Make your deals binding - Alterations to sale agreements need to be agreed to

Earning commission on a property sale only works if the sale is valid and the criteria for earning commission is satisfied.. read more in our latest newsletter.

You can also join our Facebook group for regular updates..  https://www.facebook.com/groups/192450424104156/

Regards,

Mark Leathers and Dave Mc Naught

Partners - Mc Naught and Company

The Summit KZN launches and Mc Naught and Company were there!

The Summit KZN launched for sales on 14 and 15 May 2016!

This new and upmarket development is a first of it's kind for Amanzimtoti and being located in the heart of the rapidly developing "Arbour Town" precint will only add to the appeal and value offering.

As always, Mc Naught and Company are involved with the market leaders, and our appointment as conveyancers by the Alleyroads group brings more than 30 years of specialised conveyancing excellence to the party.

Some of the photos taken at the weekend launch are below and we will keep you updated as construction progresses.

Visit The Summit KZN website for more information and to get in touch with the sales team, alternatively contact our offices.

The development site for "The Summit"

Left: Mc Naught and Company Partner - Mark Leathers
Middle: Head Sales Agent - Sandra Smit
Right: Alleyroads Group Chief Financial Officer - Tiaan Potgieter

New Luxury Development being attended to by Mc Naught and Company

The Summit is a new, luxury property development in a rapidly growing area of Amanzimtoti, KZN.

The development is being brought to you by the Alleyroads group, an experienced property developer and naturally, they have partnered with ourselves as a leading KZN conveyancer to bring you this wonderful property development as seamlessly as possible.

Check out The Summit website for all the information, sales agreements etc. and you can also contact our offices for any info.

Budget 2016 - Wonderfully stable for the property market!

The Minister of Finance has completed his 2016 budget speech and the news is overall far more muted than most of us expected.

Aside from raising a few taxes on the periphery and bringing in a new tyre tax and even a tax on sugar next year, not much has changed.

Once small change which affects the property market is that the transfer duty rate on property sales above R10million has been hiked by 2%. This will not affect the majority of residential buyers and we therefore do not see it having any impact on the property market in the next year.

The new transfer duty rates effective 1 March 2016 are:

Remember, the date of sale is the date which determines your transfer duty amount payable, so if you are intending to purchase in the R10million and above bracket, make sure you conclude your sale before the 29th of February!

Our contact details are available on our website and you can let us know if you have any queries regarding the transfer duty changes, or in fact any other aspect of the budget speech.

First time buyers now have a great time to buy

When looking at the average prices of properties being purchased by first time buyers over the past 24 months and then the past 12 months, we see that price increases in the bracket are slowing down.

Two years ago, the average price in this bracket increased nearly 5% whereas over the past year we have seen a much more manageable 2.4% increase.

This, coupled with an increase in the percentage of mortgages being granted to first time buyers shows the market that it's a good time to buy. Consulting the right agent and selecting the property that falls within your means is a winning combination as it will stand you in good stead to weather the pending interest rate hikes.

A good conveyancer will ensure that your purchase and transfer are seamless and this is why we recommend that you contact one prior to putting pen to paper on your sale agreement.

Mc Naught and Company are available via a number of means of contact and the partners mobile numbers are on our website should you have any queries.

Happy house-hunting :-)