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Filter: Property
Why you should talk to your bank if you can no longer afford your bond payment

22 November 2022

For many home owners, the economic pinch is an everyday reality. Add to this rising interest rates which in turn... push up monthly bond payments, and you may easily find yourself in trouble with making your monthly payment. Beware the danger as you can end up losing your home if you don’t take steps to remedy the situation.

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1900
Article
Your responsibilities as a new home owner

15 September 2022,  Tazné Adams

So many new property owners believe that once the property is in their name all that is left is to... enjoy their new home. Unfortunately, there are still a few other important responsibilities that should not be forgotten.

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3538
Article
PODCAST: What to consider when installing a generator on your property

28 July 2022,  Corlia van Zyl

Listen to Corlia van Zyl, Director at Phatshoane Henney Attorneys, having an expert discussion on the OFM Business Hour about... what to consider when installing a generator on your property.

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1415
Media
What to do if the suspensive condition is not going to be met?

15 July 2022,  Natalie Steenkamp

A typical situation encountered in a property transaction: The deed of sale has been signed, the intended buyer is applying... for a loan but paperwork and delays at the bank slow things down. Suddenly the transferring attorney lets the buyer know that they only have a few days left to satisfy the suspensive condition in the deed of sale. What does all of this mean and what happens if the loan is given, but it’s a day late?

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1781
Article
Building your new home? Take care to do it right

14 July 2022,  Herman du Randt

I recently hired a contractor to build the home that I have always dreamed of. Unfortunately, I increasingly often hear... stories of defects in newly built homes and the various problems it creates. What can I do to avoid this issue in constructing my own house?

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1696
Article
The drive to transform under the new Property Practitioners Act

13 April 2022

With all the media focus lately on the new Property Practitioners Act and new regulations and requirements regarding Fidelity Fund... certificates, it’s easy to miss the impact this Act intends to make on much-needed transformation of the property sector. Here we highlight a few of the key measures that will impact on transformation in the property industry.

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2451
Article
Exploring the new Property Practitioners Act

21 March 2022

Most estate agents by now know that the new Property Practitioners Act has come into effect. Yet surprisingly, there is... still a lot of confusion about how the Act will affect Estate Agencies and their agents. To help, we have unpacked some of the key points to be considered by any estate agency and property practitioner.

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1918
Article
May I refuse access to my property for electrical meter readings?

15 November 2021

I am currently an owner of a residential property and I sometimes get visits from employees of our local electricity... provider requesting access to the property to take a reading of the electricity meter. This is often an inconvenience to me. May I refuse them access to my property?

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1494
Article
Demystifying the 2021 property market

03 November 2021,  Libo van Aswegen

South African industry role-players such as Rhys Dyer, CEO of OOBA bond originators, have supporting data to confirm that the... Covid-19 pandemic has drastically changed consumer behaviour as well as banking trends, resulting in a surprising boom in the local residential property market over the past twelve months.

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1214
Blog
The when, what and how of estate agent commission

12 October 2021

We’ve put our house in the market and have an estate agent that is helping us sell our property. However,... we have also told our friends that we are selling should anyone know of an interested buyer. But what happens if we get a buyer independent from our estate agent? Must we still pay agent’s commission?

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6966
Article
Can I run a business from a residential property?

14 September 2021,  Cleopatra Mukhari

I’m looking at buying an old house and renovating such to use as offices for my general medical practice. In... the area that I’m looking at there are a number of small businesses also operating from houses. However, I want to make sure I’m allowed to run my practice from this property. How can I do that?

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1176
Article
What are the legal costs involved in buying a property?

10 August 2021,  Natalie Steenkamp

My wife and I are considering buying a house. This is a big decision for us and we want to... make sure we are financially prepared for all the costs and expenses involved in doing so. I understand that in addition to the purchase price there may also be additional attorney costs I would need to factor in. Can you explain how this will work and how I can budget for such costs?

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1288
Article

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