Frequently Asked Questions

This is a yes/ no answer. It depends on many factors, was the unit bought as off plan if it was then definitely cost will go up after completion esp. if the offplan cost was a discounted cost which is normally the case.

The answer is yes, esp. if the house is bought on mortgage. The house itself, the physical structure that you built or bought, is a depreciating asset, just like a car. It will age and fall apart over time unless you are constantly pumping money into it for maintenance. And the costs of maintenance and repair are expenses. Even when you pay off the mortgage, you will have costs to maintain, insure, and pay taxes on the value of that home. Therefore, the bigger the physical house, the more it will cost you to keep it and definitely when you decide to sell off the unit. It will usually be a cost less buying price+ mortgage interest + maintenance cost.

A building that has not yet been built is referred to as an off-plan property. Once you have decided to buy it, you can pay in installments until your unit is finished and ready to use. The ready property, on the other hand, is a home that is ready to live in. You may be required to pay it in full because it has already been established.

The terms “real estate agent” and “real estate broker” are often used interchangeably. It is easy to confuse the two terms when both an agent and a broker are licensed to sell property. The basis of both roles is the same. However, an agent and a broker in the real estate industry hold two completely different jobs.

Not properly preparing a home for sale can put a homeowner at a huge disadvantage.

The expression “You never get a second chance to make a first impression” is absolutely true when it comes to selling a home.  When selling a home, you must be sure that your home presents itself in the best possible light.  Making sure clutter is at a minimum, freshly painting rooms, installing new carpeting, or ensuring odors are non-existent are just a handful of things that should be done before listing your home for sale. Then lastly hire the right company to sell off the property.

Determining the difference between price and value, a Valuer will accurately assess your property and help you understand what your property is worth in terms of current market value for a whole host of reasons such as; Bank/Mortgage/Loan, insurance purposes, property tax, financial planning, buying, disposing/selling, audit/balance sheet, owner-occupier house allowance, rental negotiations, merger and acquisitions, etc. Many properties sum insured are either based on their perceived ‘market’ value or purchase price.