Nine property experts will be sharing their knowledge with home buyers and investors at a workshop to be held in Bellville on 18 April.
The first workshop will be hosted from 2pm to 5pm, and will thereafter expand on a national basis.The first workshop will be hosted from 2pm to 5pm, and will thereafter expand on a national basis.
This is according to Meyer de Waal, a property attorney and convener of the workshops, who says more than 1 300 apartments and houses will be available for viewing from more than 24 prime selected property developments.
The portfolio of properties will be available for viewing from 1pm and again after the workshop, and attendees are advised to arrive early to give themselves sufficient time to view the properties which range from areas such as Hazeldene, Kraaifontein, Paarl, Rugby, Maitland, Strand, Durbanville, Khayelitsha, Blue Downs, Scotsdene, Stellenbosch and Eerste Rivier.
The negative impact of the recession and implementation of strict lending rules by the banks since the introduction of the National Credit Act discouraged many aspiring home buyers and property investors to buy a property, notwithstanding the relative low interest rates offer on a home loan, he says.
De Waal says the impact of personal overindebtedness and lack of affordability made it even more difficult to buy a home, and in many instances the lack of know-how is also a major restive factor.
Due to high demand and lack of stock, rentals are escalating at rapid speed. He says many tenants are frustrated and aggrieved that they ‘throw money in the water’ each month when they pay rent, as they see the rental that they pay could pay off their own home loan.
The concept of renting your property first, also known as rent-to-buy, gave many tenants the opportunity to secure their own home by first renting it for a period of time, with the secured right to buy the same property. De Waal says rent-to-buy properties will also be available at the workshop.
House prices are increasing rapidly and many tenants are getting into a panic because they think they should buy a property right now before it becomes too expensive and difficult to get into the property market.
This is leading home buyers to making hasty and uneducated decisions when they are under pressure to buy a property, and they often regret their actions as buying a home is usually one’s largest and most expensive investment they will ever make, he says.
“We’ve decided to group our experience and knowledge together and share it with home buyers, so they will also be able to learn from our mistakes, and thus the Workshops for Home Buyers was conceived, as we want home buyers to make informed and educated decisions.”
The contributors are Verna Pugin, an experienced Borrower’s Education trainer for various financial institutions and a specialist in assisting home buyers to obtain access to Government subsidies like FLISP (Finance Linked Individual Subsidy Plan) and Neale Petersen, an entrepreneur, mentor and well-known editor of Real Estate Investor Magazine.
Vangile Makwakwa, author of ‘Heart, Mind & Money: Using Emotional Intelligence with Money’, a financial literacy speaker for the Sanlam Youth Segment, part-time Finance and Economics Facilitator, founder of Wealthy Money, Blogger, coach, writer and speaker on the link between personal finance and emotions will also be there.
Other contributors include:
- Cara Lippert, a debt restructure expert and affordability improvement facilitator.
- Tony Collins, professional property valuer and author of ‘An Introduction To Commercial Property Finance, Development and Investment’, part-time lecturer, convenor and presenter of a 32 module property development course.
- Annette Evans, general manager of the Institute for Estate Agents, manager of Training for the Institute and manager of Propstats.
- Mark Witzmann, experienced conveyancing attorney of Oosthuizen & Co Meyer de Waal attorneys.
- Meyer de Waal, convenor of the workshops, conveyancing attorney, property lecturer and developer of the Rent2buy concept, My Bond Fitness, Mobile2budget.
- Ebrahim Khultum, representative of Nedbank, to provide a guide and direction on how to apply for a home loan.
Entry fees are R250 per person and R350 for a couple.
Print
