RealNet reopens in Rustenburg

The RealNet estate agency group has reopened in Rustenburg, with a new franchise having been awarded to local real estate stalwart Reinette Lummis.
Her agency, which has been operating since 2005, will now trade as RealNet Lummis Properties.
Lummis, who has an excellent reputation in the Rustenburg market, says she relishes the opportunity to now expand her operation under the RealNet brand. “RealNet is one of the country’s most respected real estate brands and offers superb backup and systems that enable franchisees to offer their clients exceptional service.”
She adds that her success is based on dedication to her clients, honesty at all times and hard work. “Our motto is to walk the extra mile with our clients and we will uphold this tradition as part of the RealNet group.
“The recession has forced many agents and agencies out of the local market and only the most professional now remain. We are confident that we will be able to offer an even better service as part of an acclaimed national real estate group.”
Lummis reports that the Rustenburg market started showing signs of increased activity in December. “Buyers are taking advantage of low interest rates and although some buyers are still encountering problems with obtaining bank finance, there are encouraging signs that banks are starting to relax their lending criteria. It is particularly encouraging that first-time buyers are obtaining 100% bonds.”
Local prices start at around the R450 000 mark for small apartments popular among first-timers and people who are downscaling. The biggest demand, however, is for three-bedroom family homes priced at between R800 000 and R1m, while there is reasonable interest up to the R1,5m mark.
International buyers are also active in the market and are targeting luxury properties, notably in upmarket complexes such as RockCliff, where prices range from R2,8m to R6,5m.
Lummis says stock levels are high, boosted by units brought to market by owners under financial pressure. “It creates good buying opportunities and cash investors are currently active,” she adds.
Issued by RealNet

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