Frequently asked questions on buying property

Frequently asked questions on buying property

1. Why should I buy a house, is it not better to rent a property?

Statistics has shown that the property market has grown extensively over the last few years and that selling prices of property has increased each year, due to the increased demand for property. If this trend continues and many market annalists believe that it will, then the prices of property will gradually increase and the longer you wait the more difficult it will become to purchase a property.

2. What are the benefits of buying direct from the developer?

To buy directly from a developer will give an instant saving and best value.

Main reasons are:
No agent commission
Save on transfer duties

3. Can GRM Properties help with financing?

Yes we can. GRM is working closely with Mortgage Max’ Home Loans. We assist with home loan applications and expedite approvals. more>

On request, assistance will be given with other banks and bond originators.

4. What are the benefits of a Sectional Title Property?

The body corporate receives funds from all the owners by means of levies, which are used to pay for the expenses of the sectional title scheme. Unlike full-title properties, this levy is utilised for their own home insurance and for the upkeep of the garden and exterior of their homes. A lot of administration is taken off the owner`s shoulders and offers a lock-up and go lifestyle. It is more safe to stay in a Sectional title complex where there is good perimeter and entrance security. Buying into a sectional title scheme may be more affordable than buying into freehold property. Due to the fact that the cost of maintaining the common property is shared by all the owners, the cost of living is lower that of full-title properties. Sectional title gives an enhanced sense of communal life and allows for greater interaction where close knit communities are usually formed.