Interesting News on Bond Applications

According Ooba's statistics, bond applications for March is on the highest level recorded for nearly three years since May 2008, also 36% higher than the average monthly application intake recorded in 2010.  However, this represents only 36% of the application volumes recorded at the peak of the market in May 2007.

Approved Home Loans level also reached a high with Ooba's March figures showing the highest value of approved home loans since October 2008 ( information from property24)

Wow this is fantastic news,
I always believe an open, positive mindset is the best way to go, yes we go through changes and sometimes we don't agree to it, but yes things do have a down hill and don't forget also an up hill....
The magic key is to keep on smiling and the only way I believe we can achieve this is to mingle with the positive people that can keep our beautiful smiles on our faces....

Please know I'm never to busy for your referral...Peace of mind - It's what my clients deserve!

COSTS - PROPERTY

Buying a property is so exciting, specially when it will be your first investment, but do know to have cash available or alternatively bridging finance to be arranged.  In addition to the normal cost of transfer, allowance should be made for the following:

• In case of Sectional Title, the cost of obtaining a levy clearance certificate - approximately R550-00, and the insurance certificate - approximately R550-00.
• To obtain a municipal clearnace certificaate, rates need to be paid in advance until 30 June.
• Mortgage bond costs, e.g. inspection, valuation and administration fees as well as house hold insurance.
• Arrear rates and service charges - check the Seller's position with the Municipality.  If in arrears, same needs to be paid to prevent delay in transfer.
• Levies need to be paid in advance until year end, ( Agent will have to find out from the Management Agency what the year end will be for the Estate you want to buy in)