OTP Heads-up for Purchasers, Sellers and Agents

Here are some pointers & tips when finalizing / negotiating an Offer to Purchase. From our own experience as well as from speaking to many buyers and sellers over the years, it is clear that there are often unhappiness in both camps after the Offer to Purchase has been concluded due to issues that were not clearly specified at the time that the offer was presented and accepted.

Although some of these issues might seem insignificant, a lot of unhappiness and unnecessary stress can be avoided by making sure these issues are covered, in writing, and accepted by all parties involved.

Fixtures and Fittings

The Offer to Purchase has a “fixtures & fittings” clause, and even though this is standard practice, often this clause is quickly brushed over and not clearly explained. Sellers should know that purchasers are buying the property, as they saw it, voetstoots, with all fixtures of a permanent nature included … if not specifically excluded. 

Items such as, curtain rails, blinds, shower heads, towel rails / hooks, toilet seats etc. may not be removed. Anything that is bolted to the walls, shelves, handrails, light fittings, motion / light sensors, security systems are seen as fixtures. Bathroom vanities and mirrors that are hanging on bolts or nails are also seen as fixtures and cannot be removed unless specified. Even if you intend to replace the item with something similar, this needs to be disclosed and agreed upon by all parties.

We recently had a case where a light-fitting with 3 similar bulbs was working during the time that the property was advertised and viewed by the purchasers. The photos also confirmed that there were three similar bulbs (the kind that stays on for a while during loadshedding). At the time that the electrical compliance certificate was done, the one bulb was faulty and was then replaced with a different, normal bulb without notifying anyone … needless to say, the purchaser was very unhappy when they took occupation and saw that the lights were not the same as when they came to look at the property. Several items (fixtures) were also removed from the property without notifying anyone. 

When negotiating an offer, make sure that everything is mentioned, agents need to make sure that their sellers understand the definition of a “fixture” and the importance of specifying which fixtures (if any) will be removed and or replaced.

DSTV Dishes, Fibre ONT boxes, brackets, cables / power supplies are seen as fixtures and are sold with the property unless otherwise specified and excluded, even the little fitting on the end of a DSTV cable is part of the fixture, but often removed by sellers.

Walls and Painting

What happens to all the nails and plugs for paintings, pictures & mirrors? This also needs to be clarified in writing. Did the purchasers confirm that they will be repainting / renovating the property?

Consider that if the interior of the property hasn’t been painted recently then the affected walls won’t be able to be “touched up” and will probably need to be painted in full. Should the specific paint color / name not match the existing paint 100%, then the whole inside of the property will probably need to be painted … possible options to consider taking into account that the property is bought “voetstoots”. 

A: Sellers need to remove all items and leave the nails in the walls “as is”. 

B: Sellers need to remove all nails, touch up and sand down the areas but do not need to paint.

C: Sellers need to remove all nails, touch up, sand down and re-paint or touch up with paint. 

Plumbing, Gas and Electrical

Although sellers need to present purchasers with a mandatory disclosure form outlining any known defects, purchasers need to confirm the following:

  1. That there are no water leaks in the kitchen and bathrooms. This is quite easy to inspect.
  2. That all toilets are flushing correctly.
  3. No obvious water leaks in the garden or around the property.

When it comes to the Electrical COC, the COC confirms that the property is safe. It doesn’t confirm that all electrical appliances are in a working condition. The offer should have a clause where sellers confirm that all electrical appliances will be in a good working condition at time of transfer. This will cover everything from light-fittings & switches, gate & garage door motors, pool & jacuzzi pumps, ovens, stoves etc. 

Although geysers are covered under the insurance, nothing prevents a purchaser from requesting (at the purchaser’s cost) that a plumber do an inspection on the geyser to make sure that it is compliant and that there are no leaks. Sellers should also consider doing this so that they have peace of mind and can provide purchasers with a report stating that all is in order with the geyser.    

