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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.

List your property for free until it is sold and pay zero commission *

List For Free Now! *

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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When you join MyRoof you immediately have access to all these terrific features:

  • You can make online offers on properties.
  • Get e-mail alerts when new homes matching your wants and needs are listed.
  • View full quality High Resolution photos (no watermark).
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  • Add notes to properties you are interested in.
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28
Aug
2012

Before signing on the dotted line, it is incredibly important for prospective homeowners to consider the additional costs involved in purchasing a property over and above the selling price.

Many buyers who are itching to enter the property market are mainly concerned with what their bond repayments will be, and fail to realize the impact these supplementary costs will have on their finances and what they may realistically be able to afford.

While the loan repayment is a very important consideration when calculating the cost of buying a house, banks typically grant bond financing that amounts to no more than 25% of the applicant’s gross monthly income. This is essentially the basic monthly expenditure a buyer will need to budget for. Another factor, of course, will be the remaining payments on current loans buyers are still repaying. It is wise to find out if there will be a penalty payable for settling the loan account prematurely, as this is a cost that can unexpectedly crop up should one not be aware of the bank’s policies.

What potential buyers often overlook when deliberating the total financial outlay, typically when purchasing their first home, are the registration and transfer costs that they will be liable for. Transfer costs include conveyance fees as well as transfer duties that are calculated on a percentage of the purchase price. It is important to note that there are no transfer duties payable on properties valued below R600,000, and for properties valued between R600,000 to R1-million a 3% fee. Property priced between R1-million and R1.5-million require 5% transfer duty, while those valued over R1.5-million top out at 8%.

The only exception to this rule is when property is purchased directly from the developer, and as such no transfer of ownership is needed as no previous owner exists. On these properties a VAT portion will generally be payable in place of transfer duties. Registration costs are incurred when the bank must register the bond. Both transfer costs and conveyance costs are entirely dependant on the value of the property or land in question.

Typically, buyers will need to submit a deposit of between 10% and 30% of the property’s purchase price, which will be stipulated in the contract This deposit can be kept in an attorney’s trust account and earn interest until such a time as the transfer is registered and finalized.

Smaller, but no less significant costs include the Deeds Office registration fee – the final step of legally registering the property in the buyer’s name – as well as the Revenue stamp – a government tax payable when a property is sold – and admin fees.

When purchasing any property, it is also sensible to consider any repairs, improvements or renovations that may be needed, as this can drastically influence the financial implications of the purchase.

Finally, another important expense that should be kept in mind is the agent’s fee or commission when purchasing a property through an estate agency. The commission may be up to 7% of the purchase price of the property – which adds a significant amount to the finances that will need to be available. It is because of this that companies like MyRoof make a excellent alternative to estate agencies. By making use of the site – which lists properties of every kind – a buyer can eliminate the expense of commission payable completely.

Accordingly, it is vitally important for all prospective buyers to be prepared for all the costs related to the purchase of property in order to avoid nasty surprises.

Make sure to have a look at MyRoof.co.za for fantastic bargains on private property and repossessed property for sale in your area!

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