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How to negotiate commission
Commission negotiations can be brutal
The agent’s fee is something everybody (except for the real estate agent) loves to hate. Unless the real estate agent performs a service far beyond the norm, I doubt you could find any buyer or seller who’d wish to pay his/her real estate agent MORE commission than is absolutely necessary.
Informed buyers and sellers know that real estate agency commissions are negotiable, but few people know HOW to negotiate a better agent’s fee. In this article, I discuss how to negotiate real estate agents’ commissions. It gets a bit detailed, but the devil’s in the detail, as grandad used to say! Delve into How to negotiate commission »
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FNB goes back on its word
This morning I was lying in bed being woken by the good folks of Morning Live on SABC2. And all drowsiness dissapated at about 6:30 with an interview involving an FNB spokesman and the Banking Ombudsman of South Africa.
Apparently, First National Bank(FNB) is going to re-assess home loans that the bank had already approved a year or more ago. The home loans that will be reconsidered include about 2000 approved mortgages that have, after a period of a year or more, not yet been registered against the title deeds of the relevant properties. The bank plans to reassess the loan applicants’ credit based on the current credit assessment standards and their current debt load and general financial position. Read FNB goes back on its word »
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The problem with shareblock
In October last year Property 24 reported that the National Credit Act was responsible for shareblock sales along the Durban beach front plummeting. Is this still the case? I can’t seem to find more articles along the same line, so maybe not? I don’t know. But I’d love to hear from readers with share block property about their experiences! See the full The problem with shareblock »
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State of the property
Anyone who has been keeping an eye on residential areas in South Africa can tell you that the South African real estate market is a whole lot slower nowadays than a year or two ago. For Sale signs stand on sidewalks for months – some seemingly sprouting seedlings in the meantime – without success. Get the rest of State of the property »
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Getting Finance
The process of getting finance approval for your new home is a very important part in the train of home buying events.
It is important to make it as easy as possible for the lender to approve your home loan. This means getting all the information and documents ready, even before submitting an offer to purchase a home. Read Getting Finance »
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