Any permanent gas installations also need compliance certificates. Purchasers need to confirm if and how many gas bottles are included in the sale as fixtures. If not, the gas bottles need to be excluded.  

Last pointers

Apart from the mandatory disclosure form and the fact that the property is bought Voetstoots, the more information about the condition of the property you have the better. Putting your concerns in writing even on a separate addendum when buying a property will assist so that you don’t get any nasty surprises when the keys are handed to you once transfer has taken place.

Happy house hunting. For all our rental and sales stock, please visit www.steynrealty.co.za

Team Steyn

Wilgeheuwel Suburb Stats

Area Summary / Wilgeheuwel (Stats quoted from a recent Lightstone Report)

Wilgeheuwel Suburb

Wilgeheuwel is one of the main and most popular residential suburbs when traveling north from the Westrand / Krugersdorp area. Situated near Clearwater Mall and +/- 10km away from Cradlestone Mall along Hendrik Potgieter this area is extremely popular amongst Property Investors, Tenants and Homeowners as the area is very central with easy access to main roads when traveling for work towards the West or the North. Another reason why Wilgeheuwel is so popular is because of its property prices. The area consists mainly of Sectional Title properties with the breakdown looking as follows:

Wilgeheuwel Market Stock:

Freehold in Estates = 3.67% (165)
Sectional Title Units in Estates = 5.30% (238)
Freehold = 8.88% (399)
Sectional Title Units = 82.15% (3691)

Sectional Title properties contributing to 87.45% of the total market stock with 3929 properties / units. These units vary from 50m², 1 bedroom apartments / flats selling from R 400 000 to 150 to 200+m², 3 to 4 bedroom properties selling above the R 1 500 000 mark with some exceptions.

A total of R 328 transfers / sales happened in the last 12 months where 299 properties were Sectional Title sales between R 400k and R 1.5k. When looking at some of the demographics for the suburb, the average monthly household income range between R 40 000 to R 50 000 and most of the buyers are between 36 and 49 years.

Average property sales values for the last 12 months:

  1. Properties between R 400 000 and R 1 500 000 / 299 properties with a total sales value of R 258 781 000 = an average sales value of R 865 488.
  2. Properties between R 800 000 and R 1 500 000 / 169 properties with a total sales value of R 174 522 000 = an average sales value of R 1 032 674.
Area Growth

From our own experience, the following properties are extremely popular in the Wilgeheuwel area and if priced right, could sell within days of going to the market:

  1. 2 Bedroom 2 Bathroom Double garage properties listed between R 800 000 to R 950 000 …. These properties are roughly between 80m² to 100m²
  2. 3 Bedroom 2 Bathroom Double garage properties listed between R 1 000 000 to 1 300 000 …. These properties are roughly between 120m² to 150m²

Simplex (single level) properties are more popular than duplex (double level) properties and will attract more buyers. Duplex properties where all the bedrooms are on the same level at least is also more popular.

5 Factors that will make your property sell quicker (price excluded):

  1. Neat, well looked after property, no clutter … can still be old but neat.
  2. Light colours, tiles, laminate floors instead of carpets.
  3. Freshly painted walls, ceilings door / window frames & doors.
  4. Neat, well looked after garden.
  5. Additional extras such as gas hob, solar, energy saving fittings / lights, auto garage doors and good security.

If you are looking to get a true, market related valuation done on your property, give us a call, we work and stay in the area and will gladly assist we. We get daily enquiries for properties in the Wilgeheuwel and surrounding areas.

Call Juanita on 083 604 1231 or Marnus on 072 264 7806 or email us on juanita@steynrealty.co.za or marnus@steynrealty.co.za

All our stock can be viewed on our website at www.steynrelty.co.za and you are welcome to like and follow us on Facebook, Instagram and Twitter. We recently started a YouTube channel for all our virtual tours and other videos ….. please visit  https://www.youtube.com/channel/UCLGbOvvPjY6zMh2kAQDhHTQ

http://www.steynrealty.co.za

YOUR SALE IS OUR GOAL ….

