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.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us