Home loan declined?
The average price paid for a new home in South Africa between January and end-October was R1,12m, while the average approved bond was R893,000, according the statistics from BetterBond. That’s a shortfall of R227,000 and could be the reason for not being able to buy your next home.
This is especially true for first-time buyers who only account currently for 30% of home loan approvals and who require an average deposit of 11,5% of the purchase price.
Very few aspiring home buyers are aware that there is a “Plan B” that has been available since 1981, when “Plan A” – that is to secure a new home loan – fails.
Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your paradise home.
Property Angels – Home Loan
Way back in 1981, banks and building societies faced liquidity issues and, often to secure a home loan, an investor had to make a deposit with a bank or building society to match a loan for a home buyer.
When the Alienation of Land Act, No 68 of 1981, was enacted it created a method for a property seller and buyer to enter into an instalment sale agreement in which the parties agreed to pay off the purchase price of the property over a period of time – usually a five-year period, and in at least two or more instalments.
This concept is still available for all types of properties, but not for agricultural land.
Author: Meyer De Waal
Did you know? Your own personal Attorney Realtor offers an all inclusive service, therefore you will receive legal advice, sales and purchase solutions, as well as the entire transfer process.
Get your real estate selling or buying process on the right track by contacting Property Angels today. Your professional local Attorney Realtor will then call you back within 24 hours.
At Property Angels we introduce home sellers and buyers to their own dedicated Attorney Realtor Partner.
Once your friendly Attorney Realtor has highlighted all your benefits, you will understand why an Attorney Realtor is the smartest way for you to sell or buy your property.
Property Angels is an online property website portal that promotes residential property for sale across South Africa. You can buy, sell, list and find South African properties online. Find houses for sale in Johannesburg, Cape Town and Durban which are the three biggest cities in South Africa.
Some of the top property companies online in South Africa are Private Property, Property 24, My Property, Property Fox, PropertyCoZa, Remax, Pam Golding, LeadHome, SA Hometraders, Gumtree and Property Angels.
Whilst most online property brands offer online visibility for Estate Agents South Africa, Property Angels offers online visibility for Attorney Realtor Agents South Africa.
Whether you have a property for sale or you are seeking a house to buy in the southern suburbs, Northern Suburbs, Eastern suburbs or Western suburbs, Property Angels is your best attorney realtor property website South Africa. Sell your property online with Property Angels and an Attorney Realtor will call you back today or the next business day.
Whether South Africa is in a buyer’s market or in a seller’s market, contact Property Angels today for quick and efficient online and face to face service.
List your house for sale with Property Angels. You can also find property to view, property selling tips and many other useful property and finance blog articles and property products that are bespoke to your needs. Buy and sell your private residential property through Property Angels. Allow Property Angels to become your chosen property website portal for your choice of homes to sell and homes to buy.
Find below the various provinces, towns and cities across South Africa from where you can sell property or buy property or list property for sale with Property Angels.
Property for sale Eastern Cape: Alice, Butterworth, East London, Graaf-Reinet, Grahamstown, King William’s Town, Mthatha, Port Elizabeth, Queenstown, Uitenhage, Zwelitsha
Property for sale Free State: Bethlehem, Bloemfontein, Jagersfontein, Kroonstad, Odendaalsrus, Parys, Phuthaditjhaba, Sasolburg, Virginia, Welkom
Property for sale Gauteng: Benoni, Boksburg, Brakpan, Carletonville, Germiston, Johannesburg, Krugersdorp, Pretoria, Randburg, Randfontein, Roodepoort, Soweto, Springs, Vanderbijlpark, Vereeniging
Property for sale Kwazulu Natal: Durban, Empangeni, Ladysmith, Newcastle, Pietermaritzburg, Pinetown, Ulundi, Umlazi,
Property for sale Limpopo: Giyani, Lebowakgomo, Musina, Phalaborwa, Polokwane, Seshego, Sibasa, Thabazimbi
Property for sale Mpumalanga: Emalahleni, Nelspruit, Secunda
Property for sale North West: Klerksdorp, Mahikeng, Mmabatho, Potchefstroom, Rustenburg
Property for sale Northern Cape: Kimberley, Kuruman, Port Nolloth
Property for sale Western Cape: Bellville, Cape Town, Constantia, George, Hopefield, Oudtshoorn, Paarl, Simon’s Town, Stellenbosch, Worcester.