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 FROM
BERRY EVERITT
We are about to witness the implementation of the
new Consumer Protection Act (CPA), which many people seem to believe
is going to rock the real estate industry to its foundations. I
myself am a lot more sanguine about the new legislation, not because
I think the industry is faultless, but because I think that overall
it is already one of the most proactive and positive sectors when
it comes to consumer protection.
For example, estate agents initiated and policed
their own strict Code of Conduct many decades ago, long before it
was written into the Estate Agents Act. And since then, only a tiny
percentage of the number of agents registered with the Estate Agency
Affairs Board have been found guilty of contravening that code to
the detriment of any consumer.
And now, most real estate companies have already
reacted positively to the prospect of the CPA, changing their sale
and lease agreements to "plain language" documents that
are easy for consumers to understand, and conducting extensive information
and training sessions to refresh their agents' understanding of
the consumer's rights in a property transaction.
In short, I think it is going to come down to how we communicate
with our customers, and my belief is that those companies that have
put in the effort to build solid relationships with their customers,
act on incoming information and deliver proper feedback will have
no problems at all with the CPA.
What is more, I don't think the CPA is in any way
going to dampen the demand for housing, which has been showing a
steady increase all around the country since the last quarter of
2010. Even more encouraging is the fact that - thanks to lower home
prices, lower interest rates and improved home loan approval rates
- it is increasing fastest in the lower and middle-income segments
of the market, which hold the keys to an overall recovery.
In fact we at Chas Everitt are very upbeat about
prospects for the rest of this year, and when we consider what is
happening in the rest of the world, we are also truly grateful for
the blessings of living in a country that is stable politically,
economically and geographically.
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| Don't
sign before you sell |
Outdoor
living spaces add real value |
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Even though the economy is improving, the latest statistics
show that around one-fifth of all home sellers are still looking
to downscale to smaller homes that are less costly to run
and maintain...
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Lapas, patios, stoeps and verandas - all are great places
for South Africans to do one of the things they like best,
which is spending time outdoors with family and friends...
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| HOAs
have power over resales |
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If you're buying a property in an estate or cluster complex
run by a homeowners' association (HOA), you should know that
you will probably not be able to resell that property without
the approval of the HOA...
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Search for property in your area
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| Selection of most viewed Properties for March 2011 |
| Durbanville
- R 4,950,000 |
Constantia
- R 10,950,000 |
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| Northcliff
- R 2,600,000 |
St
Helena Bay - R 1,550,000 |
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| Bedfordview
- R 6,800,000 |
Constantia
- R 5,500,000 |
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St Francis Bay - R 3,200,000
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Brackenfell
- R 1,295,000 |
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Every month the Property Signpost Newsletter
will be issued to all our subscribers, filled with real estate
information to help you make an informed decision, whether you are buying
or selling a property.
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Your Area Specialist:
Chas Everitt International sales agents have all
the latest market information regarding local property values at
their fingertips - and are committed to the highest standards of
personal service when it comes to selling your home. In addition,
the Chas Everitt International property group offers you, the homeowner,
the best possible exposure for your property in both national and
international markets. So if you are thinking of selling your home,
call your nearest Chas Everitt International office today for the
name of your local area specialist - or visit www.ChasEveritt.com
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