Property Update 2018

April 2018

STEYN REALTY: PROPERTY UPDATE

What’s happening at Steyn Realty and in our Real Estate Market?

We are happy to announce that in 2018 we have seen an upward curve with regards to our Listings, Sales and Rentals. Our Showdays have been very well attended with anywhere from 10 to 20 couples visiting on a Sunday afternoon between 2 and 5pm (our normal show time). We have also sold many of our stock as a result of the show-day which means that we are attracting the serious buyers.

“List Right / Sell Quick” is a motto that we strive to achieve with every property we list. Listing at the right price, at the right time, with good quality photos, correct information and easy access to the property, is a recipe that works well for us. Some of our recent sales this year are perfect examples of this where we list a property, after detailed consultation with the Seller, and then get offers within days of listing. In some cases, we even have multiple buyers looking to make offers on the same property.

Below please find a list of properties, areas and price range that we have recently SOLD:

  1. Cedar View – Little Falls 3 Bed 2 bath simplex +/- R 1 000 000
  2. Poortview Villas – Amorosa 3 Bed 2.5 Bath duplex+/- R 1 600 000
  3. Oregon – Wilgeheuwel 3 Bed 2.5 Bath duplex+/- R 1 400 000
  4. Luderitz – Radiokop 3 Bed 2 Bath simplex+/- R 1 200 000
  5. Minitum Str – Wilgeheuwel 3 Bed 2 Bath family house+/- R 1 600 000
  6. Charleston – Wilgeheuwel 2 Bed 2 Bath simplex+/- R840 000
  7. Carona – Wilgeheuwel 2 Bed 2 Bath simplex+/- R840 000
  8. ST Martin – Honeydew Manor 3 Bed 2 Bath – reserved for +/- R 1 145 000

We also manage a rental portfolio of just over 30 properties in areas including Radiokop, Allen’s Nek, Wilgeheuwel, Honeydew Manor etc. Our monthly management fee is 7% of the rent and we also do placements only at a once-off fee.

In many cases we also assist Sellers and Landlords to get their properties sales/rent ready by using some of our contractors to do basic maintenance work such as painting plumbing and electrical where needed to get the property in a presentable condition. If you need any work done on any of your properties, we would gladly send you details of some contractors who can assist with anything from building, painting, electrical, plumbing and or gas work.

Although we keep a database of buyers and sellers that we contact on a regular basis, we find that most of our Sellers come from “Word-of-Mouth” referrals as well as social media advertising. Our buyers mostly contact us though the internet or through social media platforms where we share all our stock and relevant industry info on a daily basis.

If you would like to follow us on any of our social media platforms please look for us on Facebook, Instagram and Twitter (@steynrealty), you can also follow us (Marnus & Juanita) on similar platforms. We also use these platforms to interact with our clients for when they have questions or queries that we may be able to assist with so please do not hesitate to use these accounts to get in contact with us.

Our website www.steynrealty.co.za has also grown to include all the necessary costs and affordability calculators that you might need. Bond Repayment as well as Transfer and Bond Registration costs are very important when you are planning to buy property.

In the market where we are most active, Sectional Title Townhouses around the
R 850 000 to R 1 600 000 bracket, we find that buyers can apply for, and in some cases get 100% bonds approved. It is however better to include a deposit of 5% to 10% of the purchase price in the offer if you can as this will make your application so much stronger and will result in a better repayment rate.

On 28 March 2018 the SA Reserve Bank dropped the interest rate and subsequently the Prime Lending Rate by 25 basis points from 10.25% to 10.00%. This is positive for the industry but Sellers have to be very careful of overpricing their properties. Buyers have enough information at their fingertips to spot an overpriced property from a mile away. To make sure that you have a good chance of selling, you have to get a professional “market related” assessment done by an experienced agent who is active in your area.

The SA Reserve Bank Monetary Policy Committee meeting dates for the rest of the year are as follows: 22 – 24 May; 17 – 19 July; 18 – 20 September; 20 – 22 November

 Some Tips for Sellers

  1. Remember to give the bank notice that you are selling to avoid any penalty interest.
  2. Make sure your property is in a presentable condition, fix all the small things that buyers will see.
  3. Everything must be in a working condition.
  4. Make the property available. Buyers won’t buy if they can’t see the property. Make sure the property is accessible.
  5. Make sure the garden is neat.
  6. Unclutter the house. This a good time to spring-clean. Get rid of everything that clutters the house …. less is more.
  7. Once listed, make sure you have a look at the photos, specifications and descriptions on the various websites. Is your property presented at its best to the buyers out in the market?
  8. Have the monthly expenses relating to the property ready and available for buyers to see …. levies, security, rates & taxes, water & electricity usage etc.

