Tools & Tips

If you are a first time home owner or have bought before, this segment offers an excellent overview to help you find your way. Buying or selling property can be a difficult ordeal, but we at Rockthatch Realty believe that this should be fun and exciting. We take care and guide you through all the issues.

Are You Really Ready To Own A Property – Take the Test

Most would agree the getting into the property market early is best, but this is not always true and owning a property can become a huge burden if you rush into the decision.
To fully appreciate a new property purchase, and avoid it becoming a financial burden you need to ensure that you have considered each of the following questions carefully:

1. Are you ready to take on the responsibility of owning your own property? Homeownership comes is the very serious responsibility of having to repay a home loan. A mortgage is often the biggest financial commitment most people will make in their lives.
2. Can I afford the extra costs of homeownership, such as: Levies, Rates and Taxes, and Household insurance?
3. Do I have a secure income (Job or Business) that will aid me to pay off my bond?
4. Will I be happy to live in or hold the property for at least 5 to 10 years? There are very few quick fixes in real estate. Be sure that the property you’re buying is going to cover your needs for the next few years.
5. And finally, will I qualify for a home loan? Banks now require you to have very good credit record before granting you a bond.

It is crucial for all potential real estate owners to be properly informed on how to buy property in South Africa. Investing in real estate is probably the biggest single purchase you will ever make in your lifetime. It is both a major financial commitment and a stepping stone to security. It is an investment in your future which should not be approached without patience, level headedness and common sense.

The expertise of Rockthatch Realty will help to walk you through the process. We will guide you from start to finish, making you feel settled and comfortable, knowing that you've made the right decision.