcus announced after this month's Monetary Policy Committee meeting that the interest rate will remain at its current rate in the hope that it would stimulate further activity in the economy.
The prime rate has been left at nine percent for over a year.
Adrian Goslett, chie... |
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| IT'S STILL A GREAT TIME TO DO BUSINESS |
24 November 2011
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Excerpt from Weekend Argus 14/11/11
FNB PROPERTY ECONOMIST FINDS SEVERAL REASONS TO BE CHEERFUL IN SPITE OF ECONOMIC STAGNATION.
The 100 or so members who attended the recent Western Cape Institute of Estate Agent's annual meeting were treated to a talk on South Africa's economic and property conditions by John Loos, property economist at First Nat... |
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| LACK OF HOUSE PRESENTATION |
23 November 2011
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Excerpt Weekend Argus 19/11/2011 - Bill Rawson
What is the most common mistake made by those selling homes?
Over-pricing still remains the biggest cause of houses staying on the market for longer than is necessary, but just as troublesome is that there is a regrettable reluctance amongst sellers to prepare their home properly for viewers.
A few ... |
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| KNOW THE HOUSE RULES |
23 November 2011
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A sale agreement comes into effect when a prospective buyer makes a written offer to a seller and the seller accepts that offer to purchase his/her property on the terms and conditions agreed upon.
The next step is to give effect to this sale by formally transferring the property from the Seller to the Buyer as registered and recorded in the Deeds Office.... |
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| HOW TO AVOID 'COWBOYS' WHEN YOU IMPROVE YOUR HOME |
22 November 2011
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Excerpt from Weekend Argus 14/11/2011
High transfer costs and uncertainty about being able to get a new home loan are prompting many homeowners to improve or alter their existing homes rather than move.
And usually, says Berry Everitt, managing director of the Chas Everitt International property group, that means dealing with builders and other con... |
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| SOUTH AFRICAN HOMEOWNERS NOT OVERSPENDING - IT IS COSTS BEYOND THEIR CONTROL THAT KEEP HOUSE GROWTH BELOW THE INFLATION RATE |
16 November 2011
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Excerpt from Weekend Argus 13/11/2011
Bill Rawson - Chairman Rawson Properties - November 2011
The latest FNB house price index puts year on year house price growth at 5.1%, indicating that, in real terms, house prices are still declining - by 0.06% per annum. The higher inflation rate seem to indicate that South Africans have increased their spen... |
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| POLITICAL CLIMATE 'WILL BOOST PROPERTY MARKET' |
15 November 2011
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Excerpt from Cape Argus 14/11/2011
There has always been a strong link between political confidence - faith in the future of the country - and home-buying confidence, says Bill Rawson, chairman of Rawson Properties.
"Surveys have shown that political confidence - or the lack of it - can often be more important than traditional decision-influencing ... |
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| UNDERSTANDING HOW BANKS GO ABOUT VALUING PROPERTIES |
11 November 2011
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Extract from Cape Argus 16/10/2011
The general public are much better informed on property matters and their increased knowledge has become apparent in the questions they put to agents and the requests they regularly make for carefully researched information to back up the agent's statements.
Nevertheless says Rob Lawrence, national manager of Raw... |
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| INVESTING IN PROPERTY IS STILL WORTHWHILE - BUT FOLLOW THE RULES AND BE PATIENT |
27 October 2011
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Excerpt from Weekend Argus October 8 2011
Speaking in Stellenbosch in a series of investment advice evenings being organised by Rawson Properties, Tony Clarke, Rawson Group managing director, told the 50 people present that history would show 2011 was a great time to buy property.
"Most people want to know when will there be a recovery. I can't giv... |
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| FIRST TIME BUYERS KEEP SALES MOVING |
27 October 2011
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Excerpt from Cape Argus 27 August 2011
PRICE OF AVERAGE SA HOME ABOVE R800 000 THANKS TO MIDDLE CLASS
Anyone looking for positive data about the residential market should take note of what the latest FNB Property Barometer says about the rise in the number of first-time buyers, says Rawson Properties director Sean McCauley.
