Year-end Function 2008

We almost cannot believe we have nearly got to the end of the year and Christmas is around the corner. Seen in the photos at our Year-End function are the girls from Seeff (above), and Gail, Leon and Karen from Seeff (below) with Val (in blue) from our office.

Enjoying lunch with the bunch from Mc Naught and Company are Hettie, Hein and Jaco from Re/Max Bluff. Thank you guys for all of your support during 2008.

Instalment Sale Seminars

It's been a busy time at Mc Naught and Company running Instalment Sale Seminars for those in the property industry.

In the photos are from top.. Mark Leathers from our Bluff Office helps out with the running of the Seminars, Pravashni (Bluff) and Colin (Toti office) give a hand with the lunch after the Seminar, agents from Eagle Estates, Huizmark, Re/Max and Pam Golding Properties share a lighter moment, Wendy of Colliers Toti enjoys her lunch, Agents from Sotheby's, Eagle Estates, Re/Max, Acutts and Pam Golding attend, and bottom Dave Mc Naught gives the Seminar presentation.

Registration as a Registered Credit Provider

The National Credit Regulator has prescribed forms to register as a credit provider in terms of the National Credit Act.

Please see the link to the forms and the registration fees.

Mc Naught and Company are there to assist in all aspects of the registration process and our expert service is only a phone call away.

Many owners with properties near the sea or perched on hill sides, have suffered in recent months with storms and washaways. Collapsing front boundaries, walls and driveways as well as structural cracking are problems.

Lack of landslip insurance or inadequate storm water drainage are main causes of the hardship. Up to R80000,00 per owner are some of the costs we have heard about.

To prospective property purchasers, we would recommend that all properties on slopes or with visible cracks be inspected carefully and owners be questioned about building and boundary stability to save costs and later fights with sellers.

These are two of the developments Mc Naught and Company have recently transferred properties in that are now faced with large unforeseen repair bills.



Finding the ideal home is a challenge for all, especially in the demanding market we currently find ourselves in. The usually arduous task of finding your home is now made easier. Check out this page!

Calculate your bond repayments

We have found the link to the bond calculator here quite useful.

This link is provided as an information source and there is no agreement between ourselves and the bank regarding the use thereof.

Affordable homes being registered

Whilst many home owners are battling with the increases in the mortgage interest rates over the past two years, the demand for housing is still not met. Mc Naught and Company specialise in property transfers and sectional title developments and continue to provide developers and contractors with advice and help in resgistering development schemes fast.

Pictured are examples of the types of development our offices have been involved in and are able to register fast.

Agents must apply to display

For the second year running, Cape Town's estate agents and auctioneers must register individually with the municipality for permission to display property marketing boards and directional signage on city council property.

The City of Cape Town announced in a statement on Tuesday that agents and auctioneers will be expected to register from July 1, with all applications due in by July 20.

The city said in its statement that each agent would be required to pay an annual registration fee of R551 and a display fee of R659. Any agent who had not contravened the regulations over the past year would only have to pay the registration fee and R10 for six permit stickers, it said.

Six permit stickers will be issued per agent for 2008/09, which will limit the number of directional signs allowed on council-owned property.During the past year, the city has removed directional boards found with photocopied or counterfeit permit stickers.

Municipal by-laws allow the city to withdraw offending agents' permits, and the city has warned that it would prosecute any agent or auctioneer who used fraudulent stickers.

This perhaps illustrates how other local authorities are applying more restrictive condtions for property advertising and similar rules could soon be seen here too.

The Outlook for the SA Property Market

A war of words has broken out between estate agents and bond originators as news of a pending property crash gathers force, with price drops from 10 percent to 40 percent predicted.

While some agents insist homeowners should not be swept up in the panic, others are frank that the property market is in serious trouble.

On Monday, the Cape Argus received an e-mail marked "urgent" from ooba, formerly Mortgage SA, which charged that "recent alarmist forecasts by property market commentators" had caused homeowners "undue concern". Homeowners, they urged, should not be swept up in the "scaremongering" because the current weakness was only a "short-term situation".

The fracas started with a letter from Lew Geffen, head of Sotheby's International Realty South Africa, to his franchise owners in which he predicted the pending crash at a 40 percent decrease, adding that there were 60 percent fewer buyers in the market now than at the same time last year.

These stirrings in the property industry are indicative of the problems now faced. With individual sales and transactions, Mc Naught and Company have the experience and expertise to help with each property sale and re-introduce certainty and reliability with each transaction being handled by our offices. We also offer guidance to estate agents' on customised clauses to help strengthen a sale agreement.

Seminar Success

January started off with a bang, despite the damp squib property market as Mc Naught and Company launched it’s series of seminars to help those in the property industry sharpen pencils and make things happen. We are also putting together an exciting package for property developers which will help put owners, architects, bank financing and conveyancing expertise together to help get building projects off the ground in 2008.

Captured by the camera:

↑Dave delivers his audio-visual presentation on Sales Contracts and clauses.
→ Delegates share a lighter moment at the Sales Contract Seminar held in January at Mc Naught and Co’s offices.

Contract Seminars

Mc Naught and Company will again be hosting seminars on sale contracts for estate agents in the Amanzimtoti Area.

These seminars cover everything from wording of suspensive conditions through to guidelines on how to save a sale, and give estate agents an opportunity to question us on various legalities that they might want more information on.

The seminar takes place in the morning, followed by lunch and is the perfect opportunity to hone skills in a relaxed environment.

To book for the 30th January 2008 or 13th February 2008 seminars taking place at our Amanzimtoti offices, just call Daphne on 031 903 7307.