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Losing Your Home at a Sherrif Auction:(sub-topic: The Horrors of Building Your own home)
Life Lessons from a True Story.
If you have fallen behind on your Homeloan, know someone who has, or own Property financed through a Bank, this #Thread is for you.
#PropertyTipsWithNthato
Life Lessons from a True Story.
If you have fallen behind on your Homeloan, know someone who has, or own Property financed through a Bank, this #Thread is for you.
#PropertyTipsWithNthato
Background:
This is a rather sad story, that happened this year, so brace yourself,
The Thread will be two-fold,
Part 1: Life Lessons from a True Story: Losing Your Home at a Sherrif Auction
Part 2: How to prevent losing your house at a Sherrif Auction
This is a rather sad story, that happened this year, so brace yourself,
The Thread will be two-fold,
Part 1: Life Lessons from a True Story: Losing Your Home at a Sherrif Auction
Part 2: How to prevent losing your house at a Sherrif Auction
Part 1:Losing Your Home at a Sherrif Auction( Horrors of Building your home)
This couple had a lump sum of R8 Million to Build their dream home, the business was doing well and the wife had a good job.
They decided to purchase a stand at a lush estate for R2.5 Million,
This couple had a lump sum of R8 Million to Build their dream home, the business was doing well and the wife had a good job.
They decided to purchase a stand at a lush estate for R2.5 Million,
Buying Property Through a Joint Bond: Pros & Cons
A #Thread
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#Propertytipswithnthato
A #Thread
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#Propertytipswithnthato
What is a joint bond?
This is a home loan taken from a financial institution by two or more people/entities towards the purchase of co-owned immovable property e.g a house. This information is then captured and reflected on the information that reflects at the deeds office.
This is a home loan taken from a financial institution by two or more people/entities towards the purchase of co-owned immovable property e.g a house. This information is then captured and reflected on the information that reflects at the deeds office.
Disclaimer: This thread does not focus on a married couple, as their terms of marriage whether in COP or otherwise, will dictate the sharing of assets.
First Time Property Buyers
Part 2: Ongoing Property Ownership Costs
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A #Thread
Part 2: Ongoing Property Ownership Costs
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A #Thread
Yesterday we covered property purchase costs. Now that you have fully prepared for the once-off costs of property ownership.
We will focus on the most important aspect: Ongoing costs of property ownership, for most people this cost will be for 20 years
#propertytipswithnthato
We will focus on the most important aspect: Ongoing costs of property ownership, for most people this cost will be for 20 years
#propertytipswithnthato
These costs are hugely impacted by the type of property you choose. There are four main property types in South Africa: Freehold, Sectional Title, Leasehold, and Shareblock. I will define the first 3, the fourth one is usually for property investors.
#propertytipswithnthato
#propertytipswithnthato
First Time Property Buyers: What to Expect and How to Best Prepare yourself
A #Thread
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I will be writing a series of daily #Property #Threads during the #lockdownextension
#PropertyTipsWithNthato
A #Thread
----Retweet For Awareness----
I will be writing a series of daily #Property #Threads during the #lockdownextension
#PropertyTipsWithNthato
According to an Investec report, Over 60% of millennials are either renting or living with parents. They are the highest number of new entrants into the property market. First-time buyers contribute to around 50% of bonds granted annually.
#PropertyTipsWithNthato
#PropertyTipsWithNthato
From my experience, I have witnessed costs being the greatest factor and biggest gatekeepers to homeownership. Also, those who do get over this hurdle are usually ill-prepared for the amounts required in CASH, during this process.
#PropertyTipsWithNthato
#PropertyTipsWithNthato
