The Property HIve

14/07/2024

Did you know that 1 extra payment on your bond, lets say your 13th cheque/bonus, could slash your bond by 8 years

Lets assume your 13th bonus is around R20 000 net (after deductions) for this example, and your bond is about R700 000...

Your monthly repayment will be about R7700 @12% interest
Your total interest will be R1.149million
Your total repayment over 20 yrs will be R1,849mill

By paying your 13th bonus on your bond every year...
Your total interest drops to R620K (instead of R1,149m)
Your total repayment will be R1,32mill (instead of R1,849m)

And your total repayment months dropa from 240months (20years) to 143 months (12 years)

Something to think about 😃

09/06/2024

When I entered the real estate industry 21 years ago, I was thought the phrase "He who controls the stock controls the market". What this means is that the real estate agents who has the most properties available unltimately makes the most money.

What I've learnt in the years is that this is only true in a sellers market (where many buyers floods the market and little properties are available, so the agent who has the most stock ends up making more money)

However the opposite is just as true, He who controls the Money/Buyers controls the market. In 2007/8 we had one of the highest interest rates our country has seen (18%) and buyers were very scarce... I had only 1 option to survive in the industry, GET THE BUYERS and sell my co-workers' stock.

I stopped all efforts to get properties to sell and focussed all my attetion and marketing budgets on the few buyers there was. That was also the year I sold the most properties in my company throughout South Africa.

So while we are slowly heading towards a buyers market in the 2nd and 3rd quarter of 2024, as an estate agent - Now is the time to pre-qualify as many buyers as possble, dont worry about the stock - it will be there when your buyer is ready.

Banks have already positioned themselves perfectly to a buyers market by offering 108% mortgage loans, you just do your part and you'll make money

Happy Selling 🔥🔥🔥

24/04/2023

TO LET: MOUNT PLEASANT - Immediate Occupation
R12,900pm

Take advantage of this opportunity to live in a sought after neighbourhood. Situated on a large corner plot, this Mount Pleasant family home is perfectly placed.

It boasts an open plan lounge and modern kitchen fitted with granite tops and a gas stove. The lounge and 3 bedrooms boasts newly refurbished wooden floors. 2 of the bedrooms have fitted cupboards. The bathroom has a bath and shower.

Enter the driveway through a sliding gate on remote leading into a lock-up double garage.

The maids quarter is attached to the garage and comprises of 1 bedroom and a seperate toilet making it perfect to accomodate your sleep-in nanny.

The yard is devided into an area for gardening and a seperate paved area for outdoor braai and lounging around the pool. The braai overlooks a large family sized pool and a portion of the ocean on a clear day.

Prepaid Electricity - Water, Refuse and Sewerage for Tenants account.

This property has plenty of potential and must be viewed to appreciated the offering.

01/03/2023

https://www.privateproperty.co.za/for-sale/eastern-cape/port-elizabeth-and-nelson-mandela-bay/port-elizabeth/mount-pleasant/17-riebeek-street/Z46449

3 Bed House in Mount Pleasant, 17 riebeek street, One of a very few traditional Mount Pleasant properties on the market priced perfectly to sell. This corner property has an amazing few of the ocean. It boasts a recently done modern kitchen with sto...