To fix or not to fix ….. that is the question.

Fixed Rates

To Fix or not to Fix …

No, this is not an article about property maintenance … … … there is a very different kind of fixing going on in the real estate industry.

As a homeowner with a bond repayment, you have the option of a variable / linked Lending Rate for your home loan repayment or you can apply to have the rate fixed at a specific level.

We recently asked Sanette Payne of Payneless Bonds (www.paynelessbonds.co.za) to share some info on this as this topic which frequently comes up in conversation with our clients. With the Prime Lending Rate being very low at 7.25% currently and said to reduce even further towards the end of the year, fixing your bond repayment rate might be a viable option for some homeowners.

Sanette had the following to say:

“We often get asked whether a fixed interest rate is possible.  The banks used to offer fixed interest rates upfront on bond approval, but this has unfortunately been cancelled and now you can only apply for a fixed rate after registration of your home loan.  It is important to understand that your fixed rate will be determined based on the period that the rate is fixed for and is generally significantly higher than your variable rate offered by the banks.”

In summary, by fixing your bond repayment rate, you protect yourself against future rises in the interest rate for the period that the rate is fixed but if the interest rate is reduced during the fixed period, you will lose out on any potential saving. All the banks have their own qualification criteria but in general, rates are fixed for between 12 to 60 months and at a rate of between 2% to 3% above the normal variable rate which is currently 7.25%.

To find out more about what your specific bank can offer you, here are some contact numbers supplied by Payneless Bonds:

ABSA: 0860 111 007

FNB: 087 730 1122

STD BANK: 0860 012 3001

NEDBANK: 0860 555 111

SA HOME LOANS: 0861 888 777

Please make sure that you get all the relevant info from your bank before you enter into a fixed rate agreement with your bank.

For all our stock, including photos, descriptions and virtual tours please visit our website or go to our YouTube channel where you can also subscribe to get all our latest videos. When listings with Steyn Realty, the standard services include:

  1. A detailed property value assessment including area trends.
  2. Professional high definition photos.
  3. Virtual tour posted to various websites as well as YouTube.
  4. Extensive web and social media exposure on various channels and platforms.

Please do not hesitate to contact us should you want us to assist you with the sale of your property. Our areas include all areas around Wilgeheuwel, Radiokop, Allen’s Nek, Strubens Vallei, Little Falls, Helderkruin, Constantia Kloof, Weltevreden Park, Ruimsig, Amorosa, Poortview, Tres Jolie etc.

Give us a call so we can chat.

Juanita Steyn on 083 604 1231 / juanita@steynrealty.co.za

Marnus Steyn on 072 264 7806 / marnus@steynrealty.co.za

Click for info:

Website:             Click Here

YouTube:           Click Here

Facebook:          Click Here

Instagram:         Click Here

Twitter:               Click Here

The South African Reserve Bank’s Monitory Policy Committee will be meeting on the following dates to decide on the Rate adjustments going forward:

21 – 23 July – next week

15 – 17 September

17 – 19 November

What’s News

It’s been a while ….. between listing, marketing and advertising properties, managing rentals, taking photos, trying to update all the websites, social media platforms and now lately YouTube as well ….. it’s difficult to find time to blog.

Steyn Realty / Website / Facebook / Instagram / Twitter and YouTube

Since I last blogged we have been hit with Covid-19. Who would have through that one day, 26 March 2020, the country would be locked down due to a virus (more about my views on this later) but hey, this wasn’t a good experience, totally unforeseen and unplanned for. No work No pay as the saying goes ….

At least we had some deals in the pipeline and a couple of rentals to keep us going. Yesterday, 4 July 2020 saw 100 days since lock-down, at least we are able to work again and most people are getting back to the “new normal” bit by bit. Some of our tenants have been hit hard, not receiving salaries and some even losing their jobs all together. Not a nice situation to be in for anyone involved.

