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SELL THROUGH STEYN REALTY

I recently posted this article on our website in an attempt to notify sellers and future property sellers as to the potential pitfalls / costs when selling.

Just in the case of purchasers who need to do their homework before buying, making sure they are credit worthy and what they can afford, Sellers also need to do their homework ….

While touching on a couple of other issues, the article aims to outline most of the potential costs that Sellers may be responsible for during the sales and registration (transfer) processes. It covers the following:

  1. Avoiding Penalty Interest
  2. Bond Cancellation Costs
  3. Compliance Certificates
  4. General Condition of the Property and
  5. Nomination of the Transferring Attorney Firm.

You can read the article by clicking on the link below.

CLICK HERE

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For any sales or rental related queries or to get your property listed in the Roodepoort, Ruimsig, Wilgeheuwel, Little Falls, Constantia Kloof and surrounds …. please contact!

Marnus Steyn – 0722647806 / marnus@steynrealty.co.za

Juanita Steyn – 0836041231 / juanita@steynrealty.co.za

http://www.steynrealty.co.za

 

Property For Sale in Helderkruin / Kloofendal, Roodepoort

2 Comments

Helderkruin and Kloofendal are arguably two of the better suburbs to stay in the Roodepoort area. Close to schools and other amenities, these two areas are quiet and established with large residential stands and older but well built properties. Many of the properties have been upgraded and renovated over the years.

I have 3 residential homes for sale in these areas and any prospective buyer can contact me directly to arrange a viewing …… have a look at the following:

1. Kloofendal R 2 275 000 (Negotiable)

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This is a very neat and spacious 3 bedroom house that has also got a 4th bedroom / flatlet with its own bathroom and kitchen. What makes this house unique and adds to the value is that it has full gas and solar installations for the kitchen as well as the geysers. Loadshedding is no problem with a generator and because of the gas and solar features, the electricity bill is really low. Electricity is also pre-paid.

Other features included a study, under cover parking for a caravan, trailer and or boat, double automated garage, solar heated pool, domestic accommodation with bathroom and solar geyser, large extra Wendy House for storage, a second entrance gate at the back, a jungle-gym and lots of garden space to play.

Being a corner property, this stand is 1500m². This really is an exceptional property with so many positive features. To view this property …. click here

2. Helderkruin R 1 695 000 (Negotiable)

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Built on 1286m² stand and situated very close to the Kloofendal Nature Reserve, this property is also totally renovated. From the roof to the kitchen and bathrooms have been renovated and upgraded for a more modern but warm and family orientated lifestyle. This property has 3 well sized bedrooms with laminate flooring and two bathrooms. The kitchen has a huge scullery section witch also doubles up as the laundry with lots of cupboard space.

Three large living areas include a dining room, formal lounge and TV / Family room leading out to the pool area. Other features include a study, domestic room, outside bathroom, double automated garage, braai / entertainment area and irrigated garden.

This is the perfect home for a young couple or family where you can stay for the next 20 years …… to view this property …. click here

3. Helderkruin R 1 650 000 (Negotiable)

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Spacious comfortable living in this very neat and spacious family house. 1566m² stand, 3 bedrooms and a study (which could also be a 4th bedroom), 2 bathrooms and 3 living areas. Work-from-home possibility with some minor adjustments. If you are looking for a big kitchen where the family can get together, well then this is it. Separate scullery, double fridge and plenty of space for other appliances.

This property has a front and back garden with beautiful rock garden, grass terraces and sparkling pool. Additional features include a domestic room and outside toilet, separate side entrance, a bore hole for the garden, irrigation system, covered back patio and plenty of playing space ……

This property is a dream come true for a your couple or family looking to settle for many happy years. To view this property …. click here

For more on these properties or any other of my listings, go to http://www.realpro4u.co.za

My BC

RealPro YTD Stats

2 Comments

Looking at our stats from approved transactions this year so far i have to thank two companies for their commitment and great service in assisting our buyers and sellers. Attorney Firm Trutter Crous & Wiggill and Bond Originator Payneless Bonds ….. thank you for your help to date!

Planning and strategizing for the future is no good unless you know what you have achieved thus far. In an industry as volatile as ours where there are so many external factors that can influence the success of the agent and agency we have to be well aware of the pitfalls and try to avoid them as far as possible. One of the ways we try to do this is by looking at certain statistics from transactions that have been successfully registered to date.

The more of these deals there are the better but let’s just say we have enough 2012 data to see some interesting stats coming through.

 “The Banks” are very unpopular when it comes to granting home loans and for most buyers this is where it all goes wrong. Not too harp on the subject but the banks are tough, very tough, but for those applicants who have their financial affairs in order it does seem as if the banks are getting a bit more lenient ……… all be it minutely so!

Looking at the clients that have successfully bought properties from or through RealPro this year it is interesting to notice that a very small percentage have been successful with Nedbank and that almost 22% of the transactions were 100% CASH deals with no bond application needed. FNB got almost 15% of the pie and ABSA got just over 22% of the business. Standard Bank is leading the race at this stage with just over 33% of the allocated bonds …… obviously looking to grow their bond book.

Buyers always have a choice of where they want to place their bonds but the repayment rate plays a big part with prime + rates being the norm at the moment. Just as a matter of interest, the average sales price of the properties making up the above data comes to R 845 000 which is also in line with the national average.

Many buyers still apply for 100% bonds in the hope that they don’t need to pay a deposit. In our case, 48% of our applicants applied for 100% bonds and 61 % of those got approved. The average purchase price where 100% bonds were achieved was R 857 000. Average price for all the CASH transactions was R 570 000. Even though it seems as if some of the Banks may have loosened their Credit Criteria slightly, buyers should still plan and prepare for a 5% to 15% deposit to secure a home loan, especially when buying in the higher price brackets of R 1 000 000 +.

Having a good Bond Originator on your side to aid your buyers also helps as they understand the application processes better and can motivate certain issues to the bank which might be overlooked. With the Bond Repayment Rate dropping by 50 basis points from 9% to 8.5% on Thursday 18 July 2012 many prospective buyers might now be in a better position to afford that perfect new home.

Credit profile still plays a huge role for applicants and we don’t see that changing soon so make sure your credit profile is clean and all accounts are up to date and paid on time.

Happy Buying and Selling ……