Tips for Purchasing Property in 2019

As it stands, predictions for the year ahead seem to lean towards cautious optimism.

According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, the property market in general is likely to be off to a slower start in the first half of the year, as we wait to hear the results of the mid-year general elections. “The current market presents the prime opportunity for buyers who might be able to get in before the market swings back in favour of the seller. Considering the results from last year, the sooner first-time buyers can afford to enter the market, the better…”

Some advice to first-time buyers would be to try and purchase in the first half of the year while the market continues to lean in their favour. To get the best possible price, buyers should do their research and make sure they know what houses are selling for in that area – not just what they’re being marketed at – so that they put forward the most reasonable competitive offer. It is also likely that sellers will be more open to negotiations than if we were in a more thriving market, as we might well enter into towards the end of the year if things continue to go favourably for our country.

Advice for repeat buyers who purchase in 2019 is not to skip the process of shopping around for the best possible deal on a new home loan should they require one. Last year, the MPC predicted interest rate hikes to be in the cards for 2019, so securing the lowest possible interest rate on your home loan upfront will prove helpful when interest rates climb.

We as agents are not just professional house hunters. We are also here to advise you and guide you through the whole process. it is suggested that buyers work through a trusted real estate professional to make sure they receive reliable advice on how best to navigate whichever market conditions they find themselves in when they decide to start their search.

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