Klerksdorp buyers now need to come prepared

The residential property market in Klerksdorp is buoyant at the moment thanks mainly to the fact that it has a range of properties available to suit homebuyers in all income brackets.

This brand new three-bedroom, two-bathroom home in Wilkoppies is for sale through RealNet for R1,29m.
But prospective buyers should come armed with a home loan pre-approval to avoid missing out on their dream home, says Jaco Faurie, co-franchisee of top local agency RealNet Klerksdorp.
“Klerksdorp has experienced a resurgence of the property market since the recession and there has been much residential and commercial development in recent months. Consequently, we have a good variety of top-notch listings just waiting for the right buyers to come along – but demand is also high and sellers are now looking more closely at the offers they receive to make sure that the buyer will be able to come up with the necessary finance.”
So in order to assist buyers to have a positive buying experience, he says, RealNet is offering to help them apply for home loan pre-approval. “This involves supplying the lender with your bank statements, pay slips, proof of residence and various other documents, and having your credit record checked, in order to establish what size bond the bank would be willing to approve.
“Once you have done this, you will have a much better idea of how much you can spend, we will be able to match you with your ideal home more quickly, and the seller will be able to accept your offer with confidence – so you are much less likely to get into a bidding war with other buyers.”
Faurie’s partner Pierre Ludick says there is strong buying activity currently in most sectors of the market and most price brackets.
“Since the opening of the Matlosana Mall late last year, we have started to see a lot of interest in industrial property in Uraniaville, for example, and we foresee a healthy future for this type of property elsewhere in Klerksdorp too due to its growing importance as a commercial, medical, retail and education hub.”
Meanwhile, small developers are buying up vacant land with the view to building cluster homes in the R1m to R1,2m price range and bigger developers are looking for land where they can build larger numbers of homes in the R500 000 to R700 000 price range.
“As for pre-owned homes, demand is strongest now in La Hoff for homes priced at between R700 000 and R800 000, and in Doringkruin for homes in the R800 000 to R900 000 range,” he says.
Faurie comments that a further attraction for prospective homebuyers in Klerksdorp is that the past few weeks has seen the establishment of neighbourhood watches in every suburb. “Communities in the different areas have really come together to organise themselves and we have already seen a drop in crime. This will certainly have a positive effect on the property market, because safety and security is a prime concern for homebuyers, but it has also brought about a real community spirit in most neighbourhoods.”

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