Hidden Tools on Property24 for Home Buyers

[@healthtraveljunkie]

Useful info

[@phe9238]

Thank you very much, helps me as interested German to understand how to make me smart.... 👌👊🏅

[@lil2sylas]

this is perfect man thank you very much

[@pauljansen6650]

Brilliant video, thanks man!

[@philemonbodiba]

I've had my home loan application approved by one of the South African banks. Is it compulsory to take out any insurance on my home loan?

[@Lientjie-ji1pc]

Yes

[@taylacalcott7839]

Banks will require building insurance on the property you’ve purchased. Sectional titles managed by a body corporate etc sometimes have this included in your levies. Freeholds you’ll need to acquire your own insurance. Don’t be afraid to ask your bank and compare quotes.

[@philemonbodiba]

​@@taylacalcott7839I'm actually buying an apartment in a complex. Does that qualify as Sectional Title?

[@charlprop_livingincenturion]

You must have life insurance ceded to the bank.

[@MusehanaH]

@charlprop_livingincenturion, not in all instances. My bank required one when I purchased my first entry level apartment...and the same bank didn't when I purchased my second a bit upmarket apartment. I asked the bond attorney why that was and was told it depend on the risk profile as determined by the bank.

[@TheSchmidtish]

Should show median not average prices tbh...

[@TheSchmidtish]

Seems a bit biased in the selling price argument. Thinking that a 8.5% annual growth rate is achievable or sustainable in a high interest rate environment is crazy.