The answer to all bond declines

The answer to all bond declines.

This can almost be seen as the modern-day concept of a peer-to-peer transaction in which the finances of a bank are eliminated and the seller and buyer enter their own financing agreement to pay off the purchase price.

The question thus arises: Why is this not becoming a Plan B for all property transactions where a purchaser struggles to secure a home loan?

The answer most likely lies in the reality that most property sellers are just focused on Plan A – that is to secure a cash- or a bond-approved buyer.

Few sellers are also prepared to wait for an extended time to receive the full purchase price, says Meyer de Waal, Cape Town-based conveyancing attorney who has made an in-depth study of instalment sales and rent-to-own property transactions over the past decade.

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 peaceful home.

Property Angels – Success Together

However, we are finding that more and more sellers, particularly those who own vacant plots, investment properties or holiday homes, are prepared to wait for their money – provided the repayment of the purchase price is well structured and secured.

Buyers who struggle to raise a home loan, such as those with poor credit scores, who demonstrate a lack of affordability and those who have a shortage of consistent revenue streams – like self-employed buyers, entrepreneurs and foreign buyers – are all exploring innovative methods to secure a home loan.

And it works in practice, demonstrated by de Waal’s team helping to structure an instalment sale agreement for a R1,7mn property.

The seller struggled to sell the property,” says de Waal, noting that the seller eventually found a foreign buyer.

The buyer came up with a 30% cash deposit and we prepared an instalment agreement to conclude the deal.

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.