April & May 2020 was consumed by MARKETING! Not much else to do when you are sitting at home and you are not allowed to take out clients to see properties to buy or to rent. Once all the aspects and specifications of a specific property has been gone through and discussed with prospective buyers or tenants (which can be done telephonically or via other virtual platforms such as zoom etc) 99% of people want to SEE the property before making a final call. So except for marketing & communication not much could have been done during lock-down.

During this time, and in an effort to assist home owners with their bond repayments, the Prime Lending Rate has been reduced from 9.75% in Jan 2020 to 8.75% in March, 7.75% in April and the last interest rate cut was on 21 May 2020 where the Prime Lending Rate dropped to 7.25% ….. many reports are saying that we might see a further reduction towards the end of the year. This is the lowest rate that we have seen in more than 20 years. Can you believe that one of our Landlords even passed this saving onto the tenants as they knew the tenants were not able to earn an income during the lock-down period … … a fantastic gesture by the landlord to try and assist the tenant.

During this time we (Steyn Realty) have launched our new website through Entegral Technologies, http://www.steynrealty.co.za. We also got our YouTube channel off the ground where all our property videos, virtual tours and other will be posted and shared.

https://www.youtube.com/channel/UCLGbOvvPjY6zMh2kAQDhHTQ

We are extremely fortunate and blessed to have concluded several sales since 1 June 2020 when the lock-down was relaxed to allow us to take out clients again, masked, scanned and sanitized, we had buyers lined up and it paid off.

SOLD by STEYN REALTY

Areas where we have recently sold properties include, Honeydew Ridge, Northcliff, Ruimsig and Wilgeheuwel in Roodepoort.

Due to these properties selling we now have buyers lined up for similar properties. We are urgently looking for SELLERS selling in the same areas as above between R 850 000 to R 2 500 000, 2, 3 and 4 bedroom properties, apartments, townhouses, clusters and houses.

If you are reading this and you are interested in SELLING, please give us a call. Our marketing plan includes professional photos, virtual tours and property videos, listings on Property24 as well as our own website which feeds through some smaller property portals. All social media platforms are included where our friends and followers can see, comment and share our listings.

Look out for more blog posts to follow on our recent sales, the affect of Covid on our market, the benefit of virtual tours and pricing right for the current market.

Your SALE is our GOAL.

Cheers for eers. Hope you have a stunning week ahead.

Marnus

0722647806

SA Prime Lending Rate

Prime Lending Rate – South Africa

What is a Prime Lending Rate? / https://en.wikipedia.org/wiki/Prime_rate

prime rate or prime lending rate (PLR) is an interest rate used by banks, usually the interest rate at which banks lend to favored customers—i.e., those with good credit. Some variable interest rates may be expressed as a percentage above or below prime rate.

We had our first Monetary Policy Committee (MPC) meeting of the South African Reserve Bank last week. The MPC decided on 16 January 2020 to lower in Interest Rate by 25 basis points which meant that the PLR dropped from 10.00% to 9.75%. The next meeting date in scheduled for 17 to 19 March 2020.

IR 2020 4

The lower the PLR the less you pay on your bond, car finance etc, unless your rate is fixed on a fixed percentage with the financial institution. Lowering the Interest Rate is always seen as a positive move for the property market as this will benefit both Buyers and Sellers. Buyers will have a slightly reduced bond repayment which will affect their affordability profile. At the same price, Sellers will have more buyers who can afford their properties due to the reduced rate, etc etc. The difference in repayment of an average bond amount is very small, but this changes as the bond amount gets higher.

Example of bond repayments:

  1. R 1 200 000 bond on a house at Prime (9.75%) over 20 years will cost you R 11 382.20pm as a repayment. The same bond at 10.00% over 20 years would have cost R 11 580.26pm, a saving of R 198.06pm.
  2. R 5 000 000 bond on a house at Prime (9.75%) over 20 years will cost you R 47 425.84 as a repayment. The same bond at 10.00% over 20 years would have cost R 48 251.08, a saving of R 825.24pm

The attached PLR Graph shows the rate changes since June 1998, going up to 25.5% in August 1998 coming down sharply during the next 14 years with some spikes to 8.50% in July 2012. The last 10 years have been constant between 10.50% and 8.50%.

