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Home. Property Power 11th Edition Magazine & Disc 1
   
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Welcome to the Eleventh Edition.
     
     

Why Property Power?
Buying or selling a home as well as moving, can be one of the most stressful experiences in your life, even more so if you are not properly informed, and it is probably one of the most important investments you will make. You need to understand your rights and obligations and learn to take control of the process.

Property and its wealth creating
Power is not an exact science, but a very complex industry, in which most of us share an interest. Property Power is designed to empower home buyers, home sellers, first-time property investors and owner-builders/renovators with knowledge regarding important aspects of purchasing and selling immovable residential property.

Too many people run into financial difficulty and have to live with disappointments after making hasty decisions and not taking control of their property transactions. Property Power is a magazine (including an interactive PC CD-Rom) in which we cover the most important facts with regard to property transactions as comprehensively as possible, while keeping it simple, user-friendly and easy to read.

If you missed out on the previous editions, don't despair. Each year, after the Minister of Finance announces the new Budget, we update Property Power and release a new edition. Everything discussed in the previous edition is simply revised and modified to the latest developments, figures and legislation in the market and newly researched material is added.

Updated Information
Property Power is updated and published regularly. You can visit our website at any time to make sure that you have the latest edition and that you are not missing out on any new information, like amendments to certain acts, or changes in the interest rate, budget speech, and so on. We endeavour to update Property Power at least once a year, however sometimes an edition may be relevant for two years.

 

New/extensively revised articles
in the 10th Edition:


  Frequently Asked Questions – for Tenants
  Rental Scams – Avoid Becoming a Victim!
  Letting Agent vs. a Private Landlord
  Terminating Your Lease Agreement
  The Eviction Process - How to Legally Evict Problematic Tenants
  Outstanding Municipal Debts?
     
     
Special Features Disc.
The CD pasted in the back of this magazine has some helpful documents, calculators and web links to property related resources. You DO NOT need Internet access to view the disc and use the tools. You would only need to connect to your Internet if you click on a link to an external source, from the disc.

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Our Advice to You...
Although buying and selling property is not an exact science and circumstances will vary from transaction to transaction, we have some simple tips that we would like to share with you:

  Learn to trust your instincts. Do not believe that everybody has your best interests at heart. Remember that buying and selling property is a commercial transaction and therefore you need to be involved with the management of the whole process.

  Do not buy in haste. Spend time thinking about the property. We firmly believe that if the property is meant for you, it will still be available 'tomorrow'.

  Why pay off someone else's bond by renting, when you can grow your own capital wealth by owning your own property? (You may be renting for good reasons however.)

  Never start renovating or improving your new home before registration of transfer has gone through and you are legally the owner. The transaction can collapse prior to registration of transfer and all you hard work and MONEY may be wasted.

  Never over capitalize on your property. Before improving, it is wise to determine whether or not you will be able to make your money back when you sell the property. Do some research in the area and find out what the market value of other properties are.

  Do not use all of your life savings to buy your home. Keep some money available for emergencies.

  Finally, you need to aim to retire bond-free and debt-free!
 
 
 


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