Property Seekers - The Comprehensive Guide To Real Estate

More Signs Of A Buyers Market In 2023 And 2024

A report by Lightstone Property indicates an 80% rise in forced property sales, signaling a buyers' market in 2023. Many buyers, drawn by low interest rates during Covid (7% in 2020, below 8% until May 2022), now struggle with repayments as rates hit 11.75% by May 2023. Initially, low rates encouraged new buyers and upgrades, but now many are overstretched. Homeowners should consult bond originators and consider their financial situations to avoid mandatory sales. Downsizing is an option but not a universal solution.

How To Take Advantage Of A Slow Real Estate Market

Interest rates are very high, property prices are stagnant and the outlook is not great, so is there any way to take advantage of a slow real estate market as a home buyer, homeowner, or property investor? When it comes to investing in real estate location is everything, but market timing is very important. Buying a property during a bubble, at the very top of the market, you run the risk of the market turning and property prices dropping.

Residential Property Price Index Report For June 2023

According to the Residential Property Price Index report for June 2023, house prices in South Africa have increased by 2.9% between June 2022 and June 2023. And in particular, property prices in the Western Cape have increased by 4.1% year-on-year. On Thurs 9 Nov 2023, Statistics South Africa (Stats SA) released its monthly Residential Property Price Index report. This is the ninth report of its kind since StatsSA published its first report in March 2023. Stats SA developed this property price index in partnership…

The Dangers Of Buying A Distressed Property

The property market is a very dynamic industry that is constantly adapting to meet the demands of buyers and sellers. Over the most recent 12-month period the pendulum has shifted toward a predominately buyers market. According to the data from FNB Home Loans as much as 25% of properties are put on the market due to financial pressure. Meaning that the sellers of these homes are struggling to meet the demands of maintaining the mortgage and other costs related to the property. As a…

The Why And When To Change Your Real Estate Agent

Choosing the right estate agent or agency to sell your property is crucial. A good estate agent can make or break your selling experience. A knowledgeable, experienced, and proactive agent will not only maximize the value of your property but also guide you through the intricacies of the process. However, there may come a time when you need to reevaluate your initial choice and change your real estate agent to ensure that you are not left stuck with poor service or underperformance. The 6…

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William Smith

Writer & Journalist