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Western Cape

Situated in the south western corner of South Africa, the Western Cape is one of the country’s most popular locations and destinations. Boasting the exquisite allure of the Winelands, the Karoo and the splendour of the Garden Route, the province also houses Cape Town – the Mother City – a haven for its culturally practised and tasteful residents.

KwaZulu-Natal

Also known as the Garden province as a result of its coastal sub-tropical climate, KwaZulu-Natal has always been one of South Africa’s favourite holiday destinations. While the coastline is dotted with picturesque small towns, the province’s interior consists mainly of inspiring and spectacular rolling hills.

Eastern Cape

The Eastern Cape includes such diverse landscapes – from the arid Karoo to the wet and windy Grahamstown – that any person can find their nirvana here. This province also boasts South Africa’s only snow skiing resort, which is situated in the Southern Drakensberg.

Free State

With Bloemfontein as its capital city, the Free State is found in the very heart of South Africa. The lovely climate and fertile land have made the province a thriving agricultural community. The Free State’s chief tourist attraction is the Golden Gate Highlands National Park nestled in the foothills of the breathtaking Maluti Mountains.

Mpumalanga

Meaning literally “the place where the sun rises”, Mpumalanga is divided into scenic highveld and savannah lowveld. Main attractions in the province include the Kruger National Park, the Sudwala Caves and the Blyde River Canyon.

Limpopo

As the northernmost province in South Africa, Limpopo shares its borders with Botswana on the west, Mozambique on the east and Zimbabwe in the north. Limpopo’s proximity to these African countries has gifted it with the beauty and contrasting landscapes that has made it a favourite among travellers and adventure seekers.

North West

The North West province is a picture of authentic African bushveldt beauty that encourages adventure. From the quiet beauty of the Pilansberg Nature Reserve to the bold decadence of Sun City, the North West offers both culture and comfort.

Northern Cape

The Northern Cape is the biggest and most sparsely populated province in South Africa, dominated by the Karoo Basin. This natural gem includes the Kalahari Gemsbok National Park, the Augrabies Falls as well as the famous Namaqualand region.

Standard Bank lists repossessed and mandated properties for sale via ONLINE AUCTION as well as online offers. Standard Bank will settle all arrears rates and taxes on a property, in addition to paying all rates and taxes due until the date of registration. To make the process even easier on the pocket, there are no transfer duties payable by the buyer when purchasing a repossessed Standard Bank property.

 

When buying repossessed property through Absa in a personal capacity, the buyer will not be held liable for payment of transfer duties on the property. An added bonus is that should you finance your new home through Absa Home Loans you will enjoy the benefit of discounted attorney fees. Why not start your search for your dream home today?

 

FNB takes the majority of the work out of buying repossessed properties by offering buyers up to 100% bond financing. The buyer will not be liable for any transfer duties, and FNB will furthermore pay any outstanding property rates and taxes up until the date of registration.

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Total commission saved

R 455,974,031

Total wide angle photos

512,913

Square meters mapped

2,933,181 m2

Alerts registered by buyers

689,302

Properties sold in the last year

3,759

Marketing mails requested in the last month

220225

0% Commission *

MyRoof does not charge any commission to sell your property online. What we mean with no commission is exactly that – no fees are ever payable to us at any stage for the FREE listing option. As we do not charge commission, you can accept a lower offer but still get the same amount of money in your pocket. This will result in more interested buyers in your property.

Unlimited Photos *

You may upload as many photos as you wish onto our website. This will help you in selling your property faster. The more photos, the better idea a buyer gets of your property. Remember that photos can give the buyer a desire to own your property! You can also add the best things your property has to offer on the extra notes section. Buyers enjoy looking at the additional notes to make a decision on whether to view the property or not

Floor plans

All privately owned properties on our website have floor plans in the main centers. Just imagine if you were a buyer and could get an idea of the layout of a property even before visiting the home! Not only will the buyer get an idea of how big the property is, but he or she will also get the chance to view the sizes of the individual rooms and see where they might want to add or remove a wall. The buyer will also have the opportunity to compare the sizes and asking prices of different properties per square meter. Lastly, the floor plan gives the prospective buyer a clear understanding of how the property looks as the arrows on the floor plan show from which angle each photo was taken. The buyer now gets a real feel for the property and can immediately see if this is what they were looking for. This means that only serious buyers will make offers on your property.

Alerts *

On top of the unlimited photos and the added floor plan, we also offer you a large client base where alerts are sent out to buyers who are looking for a property like yours. Alerts are sent to prospective buyers who have indicated that they are interested in property in a specific area at a specific price range. Alerts will also be sent out should you lower your asking price or arrange a show day with us. This has been found to work well to communicate with many potential buyers at once. And it also keeps buyers interested in your property!

Until sold

We will keep your property on our website until the day it is sold – whether this will take a day or a year. MyRoof has hundreds of thousands of property buyers and send out tens of thousands of alerts daily to keep these buyers updated on new properties they might be interested in buying. Don’t worry if you’ve heard that selling your property is difficult because you are in our capable hands – this is what we do, all day, every day. Our system has been proven to work by many satisfied sellers like you – all of this at no cost to you!

Marketing *

MyRoof offers the complete online experience for buyers. How do we do it? With our front page displays, many photos of your property, detailed floor plans, MyRoof For Sale board, MyRoof On Show boards and alerts we send out to our large data base. If you combine this with our world-wide marketing resulting in thousands of online offers on a daily basis, you know your property transaction is in good hands.


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01
Nov
2011
South Africa's economy and bank repossessed property

South Africa’s economy is recovering from the recession and the property market is booming. The majority of this nation’s citizens have been caught inside the enclosed space, being pulled down by the credit crunch and high interest rates.

However, a number of honest citizens have lost their property in the struggle due to unemployment or becoming financially unfit to provide the mortgage payments. Many people’s homes that were repossessed could have been avoided if better decisions were made. Monthly car payments, coping with consumer goods inflation, spending money irresponsibly are factors which are overlooked by the majority of us. We tend to stick to our high standard of brand buying and spending of money as if inflation never took place. We are forced to push our credit further into the red zone, instead of making less use thereof, and in affect submit ourselves to the high interest rates. The irony of the matter is that the high interest rates were created to protect us from ourselves. Maybe it is time to join in with the concept of less lending of money, and spare ourselves from being left on the street.

The banks realized in their nervous state that the risk to borrow money to the public or to each other has become too high. This nervous state was the result of banks’ lenient lending to people who used their borrowed money into property everywhere. All of this leads to the well known term Credit Crunch. Lending of money will need to happen at a higher price, which means that the interest rate will need to rise. The dramatic turn of events now leaves these borrowers with a big loan, with huge payments, as well as a property which keeps decreasing in value. Obviously this has its effects on the inflation rate, and in the end your income won’t be able to keep up with your credit back payments. The only left option for the bank is to repossess the property.

Bank repossessed properties are excellent for investors and people who can afford buying into property, but if you are on the wrong side of the court, bank repossessed property is a name you would rather not hear or think about. You CAN alter your situation and get yourself to that better side of the court, investing in property in possession (PIP) and rather profit in these difficult times, by making the right choices!

Stop accumulating debt, evaluate your finances and life consistently, stay current on your payments, concentrate on your financial goals, relax, don’t panic and remain in front of your situation! Keep to these tips and keep your property from the bank repossession list.

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