Thank you for reading through our monthly update letter, hopefully you will find something of value. Please let us know if there is anything specific you need more information on. You can email to marnus@steynrealty.co.za or juanita@steynrealty.co.za.

Some of our current stock

We are always looking for new stock and would like if you could share our information with your friends & family that might need our assistance now or in the future …

“YOUR SALE IS OUR GOAL”

Regards, Marnus & Juanita

072 264 7806 / 083 604 1231 …. if you want to sell quickly and easy.

CSOS Community Schemes Ombud Service

If you belong to a Sectional Title Scheme then you are paying a CSOS Levy on a monthly basis and your complex / scheme has to be registered with CSOS ….. herewith some details.

“The CSOS was established in terms of the Community Schemes Ombud Service Act to regulate the conduct of parties within community schemes and to ensure their good governance. The Community Schemes Ombud Service Act, 2011 (Act 9 of 2011) and the Sectional Titles Schemes Management Act, 2011 (Act 8 of 2011) and Regulation thereto were proclaimed on 07 October 2016.”

For more information visit the CSOS website:

http://www.csos.org.za/

Need to sell? We need your property ….. give us a call:

Marnus Steyn: 072 264 7806
Juanita Steyn: 083 604 1231

PROPERTY

Selling your Property?

One of the most important factors when selling your home is pricing. Pricing can determine for how long your property will be on the market and for how much it will sell in the end. If a property stays on the market for too long is becomes stale, over-exposed and generally buyers think there must be something wrong with the property. When offers do come in they are often much lower than expected.

You also don’t want to give your property away by pricing it way below Market Value and that is why you need a comprehensive and professional valuation done before going into the market. In a Buyers’ Market, where we are now, supply (stock) is high which means that buyers can shop around and drive prices down where they feel properties are over-priced.  It is not uncommon for buyers to offer around 10% less than the asking price as they are also very well informed of prices in the areas where they shop and they can see over-priced properties from a mile away.

Pricing right from the start will attract serious buyers in a shorter time and will result in higher offers being made. As a seller, stay away from agents quoting high prices for selling as they are just out to get the mandate with the idea of driving the price down over time and creating unrealistic expectations.

We Sell Property

Our property valuations are very seldom related to the current replacement values, bank valuations, insurance or municipal valuations / values as these values are often irrelevant when determining the “Market Value” / “Sellable Value” of the property.

We would love to offer you a Free Valuation including a comprehensive CMA (comparative market analysis) of the recent sales in the area / complex or estate where you stay. We specialise in Residential sales & rentals in and around the Roodepoort area. Anything from Wilgeheuwel hospital to Cradlestone Mall along Hendrik Potgieter including areas such as Helderkruin, Honey Hills, Kloofendal, Weltevreden Park, Amorosa, Poortview, Tres Jolie, Ruimsig, Allen’s Nek, Radiokop, Wilgeheuwel, Honeydew Ridge – Manor and Grove, Strubensvallei and Little Falls. We also have a partner company in Krugersdorp that can assist with similar valuations in those areas.

Area Ad

We have a high demand for two and three bedroom townhouses selling around the R 850 000 to R 1 200 000 mark as well as freehold single residential family homes in the same areas …… any property priced right will sell.

Should you be interested to get a professional Market Related valuation done on any of your properties, please contact Marnus or Juanita on 0722647806 / 0836041231. We also offer rental management services from listing, advertising & marketing, screening to procurement and placement as well as ongoing management of the tenant and the property. In addition to the above we offer basic maintenance and cleaning services to get your property “RentReady” before renting it out.

We have a list of attorneys, bond originators & contractors that we use on a regular basis to make sure that we can provide a full 360 ̊service to our buyers, sellers, tenants and landlords.

Please do not hesitate to contact us should you have any queries with regard to the above.

www.steynrealty.co.za

Your Real Estate Professionals

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