Prime Rate

The biggest benefit to the MPC lowering the rate is that it creates a positive market sentiment which means that buyers and investors are happy to invest in property. The most important factor in the current market is still PRICE. We believe, as there are quite a lot of stock available that we are still in a Buyer’s Market and Sellers need to price correctly in order to get Buyers interested. “Over Pricing” is very negative as many over-priced properties never sell.

The time for making a killing on your property isn’t now. But if you are prepared to sell at a MARKET RELATED price and your property is priced accordingly, you will. Buyers will always negotiate but within reason if your price right.

2020 Have kicked off with a BANG and we hope that you will have great year. Looking to sell? Let us know, we would love to sell your property.

Juanita Steyn – 083 604 1231
Marnus Steyn – 072 264 7806

For all out stock, show-days, listings and news please go to www.steynrealty.co.za

At your service ….

…. property stock is our life-line and we need to move our current stock and get new stock in on a regular basis to keep “playing the game”. Properties that are priced right sell quicker, even in difficult markets. What makes it more difficult is when sellers want us to do the impossible by selling their property in the shortest time possible but for an unrealistically high price …. buyers are too well informed these days.

When we are approached by a seller to give our assessment and opinion on the property value / price for a possible sale, we assume our client is a serious seller, otherwise why bother. Our valuation is therefore based on recent property sales as well as factors such as condition, additions and potential. After 13 years of selling property, we also have a fairly good idea what buyers are looking for in a property. Funny enough, our valuation is not based on the value of the house that the sellers wants to buy or how much the seller needs to clear in order to settle debt or something similar ….

…. your house is only worth what a buyer is prepared to offer you …. if that is not enough, it’s better to take the property off the market.

Estate agents only earn money, income on property sales and not on property listings. Keeping your house on the market for as long as possible has absolutely no value to us. We spend a lot of time and effort making sure we list and present our listings to the best of our ability. We work funny hours, weekends and evenings, we spend stupid amounts of time making calls, following up, scheduling and confirming viewing, We market our stock on every possible social media platform and website with no cost to the seller in order to attract serious buyers, giving us the opportunity to sell the property as soon as possible at an acceptable price.

Selling a house is also a team effort where the seller and the agent have to work together … there are many little things that sellers can do to assist their agent … more about this later in my next post … watch this space … http://www.marnussteyn.com

For all our stock please visit http://www.steynrealty.co.za and you can also follow us on Facebook, Twitter and Instagram @steynrealty

To get you property listed and sold in the Roodepoort, Wilgeheuwel, Wilropark, Ruimsig, and surrounding areas …… give us a call, Your Agents 0722647806 / 0836041231.

Your sale is our goal.

CSOS Community Schemes Ombud Service

If you belong to a Sectional Title Scheme then you are paying a CSOS Levy on a monthly basis and your complex / scheme has to be registered with CSOS ….. herewith some details.

“The CSOS was established in terms of the Community Schemes Ombud Service Act to regulate the conduct of parties within community schemes and to ensure their good governance. The Community Schemes Ombud Service Act, 2011 (Act 9 of 2011) and the Sectional Titles Schemes Management Act, 2011 (Act 8 of 2011) and Regulation thereto were proclaimed on 07 October 2016.”

For more information visit the CSOS website:

http://www.csos.org.za/

Need to sell? We need your property ….. give us a call:

Marnus Steyn: 072 264 7806
Juanita Steyn: 083 604 1231

PROPERTY

Costs when Buying Property

Every now and again we get buyers viewing properties or visiting our show houses with no idea that there are transfer and registration costs payable when buying property. Some of them also think that this can be financed with the bond amount.

