While banks in SA are still keen to lend to home buyers, they are also applying their credit granting criteria more strictly now in the light of rising inflation and rising interest rates, so it is vital for prospective borrowers to make sure their finances and credit records are all in order before they apply for a loan – and long before they start looking for properties to buy.
So says Berry Everitt, CEO of the Chas Everitt International property group, who advises that it is always a good idea to consult a reputable bond originator before you go house-hunting and establish whether your home loan application is like to be approved – and for how much.
That way, Everitt says you will have the chance to clear up any potential problems, and establish your spending limit so that you can view homes within your price range and make offers to purchase with confidence.
Find out how much bond you qualify for with the Property24's easy-to-use calculator tools
You can get your foot on the Joburg property ladder without breaking the bank. Take a look at these well-priced homes…
1. A fresh start in Randfontein for R900 000
This home in Eike Park is close to all amenities and offers two bedrooms, two bathrooms and an outdoor storage room.
Click here to view.
2. Space for the whole family in Randburg for R1.895 million
This generously appointed family home in Randpark Ridge offers four bedrooms, two bathrooms, a lapa with braai area, bar and pool.
Click here to view.
3. Brand new home in Roseacre for R1.345 million
Situated along the highway and within 15 minutes from Joburg CBD, this home in Bella Donna Estate has three bedrooms, two bathrooms, 24-hour security and access to communal braai areas.
Click here to view.
4. Private living in Lotus Garden for R1 250 277
This three-bedroom, two-bathroom home in Danville has a patio, private walled garden and is close to amenities.
Click here to view.
5. Feel at home in Randpark Ridge for R1.65 million
Situated in a secure complex in Randpark Ridge, this home has a double automated garage, spacious kitchen, three bedrooms, two bathrooms and a private garden.
Click here to view.
Want all the latest property news and curated hot property listings sent directly to your inbox? Register for Property24’s Hot Properties, Lifestyle and Weekly Property Trends newsletters or follow us on Twitter, Instagram or Facebook.
Print
