Making the change
The lowering of the interest rate and the lifting of the transfer duty threshold has sparked an increased interest for homebuyers at the start of 2020.
But now, many prospective buyers are faced with the harsh realities of the lockdown.
Although the risk-adjusted strategy for economic activity may allow buyers and sellers to conclude sales, the area-based adjustments may compel many buyers to hold out for longer than they had originally planned.
The lockdown may also have several positive effects on the psychology of prospective buyers.
The time spent, confined to their homes, will allow many South Africans to detect, hitherto unknown, shortfalls and to realise what they really want for their homes.
With the dramatically changing economy, many people may also find that their real estate needs have changed.
Some may find that their current homes, no longer suited to their needs.
Entrepreneurial individuals who have had to work from home, may find that what they really want is the security of owning a home, rather than renting it.
A massive benefit of 3%. Com Properties, is that the seller only pays 3% sales commission plus VAT. This translates into a substantial saving for both the buyer* and seller.
(*The reduced commission allows the seller to reduce the price which benefits the buyer.)
Contact us know to find the right property, visit www.threepercent.com
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This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)
29 May 2020
Author 3%.Com Properties