Seeking houses for sale? Advice for first-time buyers

Seeking houses for sale? Advice for first-time buyers

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Buying one’s first home is an exciting endeavour and a desired milestone for many individuals. It is a way to truly own a house and transform it into a long-term home. It is also a major financial investment and comes with plenty of responsibility. Apart from attaining a pre-approved loan (which will assist you in figuring out the right price range), you will need to start searching for houses for sale that accommodate your current lifestyle needs and future goals, whether this means growing a family or starting a new career.

 

Why to buy property now

 

Despite the global pandemic greatly affecting the South African economy, and other issues such as load-shedding cropping up, the property market continues to grow. Consistently low interest rates make property investment a viable option for first-time buyers. Low interest rates and house prices falling makes this an ideal buyer’s market – but this may be for only a short window of opportunity. In fact, industry experts predict that we could see the pendulum swing into a seller’s market as early as 2022, and those seeking houses for sale would do best to act quickly.

 

Understand your budget and the extra costs involved

 

Using an online home loan calculator (many banks have this available on their websites), you can easily work out a realistic amount to borrow and what your bond payments will amount to each month. Finding a home is not as simple as shopping for houses for sale and procuring your favourite through a once-off payment, however. There are usually hidden costs involved that most first-timers do not know about. These costs include bond registration fees, transfer duties, conveyancing fees, and special levies if you are investing in a sectional title complex. Along with a monthly bond repayment, you will have rates and taxes to cover too, which will also increase your expenses.

 

Researching where you want to live

 

The location in which you live is just as, if not more, important as the home you choose. If you are shopping for luxury houses for sale in a rundown part of town, you may save on money, but the investment could be a poor one in the long run. While looking for houses for sale, find areas you like that are known for safety, easy commuting and transport, great schools and medical facilities, and easy access to convenient amenities such as shops. Once you find a desirable area, research the average going price of houses for sale and compare that to the price of the homes you are viewing.

 

Do your homework on your purchase

 

Once the sale goes through, the seller cannot be liable for defects on the property. This means that you will need to thoroughly understand the condition of the home. Actively looking for defects such as structural damage, faulty electrical or plumbing installations, or toxic and dangerous materials present is important. It is always recommended to hire a professional inspector to help you identify any obvious or latent snags before you sign that dotted line.

 

Work with a trustworthy rental agency

 

Having a professional on call to assist you with choosing your dream home and sorting through all the required documents and legal jargon is vital. With us at Fine & Country South Africa, for example, you can expect leading industry expertise and knowledge of the luxury market. We will advise you on the best places to invest and which houses for sale would best suit your preferences, living requirements, and chosen price range. We also have access to exclusive listings, which means you are privy to properties not seen anywhere else.

 

Do not make the mistake of shopping for a new home without assistance – let us make the journey a hassle-free delight. For more information, speak to our friendly team today.

DISCOVER MORE ABOUT FINE & COUNTRY

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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Fine & Country Foreign Exchange


We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »