select
|

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


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK