OUR STOCK – SALES & RENTALS

In our current market, in the areas where we work in Roodepoort in and around the Wilgeheuwel area, we find that property rentals are in very high demand and that they move quite quickly whereas property sales are a bit of a “process” at the moment. Buyers are there, stock is there but buyers seem to be a bit hesitant ….. looking for absolute bargains where sellers are looking to get as much as possible, sometimes being unrealistic.

We have some amazing properties for sale at really good prices at the moment. We also have regular rentals which we market and manage for our landlords. Our rentals are picking up nicely and we aim to continue to grow this part of our business for the next year or two.

Sales will always be our main focus and we are serious when we say that ‘YOUR SALE IS OUR GOAL”.

Let’s have a look at some of our sales stock ….. everything is available to see on http://www.steynrealty.co.za …… and follow us on @steynrealty

For Sale through Steyn Realty – Allen’s Nek – R 2 395 000

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This is an amazing 4 bedroom 3 bathroom sectional title unit (Duplex) in Allen’s Nek for R 2 395 000. The property is around 265 sqm under roof and has immaculate finishes throughout. From the Kitchen to the Bathrooms ….. this is truly one of a kind.

The property has 3 bedrooms and 2 bathrooms upstairs with a HUGE main bedroom, balcony and upstairs lounge area. The guest bedroom / study / office is downstairs with a bathroom. The property has a TV lounge, dining room, pool, lapa, trampoline, covered patio, 3 x aircons, granite kitchen with space for double door fridge, gas oven and scullery for all your other appliances, double automated garage leading into the house as well as a double car port and visitors parking, FIBRE installed …… all in a very neat and secure complex.

Next up is a 163 sqm, 3 bedroom 2.5 bathroom duplex in Honeydew Manor ….. listed for R 1 550 000, this unit is actually priced under market value as a similar unit has recently sold in the complex for over R 1 600 000.

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Honeydew Manor R 1 550 000

This is quite a new development and the seller here bought directly from the developer about 3 years ago. This unit has all 3 bedrooms upstairs and a quest bathroom downstairs, lounge & dining room with a granite kitchen, covered patio and a double automated garage leading into the house. Good value for money!

If you are looking for a simplex where you have a 4th room & bathroom to be used as a study/office, domestic accommodation, teenager pad or store-room then the next property could be just the one.

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Honeydew Grove R 1 295 000

This property is in honeydew Grove and is 158 sqm in size. It was originally built with a 4th room / domestic room and bathroom behind the garage with its own separate entrance but also has an entrance from the garage. The double garage is also automated and leads into the house. The property has 3 double size rooms and spacious bathrooms, large living space with TV lounge and dining room and a large granite kitchen with pantry, space for 3 appliances and a double door fridge …. ar R 1 295 000 this is one of the best priced properties in the area.

RENTALS

As previously mentioned, rentals tend to move quite quickly. All our tenants are screened and verified before placement through the TPN Credit Bureau system.  If you are looking for someone to manage you rental portfolio, give us a call, we would love to assist. Marnus 072 264 7806 or Juanita 083 604 1231 … or email rentals@steynrealty.co.za

Here are some of our rentals available for 1 December 2017 and 1 January 2018.

Rentals 1 Nov List

We have a passion for real estate and we would love to assist you. Selling, buying or renting ….. we can help!!

PROPERTY

 

 

Stock – Some of our latest listings …

We focus predominantly on property sales and rentals in areas from Sterkfontein / Pinehaven side, along Hendrik Potgieter towards Clearwater Mall and Wilgeheuwel Hospital.

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what we do …. @steynrealty

We have recently sold some of our stock and we urgently need new rental and sales stock for our buyers. Here are some of our current stock:

For Sale:

  1. Windsor West – R 690 000 – CLICK HERE
  2. Wilgeheuwel – R 899 000 – CLICK HERE
  3. Wilgeheuwel – R 935 000 – CLICK HERE
  4. Wilgeheuwel – R 950 000 – CLICK HERE
  5. Wilgeheuwel – R 1 125 000 – CLICK HERE
  6. Allen’s Nek – R 1 500 000 – CLICK HERE
  7. Little Falls – R 1 599 000 – CLICK HERE – House
  8. Wilgeheuwel – R 1 645 000 – CLICK HERE – House
  9. Honeyhill – R 1 700 000 – CLICK HERE – House
  10. Ruimsig – Smallholding – R 4 650 000 – CLICK HERE

To Let:

Our rentals are done through the TPN Rentbook system and all our applications are subject to a full credit approval process, employment verification and affordability screening. All of our properties are currently occupied but we get new stock in on a monthly basis. If you are not happy with way your rental portfolio is managed, we can also take it over.

Here is one 3 bedroom and one 2 bedroom unit we have available from 1 May …

  1. Wilgeheuwel – R 5500pm – CLICK HERE
  2. Wilgeheuwel – R 9 250pm – CLICK HERE

For more details on any of our services, please call, whatsapp, sms, email, tweet, facebook message …. we will get back to you.

Hope you have a great weekend.

M&J  …… http://www.steynrealty.co.za …… @steynrealty

New-Look Blog

What do you think? Changed the theme for my blog ….. new and fresh. Although I share some personal info on my blog, it is mostly there to promote my profession and my business as a Business Owner & Real Estate Agent with Steyn Realty in Roodepoort, on the Westrand of Gauteng, Johannesburg, South Africa.

As part of all the marketing we do, blogging isn’t always that easy to “get to” but still a very effective marketing tool. Our marketing consists of the following:

  1. Boards & Dustbins – For Sale – To Let – Sold – Area Agent – Area Specialist – On Show etc …. extremely effective as many buyers, sellers, tenants & landlords drive around in the areas where the want to buy sell or rent and if they spot your details on a board you might get some business.
  2. Website portals – the main websites to advertise our property listings on are Property24 and Private Property. Other sites such as Myproperty, Entegral, IOL as well as our own website are also useful for lead generation. I must say, Entegral is doing a great job assisting estate agencies with real good-looking and user-friendly websites (not expensive) and easy to manage.
  3. Social media … need I say more. We have to be on them all … Twitter, Instagram, Facebook, LinkedIn …. and blogging of course. To follow all our profiles just click on the Social Networking on the home page and click to follow. We love engaging with our followers and answering any property / real estate related questions you might have.
  4. Networking ….. everywhere we go, we network, give out cards, chat to people take numbers and stay in touch as far as possible.

We are always looking for stock, Houses, Townhouses, Clusters, Flats, Estate Houses, Plots, Vacant Land, Farms or any real estate in the areas where we work ….. and we love selling. All our stock can be viewed in detail on http://www.steynrealty.co.za

Our areas where we work stretch from Sterkfontein / Krugersdorp in the West (we refer many buyers and sellers to an agency called RealPro who specializes in assisting buyers, sellers, landlords and tenants in that area). Pinehaven, Featherbrooke, Home Haven in the West all along Hendrik Potgieter towards Ruimsig, Amorosa, up the hill towards Helderkruin, Kloofendal etc. Around Clearwater Mall, Wilgeheuwel, Strubensvallei, Little Falls, Radiokop, Allen’s Nek towards Wilgeheuwel Hospital.

We do a lot of Sectional Title sales and Rentals although the last couple of months towards the end of 2016 and the start of 2017 we have assisted some more sellers, selling their Houses in the area.

If you or anyone you know are looking to buy, sell or rent out their property, we would love to assist. We can assist with free, market related valuations for selling or rental purposes. We advertise on all major websites and social media as explained above. We screen all our tenants through the TPN Credit Bureau and we also make use of the TPN Rentbook system to manage and invoice our tenants.

For more info on your own affordability and credit profile for buying property, please contact Sanette Payne of Payneless Bonds on 087 151 4712 / 011 662 2396 or email sanette@paynelessbonds.co.zahttp://www.paynelessbonds.co.za

For any legal queries regarding the transfer process, costs & fees or any legal issues regarding the transfer and registration of Properties, please contact Jolandie Pieterse at Truter Crous & Wiggill Attorneys on 011 692 1640 or email jpieterse@tcw-rftn.co.zahttp://www.tcw-rftn.co.za

Thank you for reading this post, and remember, we love selling and we would love to assist you in the future.

Marnus – 072 264 7806 – marnus@steynrealty.co.za
Juanita – 083 604 1231 – juanita@steynrealty.co.za

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Seller Information

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SELL THROUGH STEYN REALTY

I recently posted this article on our website in an attempt to notify sellers and future property sellers as to the potential pitfalls / costs when selling.

Just in the case of purchasers who need to do their homework before buying, making sure they are credit worthy and what they can afford, Sellers also need to do their homework ….

While touching on a couple of other issues, the article aims to outline most of the potential costs that Sellers may be responsible for during the sales and registration (transfer) processes. It covers the following:

  1. Avoiding Penalty Interest
  2. Bond Cancellation Costs
  3. Compliance Certificates
  4. General Condition of the Property and
  5. Nomination of the Transferring Attorney Firm.

You can read the article by clicking on the link below.

CLICK HERE

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For any sales or rental related queries or to get your property listed in the Roodepoort, Ruimsig, Wilgeheuwel, Little Falls, Constantia Kloof and surrounds …. please contact!

Marnus Steyn – 0722647806 / marnus@steynrealty.co.za

Juanita Steyn – 0836041231 / juanita@steynrealty.co.za

http://www.steynrealty.co.za

 

Where is TIME going …?

August 2016 …. 5 months into our own business and more than 11 years in the Real Estate Industry and here we are …. still going “strong”.

PROPERTY

During the last 5 months we have done a fair amount of transactions ranging from R 2 000 000 to R 500 000 but we need more, much more. We pride ourselves on being pro-active when it comes to marketing and advertising of our stock, technology and the quality of our service, feedback, knowledge and professionalism.

Buying or Selling property is a massive decision and we take it very seriously. We have the necessary knowledge and experience in selling residential homes / clusters as well as sectional title townhouses and apartments to make sure that our clients are in good hands and get the right advice. We also offer rental procurement and management services where we offer a complete service through the TPN Rentbook and TPN Credit Bureau systems.

We get enquiries for sales and rental stock on a daily basis and we need more stock to show our buyers and tenants.

If you are at all looking to SELL or LET OUT your property, please give us a call or an email so we can assist. We cover quite a large area from Pinehaven in the West all the way along Hendrik Potgieter up to the Wilgeheuwel Hospital area in Radiokop. We are also looking for properties in Helderkruin, Kloofendal, Constantia Kloof and Weltevreden Park.

We can be contacted as follows:

Marnus: 072 264 7806 / marnus@steynrealty.co.za
Juanita: 083 604 1231 / juanita@steynrealty.co.za
Our website is: http://www.steynrealty.co.za
We are also quite busy on social media where you are welcome to follow our tips / hints / latest stock and industry related news updates and info ….

For our Facebook page ……. Click here
For our Twitter feed ……. Click Here
You can even follow us on Instagram ….. @steynrealty

We would also love to hear your views and thoughts on the SA Real Estate industry so please interact and give us you opinion.

\WE CAN HELP

 

SA Interest Rate and how it will affect buyers and sellers

THE SOUTH African Reserve Bank, during the recently held Monetary Policy Committee meeting (MPC) announced an increase in the interest rate of 50 basis points. This also meant an increase in the Prime Lending Rate from 9.75% to 10.25% – which means you will now have to fork out even more.

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As a homeowner, this suggest that you will now pay around R330 more per month for every R1 000 000 you owe the bank on a normal 20 year bond repayment period.

Many economists are, however, predicting that the interest rate will see a further increase by up to an additional 100 to 125 basis points towards the end of the year. This will raise the prime lending rate to from 10.25% to 11.50%.

What this will mean is that on a R1 000 000 bond taken over 20 years at a rate of 11.25% your repayment will be R 10 492.56 compared to a repayment of R 9 485.17 at a rate of 9.75%. With this forecast in mind, many homeowners could possibly decide to sell and downgrade.

The “theme” for this year will aptly be known as AFFORDABILITY and many articles have since been published warning the public not to incur additional debt if at all possible this year. Homeowners feeling the pinch of their bond repayments will have to cut down on unnecessary spending and luxuries in order to absorb these increases.

Many homeowners will decide to downgrade by selling and renting or buying something more affordable. Some investors feeling the pressure of multiple bonds and additional exposure might also decide to re-look at their portfolios and possibly sell-off some property.

This will mean an increase in property in the lower to medium price brackets as well as an increase in the demand for rental and affordable properties. Some investors, not affected by these rate hikes, will be keeping a close eye on the market and try to pick up some good deals. They normally have some cash and as long as the rental income makes sense, they will look at it.

Sellers need to make sure that they don’t fall into the trap of overpricing their properties. They need to make sure that they do their homework thoroughly and then enter the market at the right price bracket so that they can attract buyers. By making use of estate agents, which are specialists in the area where you are selling, you can easily get a couple of valuations and then get an opportunity to assess the situation from there. Don’t just go for the agent with the highest price as this could take too long to sell.

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Well priced, neat and well looked after properties will be seen as good value for money; they will attract more buyers and also sell much quicker. These properties that are overpriced and neglected will struggle to sell at the asking price and will have to drop in price eventually in order to sell. Having said that, I truly believe that every house has a buyer, as long as the price is right.

Currently there are property shortages in many price brackets which mean that sellers can possibly get a bit more for their properties as they have more negotiating power due to an undersupply. As more stock comes into the market, property prices will stabilize and qualified buyers will get more of an upper hand when negotiating on the purchase price.

Buyers also need to do their homework and find out what their credit scoring is and for how much they can qualify. Over and above that, they need to be clear on what they can afford taking all the costs and additional expenses of owning and maintaining a property into consideration. Many bond originators offer a service where they can, very accurately, assist buyers to check their credit scoring, affordability and determine what they will qualify for.

By keeping an open mind, speaking to the right people and getting advice and as much information as possible, you can make sure that you are ready for whatever the market brings. Owning property is still a fantastic investment with great advantages.

Web pic Marnus

For any assistance buying or selling property in Roodepoort and surrounding areas, please call Marnus on 072 264 7806 or email marnus@steynrealty.co.za

http://www.steynrealty.co.za

What factors should you consider when buying into a HOA or Sectional Title / Body Corporate ….

A resent article on Property24 highlighted the most important factors to consider when buying into a HOA (Home Owners Association). Herewith the article:

05 Jun 2012

Gated communities and private estates have become common place in South Africa mainly due to their perceived feelings of added security and safety. What most people might not realise is that each of these communities and estates are ruled by a Home Owners Association (HOA) that has their own set of rules and regulations with regards to what can and cannot be done.

Ask to see the most recent trustee meeting minutes – viewing the minutes will be able to give you an idea of the topics and issues that are current within the estate. “HOAs are often confused with Sectional Title Schemes or Bodies Corporate, and whilst the two are similar there are many differences,” says Johann Le Roux, Director of Propell.

Before buying into a gated community or private estate, Le Roux advises that you ask the following questions with regards to the HOA for that estate:

  1. Make sure you know what the HOA rules and regulations are. For example are you able to sublet any parts of your property or run a business from your property? What are the styles and colours allowed? Are you allowed pets within the estate; and if you are allowed dogs, must they be walked on a leash when out in the common area? If you are unsure of any of the rules and regulations stated, seek legal advice.
  2. What is the financial standing of the HOA? Is the HOA currently in the black? Does it have any monies saved for future projects? What are the current levies and when last were they increased?
  3. What is the arrear levy collection policy? Obtain a list of arrear owners to establish if there are significant arrear balances, which could impede the HOA’s cash flow.
  4. Ask to see the most recent trustee meeting minutes – viewing the minutes will be able to give you an idea of the topics and issues that are current within the estate.
  5. Find out if there are any penalties for not building within a specified time period – this especially applies to estates where you buy your plot and then build. The penalties for not building within a specified time period have been known to be as much as 8 times what the current levies are.
  6. Make sure the home/property that you are buying is not already out of compliance with the HOA regulations.
  7. What do your levies cover? For example – security, road maintenance, path maintenance, fences, public areas such a pool, club house, etc.

The main advantage of living within an HOA is the lifestyle opportunities they offer, says Le Roux ……

 

 

 

 

A couple of examples in the areas where I sell.

  1. Townhouse in Wilgeheuwel,Roodepoort for R 489 000
  2. Townhouse in Rangeview, Krugersdorp for R 599 000
  3. Townhouse in Wilgeheuwel, Roodepoort for R 850 000
  4. Townhouse in Wilgeheuwel, Roodepoort for R 925 000
  5. Cluster in Chancliff, Krugersdorp for R 1 140 000
  6. Cluster in Chancliff, Krugersdorp for R 1 355 000
  7. Cluster in Strubensvallei, Roodepoort for R 1 750 000
  8. House in Estate, Ruimsig, Roodepoort for R 2 500 000
  9. House in Estate, Ruimsig, Roodepoort for R 2 750 000
  10. House in Estate, Chancliff, Krugersdorp for R 5 259 000

Just to point out that most the advice given above is also applicable when buying into a Sectional Title (‘ST’) / Townhouse development with the major differences being:

  1. Most ST developments are managed by a property management company.
  2. Properties are mostly refered to as Townhouses or Flats where HOA’s are Clusters and or Single Residential Properties within an Estate.
  3. These Townhouses do not have their own Erf numbers which is covered by one Erf number for the development as a whole.
  4. Owners do not own the stand / land on which the property is built but only the inside of the building.
  5. Owners therefore own a share in the development depending on the size of their unit ……… and so we can go on.

The ST developments appoint a board of trustees made up of owners and also have audited financials, rules and regulations, annual general meetings where budgets and levies are discussed and minuted. Some even have regular news letters sent out to owners / residents which can all be obtained prior to signing on the dotted line. Agents selling any of these properties should also be able to provide you with such info where requested.

Additional monthly expenses that you need to be aware of are:

  1. Levies + additional levy for security where applicable (some complexes have this included in the current levy but this is not always the case). Levies normally include payment for services such as: upkeep of common property, garden services, refuse removal, general maintenance to the common property as well as to the exterior of the units, security services and maintenance to gate motors, systems etc, structural insurance (replacement value) including repairs and replacement of geezers, windows, walls, roof structures etc.
  2. Rates and Taxes paid to the relevant council.
  3. Water and electricity usage (Some developments might have these on a pre-paid system) normally included on the levy statement.
  4. Any special levies imposed by the Body Corporate for maintenance, upgrades etc.

What is very important is to make sure that when you buy into any of these Developments, Complexes or Estates, that any additions, alterations or improvements of any sort has been approved by the HOA or Body Corporate and the Council where applicable.

Just as buying any property, you as the buyer have to make sure that you took all necessary steps to gain as much info on the relevant property that you want to buy that you are comfortable going forward with the sale.

Just remember …… “Any day is a good day to buy Property”!

Marnus