Anona James

RE/MAX LIVING / Administrator
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Estate Agent FAQ's
Estate Agent Property News Articles
Should you buy a new home before selling your existing one?
Market & Opinion
Should you buy a new home before selling your existing one?
21 Oct 2024
When homeowners decide to sell their property, one important question arises: should you buy a new home before selling your current one, or sell first and then buy? This decision depends on various factors, such as whether you’re moving locally or to another province or country, whether you have children in school, and the need for a deposit.
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Rental growth surges in Q2 2024
Market & Opinion
Rental growth surges in Q2 2024
03 Sep 2024
Rental growth in South Africa surged in Q2 2024, reaching its highest post-pandemic levels. The PayProp Rental Index shows year-on-year growth peaked at 5.2% in June, outpacing inflation for the first time in five years. While tenants face rising debt burdens, landlords and rental agents are seeing real-terms returns improve, signaling a potential recovery for the sector. Provinces like the Western Cape are leading the way, with rental growth hitting 11.7% – the fastest since 2017.
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Navigating dual occupancy
Market & Opinion
Navigating dual occupancy
20 Jun 2024
The rising cost of living and a shortage of affordable housing options have left many South Africans seeking alternative solutions to make homeownership more affordable. One increasingly popular trend is dual occupancy, where homeowners either rent out a portion of their property or co-own a property with a friend or family member.
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What every buyer should know before signing an Offer to Purchase
Legal
What every buyer should know before signing an Offer to Purchase
09 Sep 2024
An Offer to Purchase (OTP) is a legally binding agreement between a buyer and a seller in a property transaction. Once both parties sign the OTP, it finalizes the terms of sale, including the purchase price, property description, and any special conditions. Buyers can withdraw under certain conditions, but doing so without meeting the terms may lead to penalties. It’s crucial for both buyers and sellers to review the document carefully before signing to avoid legal and financial complications.
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