Once you find the home of your dreams, the next stage is submitting an Offer to Purchase to the seller. The offer to purchase contains all the terms and conditions of the sale.
There are some vital aspects that you need to include.
Read on to find out what these are…
When are you getting the keys to the property?
Your Offer to Purchase (OTP) needs to include a date of occupation. ... ››› more
Buying a property is one of the most expensive purchases you'll likely make.
Once you find one that ticks all the right boxes for you, it's vital you make sure that what you see is what you're getting.
So what's the best way to check the property?
Read on to find out…
Why the need for a home inspection?
Whatever the property is you’re buying, an apartment, townhouse or house... ››› more
If you're looking to buy a property, your search might take you to new developments.
Buying a property in a new development can have a number of advantages, but there are things you need to watch out for too.
Read on to find out more…
Three advantages of buying in a new development
The deposit to secure a property in a new development is usually small. You’re look... ››› more
I'm often amazed by the raw deals offer to purchase contracts hold for buyers of property.
I recently did a deal on a property without an estate agent as the middleman and boy was I in for a surprise when I saw the supposedly “standard” contract.
My eyes instantly fixated on the following clause:
“In the event of the Purchaser failing to secure loan finance required within 31 (thirty... ››› more
Once you decide to invest in property, there are generally two goals.
Firstly, you want to see the value of the property you buy growing over the years. And secondly, you want to secure an income stream from paying tenants.
There is one key factor that can help you achieve both of these goals. And this is a property's location.
Read on to find out why location is such a crucial factor whe... ››› more
Looking for a property can take up a lot of time. And if you have certain criteria you're looking for, finding one that ticks all your boxes can be tough going.
So to make your search for a property easier, you should use the different property websites on offer.
Let's take a closer look at how best to look for a property…
Save yourself time and look at properties online
Whether y... ››› more
When you contemplate your financial future, it can be a bit overwhelming.
How are you going to afford to support yourself in your later years? And what investment decisions should you make now that will stand you in good stead for the rest of your life?
One of the best decisions you can make is to invest in property.
Read on to find out why it's something you should do…
The advan... ››› more
Living in a complex continues to grow in popularity.
It has a number of advantages, such as on-site facilities and security. So if you're considering investing in a property in a complex to rent out, what should you pay attention to?
Let's take a closer look…
What to do if you want to buy a property in a complex
In many cases, when you buy property in a complex, you’re buying a... ››› more
If you're looking to invest in a property to rent out, it's vital it appeals to as many tenants as possible.
Depending on the condition of the property you purchase, it may be worthwhile making some changes. It could boost your rental income and attract more prospective tenants.
So where should you make improvements?
Read on to find out…
Give your property a lick of paint
Chanc... ››› more
Perhaps even before you start looking to buy a property, you should consider the financial side.
When you apply for a bond, the bank will take three things into consideration.
So what are these factors?
Let's take a closer look…
Getting a bond to buy your property
Banks look at three main aspects when assessing an applicant for a bond to buy a property. It’s worthwhile you’... ››› more
Property is a great long-term investment.
Chances are you'll see good capital appreciation over the years. And you'll have the monthly income from a tenant if you choose to rent it out.
So where can you pick up the best property investment opportunities?
Read on to uncover four options to consider…
Investing in property option #1: Buy in a new property development
If you want ... ››› more
A friend of mine just bought some property - cheap.
In fact, he bought this property from the bank as a distressed sale for 70% less than the developer is selling similar properties to other buyers in the market.
That's right, he paid R90,000 for a piece of prime real estate from the bank. Similar vacant stands like the one he just bought are selling for R300,000 in the same development!
... ››› more
If you want to start investing in property to rent out, it's vital to spend time planning.
Property investing involves a lot of outlay and commitment, so you need to ensure you know what you want to achieve and how you're going to get there before doing anything.
So what do you need to consider?
Read on to find out how to put together your property investment plan…
Your first ste... ››› more
Yesterday, finance minister Nhlanhla Nene gave his first full budget speech.
Amongst a whole host of changes, he advised of modifications to transfer duty. Transfer duty is payable when buying a home.
So what are the changes? And what difference will it make to you and your property investment plan?
Read on to find out…
What are the coming changes to transfer duty?
At the momen... ››› more
Buying a new house is an exciting venture, but there are so many things to do.
One thing that the majority of homeowners need is a bond. Once the seller of the property you want to buy accepts your offer to purchase, you need to sort out a bond.
So should you look for a bond yourself or make use of a bond originator?
Here's why you should opt for the latter…
Why do all the leg wor... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.