South Africa
« Previous EntriesOffice property analysis
Thursday, June 19th, 2008building, floor, property, mortgage loan, debt consolidation, Payday-Loans, tenant, rental, office, personal loan, refinance, finance, liquidation
Attracting Prospective Tenants
Thursday, June 19th, 2008lease, rental, Debt-Consolidation, Mortgage-Loans, office, properties, tenants, mortgage, Payday-Loans, refinance, personal loan
Cellular Phones and the Estate Agent
Tuesday, April 8th, 2008Cellular phones have arrived and are set to do for communication what television did for broadcasting. They provide access to a person rather than a place, which enables estate agents to receive messages and respond to calls immediately. Cellular phones allow them to move around freely yet remain accessible at one telephone number. Slim cellular […]
The Benefit of a CRS Designation continue…
Monday, April 7th, 2008Having been through the course, the major benefits gained by an agent have been summarized as the ability to:
Have gained insight into factors that affect human motivations and behaviour to better relate to sellers and buyers.
Fully grasp the importance of sole selling mandates for a successful real estate career.
Understand the mechanics of organizing and managing […]
The Benefit of a CRS Designation
Monday, April 7th, 2008Of the courses offered to residential sales agents the CRS (SA) is far and away the most prized and sought after. It is the Crown Jewel of the Institute of Estate Agents Educational Programme. Presented annually since 1985 by American instructors it has retained its exciting format and delivered results exceeding all expectations. The course […]
The Silent Salesman
Sunday, April 6th, 2008The good, the bad and the ugly stand in silent testimony to their creators and proclaim to passers-by the reason for their very existence. Simultaneously they also project the image of those whose name they bear. If this was a conundrum it is fair to say that few would guess that the answer would be […]
The Future is Networks continue…
Saturday, April 5th, 2008Disadvantages for the participating firm
Usually no single national identity because of the incorporation of each participant’s name.
Sharing of trading areas.
Less tangible benefits than with a franchise, such as training, systems and manuals.
Lower level of commitment.
3. Multiple listing systems
Multi-listing is probably the best example of networking between agents. It is really a formal method of […]
The Art of Selling Real Estate continue…
Saturday, April 5th, 2008The role the Estate Agent plays
The agent services the buyers‘ and sellers‘ requirements, follows up, follows through and keeps everyone informed.
Like the proverbial oil on troubled waters, keeps buyer and seller emotions at manageable levels. In the sale of homes, sellers can get very emotional, particularly if they have been in occupation for many […]
Negotiating Skills Part 2
Wednesday, April 2nd, 2008The buyer
One of the buyer’s major aspirations is to buy a “dream house” at the lowest possible price. Always remember that a bargain is best defined as an agreement between two parties where both believe they have got the better of the deal. Although it is your job as a negotiator to achieve this situation, […]
Sectional Title Re-sales
Tuesday, April 1st, 2008Selling this form of home ownership requires a somewhat broader understanding of the legal aspects than selling houses. It is therefore necessary for agents to acquire the knowledge required to enable them to perform professionally. This can be done in several ways:
Attend a course offered by the nearest region of the Institute of Estate Agents […]
Who is a buyer? continue…
Friday, March 28th, 2008Face-to-face discussion
Apply the principles of a professional Master Agent.
Create a friendly comfortable atmosphere.
Know your subject, be confident and instill confidence, show a
liking for your customers and get them to like and trust you—be trustworthy.
Ask questions—listen to the answer without interruption. The subject of finance is often described by agents and lecturers to be the […]
New Housing Subsidy System part 3
Thursday, March 27th, 2008The White Paper emphasizes that the present budgetary allocation to housing is entirely inadequate to support the housing programme envisaged in the RDP and that it will be essential for
Government to adjust its priorities in this regard, if it is serious about achieving its target of one million houses in five years. It also emphasizes […]
New Housing Subsidy System Part 2
Tuesday, March 25th, 2008Following on from this 8 joint technical committees have been established between the Department of Housing and the National Housing Forum. Their job is to develop policy in these priority areas:
Overall housing strategy;
Housing subsidies;
Retail lending initiatives and the provision of housing credit;
Institutional arrangements, fund mobilization and the National Housing Budget;
Land planning;
Hostels;
Sector efficiency and effectiveness; […]
New Housing Subsidy System Part 1
Tuesday, March 25th, 2008On 27 October 1994 the Housing Accord was signed at Botshabelo in the Orange Free State. This laid the foundation for the passage of the White Paper on a new housing policy and strategy for South Africa. Typical of the prevailing democratic mood, representatives of each of the undermentioned groups made a joint and several […]
Exchange control
Monday, March 17th, 2008The Financial Rand is a non-resident investment currency derived from:
The local sale proceeds of South African assets owned by persons resident outside the Republic, and
Funds so designated by the Treasury or a person authorized by the Treasury. Financial Rand may only be traded in by a non-resident of the Republic.
Commercial Rand is legal tender used […]
Foreign purchases
Monday, March 17th, 2008
The granting of local financial assistance is restricted in terms of Exchange Control Regulations 3(1)(e) and 3(1)(f), which read:
“3(1) Subject to any exemption which may be granted by the Treasury or a person authorized by the Treasury, no person shall, without permission granted by the Treasury or a person authorized by the Treasury and […]
Negative Equity
Monday, March 17th, 2008Explanation
Negative equity is a term in common use in England but is not all that well-known in South Africa. It describes the situation when a loan secured against a property exceeds the market value of that property. The amount by which the loan is higher than the market value of that property is negative […]
Sectional Title: The Pros and Cons part 1
Monday, March 10th, 2008The Sectional Titles Act was passed by Parliament on June 10, 1971, and came into force on March 30, 1973, the current Act being 95 of 1986. But it has only been since 1980 that sectional title schemes have shot up all around South Africa like Namaqualand daisies after the first spring rains.
Much confusion still […]
Time-sharing Summarized continue…
Monday, March 10th, 2008Fixed vs flexi or floating time and split weeks
Some schemes are for fixed periods in which case the owner purchases a specific week of the year. Because certain holidaymakers find it difficult to commit themselves to specified holiday time in advance, certain projects also offer flexi or floating time.
Under floating/flexi time a time-sharing interest […]
Time-sharing Summarized
Monday, March 10th, 2008Time-sharing was invented in Europe in the early 60’s because of the high cost and scarcity of resort facilities and limited choices for holiday-conscious European families. Time-sharing thereafter came to America and South Africa and has become one of the fastest growing holiday alternatives. In South Africa there are resorts ranging from game farms to […]
« Previous Entries