"About 25 percen... |
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| MIDDLE INCOME BUYERS DISCOVER A TREASURE TROVE OF VALUE AND POTENTIAL IN PLUMSTEAD |
26 October 2011
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Excerpt from Cape Argus
According to FNB's estate agent survey for the second quarter of this year, buyer demand in the mid-market sector was rated the highest by estate agents at 6.21 out of 10.
The survey also indicated that the highest demand was for properties with an average price of R1.21 million. This is confirmed by Seeff's agents in Cape T... |
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| SPOT THE WARNING SIGNS |
25 October 2011
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This was an excerpt from the Argus
When house hunting, be sure you dont overlook the crack in the wall because youre so busy admiring the beautiful painting next to it Don MacAlister
I have been trying to help you along the path of selling your existing property and buying a new residence. In the last article we walked around the outside of your p... |
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| AVOID UNPLEASANT POST-SALE ROWS, AND DON'T SHOW WHAT YOU DON'T WANT TO SELL |
11 October 2011
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Exerpt from Weekend Argus 27 August 2011
There's nothing more disappointing than walking into your new home only to find that many of the items you thought were included in the sale - like carpets and light fittings, the gas braai and the satellite dish - have been removed.
"But this can happen all too easily without a well written sale agreement,"... |
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| PROPERTY OFFERS A SOLID RETIREMENT OPTION |
11 October 2011
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Excerpt from Weekend Argus 23/10/2011
Almost 10 million South Africans are expected to retire in the next 25 years, and the Sanlam 2011 Benchmark Pensioner Survey shows that 80 percent of them have not achieved their pre-determined retirement goals.
On average, 31 percent believe they have not saved enough capital to last the rest of their lives, and ... |
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| POSITIVE OUTLOOK FOR LOCAL PROPERTY MARKET |
11 September 2011
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Excerpt from Weekend Argus 27/8/2011 - Jonathan Smiedt
"The world is sneezing but there's no reason for SA to catch the cold", says top city auctioneer.
Although house prices worldwide continue to show a downward trend, South African homeowners and property investors should remain positive, as in many ways the country is shielded from the global cr... |
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| Family homes price growth still solid |
17 August 2011
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Family suburban homes market is reportedly very solid and stable when compared to sectional title properties in terms of price growth.
According to the FNB Property Barometer Q2 2011 Segment House Price and Market Strength report, the typical three bedroom family home market (the largest full title market) is solid because it was less of a first-time ... |
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| DECEASED ESTATE PROPERTIES OFTEN THE SUBJECT OF LEGAL BATTLES, SAYS TOP ESTATE AGENT |
12 July 2011
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Excerpt from Weekend Argus 26 November 2011
Property bequeathed in deceased estates often runs into legal snags, says Lanice Steward, managing director of Anne Porter Knight Frank.
In may cases, this is due not so much to the people involved being dishonest but to an ignorance or a misunderstanding of legislation.
"A recent High Court judgement... |
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| OLD BELHAR HOMES ARE HOT PROPERTY |
12 July 2011
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Excerpt from Weekend Argus 23 November 2011
Demand on Cape Flats is growing from first-time buyers and owners looking to upgrade.
There is strong demand for homes in Cape Flats areas such as Mitchells Plain, Athlone and Elsies River, says Pam Golding Properties (PGP) area principal Nazmie Anthony.
He said the demand was from first-time buyers as... |
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| RENTAL STOCK SHORTAGE AS DEMAND GROWS FROM LOWER AND MIDDLE INCOME GROUPS |
12 May 2011
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Excerpt from Weekend Argus 19 November 2011 - Jacques le Roux
Economic uncertainty, high consumer debt ratios and tight bank lending criteria in making rentals popular, especially among the lower and middle income earners, says Seeff Strand and Gordon's Bay managing director, Kobus Lubbe.
He says this part of the branch's business has grown rapidly... |
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