So just to shed some light on this subject, especially for first-time buyers ….

When buying property, the purchasers (in most cases) are responsible for paying  the Transfer Costs as well as the Bond Registration Costs to the Transferring Attorney upon request. This is done after all suspensive conditions in the Sales Agreement has been fulfilled and needs to be paid in order for the registration process to proceed. In the case where someone buys a property in a new development these costs or a portion of these costs may already be included in the sale. Most property websites and portals as well as banking sites have built-in cost calculators where these costs can be calculated. Please have a look at our website at http://www.steynrealty.co.za for more detail.

Transfer Costs - Web.jpg

Transfer Costs: Is paid on the full sales / purchase price.
Bond Registration Costs: Is paid on the bond amount only.

Both these costs are calculated by the Attorney firms involved according the a schedule and sliding scale. Please look at the following example:

Full Purchase Price: R 1 500 000
Deposit Amount: R  100 000
Bond Amount: R 1 400 000

In the scenario above, the following estimated costs will apply.

Property Transfer Costs (R 50 298.00)
Attorney Fees: R 23 598.00
Transfer Duty: R 25 500.00
Post, petties, FICA and other: R 1200.00

Bond Registration Costs (R 29 985.00)
Attorney Fees: R 22 800.00
Bank Initiation Fee: R 5 985.00
Post, petties, FICA and other: R 1200.00

TOTAL COSTS: R 80 283.00

The Purchaser in the above scenario will then have to have R 180 283.00 cash available to cover the deposit and costs. Costs cannot be added to the bond amount / purchase price as this is not allowed by the Banks or Attorney Firms.

It is very important that prospective buyers take the time to calculate all the various costs and payments that they will be liable for before shopping for a new property.

For any queries on the above, please feel free to contact us or send us an email to marnus@steynrealty.co.za / juanita@steynrealty.co.za

Hope you have a great day …… off to go sell some houses.

 

 

Fixtures and Fittings

Fixtures and Fittings ….

Every Offer To Purchase (‘OTP’) has / should have a specific clause where the Purchaser and Seller agrees on which fixtures and fittings to be included or excluded as part of the Sale Agreement. This is done by mutual agreement on presentation of the OTP. Once the OTP is signed by all parties involved it becomes very difficult to change any clauses or conditions and must therefore be done prior to acceptance. Sellers should, as part of the Mandate Agreement be advised by their agents to specify any inclusions or exclusions of fixtures and fittings in the mandate agreement so that prospective purchasers can be informed accordingly when viewing the property.

To make this process easier, our OTP includes the following items as standard fixtures and fittings thatMAY NOT be removed unless otherwise specified in writing. The specific clause reads as follows ….

FullSizeRender.jpg

“The Property is sold with all fixtures and fittings of a permanent nature, which the Seller warrants are fully paid for, and owned solely by the Seller, including all existing garden trees / shrubs / plants, stove, electrical light fittings / shades and (if any) curtain rails / rods / pelmets / blinds, swimming pool equipment / filters / motors, fitted carpets, fitted kitchen storage units, post box, electrical geyser(s), TV aerial, DSTV satellite dish, burglar alarm system, door-bell / knocker, keys and remotes. All electrical items are to be in working order on date of occupation. The purchaser is aware that the radio transmitter connected to the alarm system (if applicable) is the property of …………………………………………Security Company”, where the radio transmitter is therefore excluded.

The OTP also gives the Seller / Purchaser the opportunity to specify any inclusions / exclusions to this clause. Inclusions would be any NON-fixtures that will be sold with the property. Exclusions would be any fixtures that will be removed are not sold with the property. Apart from the items mentioned in the clause above, fixtures and fittings in general can be understood as being as the following:

Any items that form part of the permanent structure of the property such as built-in cupboards and vanities, mirrors, towel and curtain rails, blinds, shutters, light fittings & switches, light bulbs, security systems, built-in heaters, fans and air conditioning systems, gate / garage door motors & automated systems or anything that is bolted, nailed or screwed onto the property can be seen as fixtures. If, for example, there are bathroom cupboards hanging on the walls of the bathroom with towel rails attached to the cupboards, Purchasers viewing the property could assume that these cupboards and rails are fixtures as they won’t know if the cupboards are bolted to the wall or hanging on screws / nails like portraits / paintings. Sellers might think that these are non-fixtures and remove them causing huge frustration and unhappiness when the new owners take occupation.

