August saw another 1/2% dip in the mortgage interest rates now down to 10,5%.
This is great news for home owners or anyone with mortgage or other finance from the banks.
It also means that the affordability level for mortgage bonds will have reduced and more people will now qualify for a home loan.. this helps the property market and will help boost confidence in the market which dived to an all-time low when rates shot up over the past 18 months.
A High Court case finalized this week draws attention to the importance of obtaining initials to any alteration to a sale contract. If the seller makes any changes to a buyer’s offer and these changes are not initialed (ie accepted in writing by the signature of the buyer) even if his conduct afterwards appears to show acceptance, the contract was effectively a counter-offer by the seller and is void.
This week’s case endorsed a claim for cancellation of the sale by a buyer with the prospect of voiding the Agent’s commission claim and allowing the buyer a full refund of the purchase price paid. BE WARNED!
Tired of looking for some suitable artwork to fit in with the new office decor, Dave has decided to make up his own art. Here are some of the images that he will be using to print onto glass.. you will see the finished product on the walls soon....
While times are still tough, we're renovating at Mc Naught and Company Bluff to give you a fresh look, new styles and mod design.. ready to take on the world as the property market improves.
In the photos, from top, the new carpet being fitted, middle photo Mark leathers gives painter Moses instruction on the stair area and below our reception counter prepares to make way for the new dark beech furniture which arrives tomorrow.