There’s nothing quite like a global pandemic and several weeks of lockdown to put one’s priorities into perspective! Unsurprisingly, many people are thinking about their financial stability and long-term investment goals.READ MORE
Buying property is a big financial commitment, which is why savings of any kind is welcomed. Applying for a home loan through a bond originator is one of the lesser-known ways to save significant money.
Covid-19 lockdown may have slowed the property market but early indications suggest recovery is likely
Johannesburg, 12 June 2020: Initial predictions regarding the future of the residential property market as a result of the Covid-19 lockdown have painted a sombre picture: significant drops in house prices, more supply than demand, and people unable to afford their home loans.
The fourth interest rate cut of 2020, as announced today by the South African Reserve Bank Monetary Policy Committee, is good news for consumers, but it could be even better news for those who have been renting for a long time and are looking to become homeowners.
Buying property off-plan is a great way for first-time homebuyers to get a foot on the property ladder. It comes without transfer duty as there is no prior owner, and the VAT is included in the purchase price.
The debate about whether or not to fix the interest rate on your home loan has been reignited by two 100-basis-point rate cuts in response to the Coronavirus outbreak. This has brought interest rates to the lowest point in nearly half a century.
The reopening of Deeds Offices around the country is welcomed as a hugely positive move that will slowly start turning the wheels of the broader economy, and specifically the property industry.
If you’re in the market to buy property, have you considered looking at something that might not exist yet? Perhaps your perfect place has not yet been built, and buying off-plan could be the solution.
While it’s too soon to make accurate predictions on what the impact of the national lockdown and the global Covid-19 pandemic will have on the property market, it is sure to disrupt the industry one way or another.
The home-buying journey can sometimes seem endless. If you’re with a bond originator like BetterBond, you’ll have someone to hold your hand along the way but, at some point, the attorneys will step in – and things could get a tad intimidating.
Most of us are eternal optimists – we hope to lead a trouble-free life, and we don’t usually go around courting disaster. But insurers tend to know better. They know that, well, stuff happens, and that we just can’t predict what tomorrow will bring.