BUYING PROPERTY AND THE CREDIT CRUNCH

Posted by on Jul 28, 2015 in Property Blog

So, we all know that there is a credit crunch causing havoc in most of our lives at the moment and buying property is not on the top of most peoples minds, but rather getting out and staying out of debt. And we are all becoming quite aware of how we spend our money and where we are spending it, however, the important thing to remember when it comes to deciding whether to buy or rent a home in this tough time is this, inevitably your rent would have to cover what the landlord owes on a bond… right, so why not consider approaching your bank to see what bond you can take, what the repayments would be and if this is suitable to your budget why not purchase your own home?

Buying a property is not an ‘expense’ of course it is an expense but it increases in value not like other things such as cars, cell phones, TVs etc. 9 times out of 10 people make profits on the sales of their homes. A house for most people is their most valued asset. It is wise though, to stick within your budget and look for bargain properties that are both comfortable and affordable.

We just received this new listing that is smoking HOT. A 3 bedroom, 1 bathroom family home in Lester Park, situated in a quiet cul de sac and secured by a palisade fence and electric gate, that is not all, this stunning property boasts amazing views and has an income generating 1 bedroom granny flat, play your cards right and this flat could pay 1/3 of your bond. So why the whole schpeal, this Amazing property is going at the crazy low price of R1 050 000.00

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