×
 

BERADER Properties blog

Growth prospects in the South African Property Market 2018

Indeed, after the recent turn around in the ‘politics’ in the Country and reduction in the interest rate - there is renewed ‘life’ in our local property markets. Investor confidence in the country is improving daily.

Growth prospects in the South African property market

 

Read More   

Beware: Property Scams

Beware: Property Scams

So what it basically boils down to is this: 1. Never allow someone to take possession of your property until the funds have been paid. Excluding early occupation and occupational rent of honest buyers awaiting a bond. 2. Buyers wanting to bypass the agent should set off alarm bells. Why? Simply because the buyer has zero to lose when using an agent, the seller pays his commission.

However it is not always about the money, which may sound strange to most people but there seems to be a different kind of scam making the rounds with in the property market, where the “buyer” offers to pay the full purchase price (in cash as well), on the condition that they can move into the property immediately.

What does a con-artist gain from this you ask… well they will never own the property and for obvious reasons will be evicted at some stage; however this is the exact point. Given the complicated eviction process, it may take months if not years to get this matter resolved in a court of law, and by this time the scam artist has moved on to the next victim, having taken full advantage of the living situation.

There is a saying in today’s world “if it’s too good to be true, it probably is” and this should apply to the seller in this case as well, nevertheless of how eye-catching the offer sounds.The proprietor who simply takes someone’s word for it, could end up losing hundreds of thousands or Rand’s.

Original Source: Private Property

 

Read More   

Reasonable Precautions Condition - Did you know Part 32

Read More