According to our OTP the complete DSTV dish or any other antennas / dishes, brackets and cables are also seen as fixtures and therefore, unless excluded, are sold with the property. As previously mentioned, the Seller should exclude all of these items during the listing and mandate process and prior to signing any OTP in order to avoid unnecessary unhappiness and disappointment later on.

Should any items, deemed to be fixtures, be excluded, the purchaser may request that it be replaced by the Seller with a suitable alternative / replacement item. Take the DSTV dish for example: If the Seller has a very expensive, multifunctional DSTV dish and “LNB” combination and he / she would not like to sell it with the property, it should be excluded in writing and replaced with a suitable replacement / alternative system if necessary. The Purchasers may also request that should any fixtures be removed from the walls of the property where it was bolted onto the walls, that the holes be filled and the walls painted, or not, depending on what has been agreed. Purchasers may also decide to include certain items that are non-fixtures such as loose standing cupboards, pot plants, curtains etc. which the Purchasers may or may not agree to.

All the above should be negotiated and written into the OTP prior to finalizing and signing of the OTP to avoid any future misunderstanding.

We hope that you find the information useful. Happy selling. If you need any assistance with the sale of your property in the Roodepoort, Gauteng area, please do not hesitate to contact us:

Marnus Steyn: 072 264 7806 / marnus@steynrealty.co.za

Juanita Steyn: 083 604 1231 / juanita@steynrealty.co.za

To view all out available stock, please visit our website at www.steynrealty.co.za

You can also like and follow us on Instagram, Twitter and Facebook at @steynrealty

Welcome to 2017

Welcome to 2017

…. not sure about you but 2016 was not a particularly good year for the Real Estate industry in SA. We saw the Prime Lending Rate go from 9.75% to 10.5% in the first half of the year. This, together with a couple of very negative and concerning economical and political movements put a bit of a damper on the market with most agents I spoke to reporting a drop in sales for the year.

Enough of 2016 and enough negativity over that market, the macroeconomical situation of the country and the dreaded word ….. “Politics” … blah blah blah … we have work to do and properties to market and sell.

2017 is here and we are going to “hook it” …. we are going to “hook it real good”. Stock in the Real Estate market is and always will be king! There are buyers for well priced properties. Although there are many factors that play a role like area (location), condition and specifications ….. “PRICE” will be the determining factor. If you price right, you will sell.

STEYN REALTY is serious about delivering an exceptional service to out clients being Property SELLERS, BUYERS, LANDLORDS & TENANTS. We have the experience, knowledge, marketing expertise, professional attitude and the drive to assist our clients with any Real Estate related query or assistance they might have. Where we can’t assist we will try to point you in the right direction. We have a list of professional and capable bond originators, attorneys, electricians, plumbers etc who we refer to our clients on a regular basis.

Buying or Selling Property is serious business and you need to team up with an Estate Agency who is just as serious about what they do. STEYN REALTY would love to assist you, no matter how big or small your property …. we do it all. We can also manage your rental portfolio, find, screen and place tenants on an ongoing basis.

If you are looking to Buy, Sell or Let-Out a property anywhere in the Roodepoort / Krugersdorp area or you know of someone who is struggling to sell please give us a call.

Marnus Steyn / 072 264 7806 / marnus@steynrealty.co.za / http://www.steynrealty.co.za
Juanita Steyn / 083 604 1231 / juanita@steynrealty.co.za / http://www.steynrealty.co.za