What first-timers need to know before buying property in Polokwane
Theo Goosen Properties sales agent Tinus Venter says most people in Polokwane want to buy townhouses and look to spend between R800 000 and R1.4m.
POLOKWANE – Buying your first house can be intimidating and it’s best to have sound advice before making the biggest investment of your life.
Polokwane Review spoke to Theo Goosen Properties sales agent Tinus Venter for expert tips on how to make your first purchase hassle-free.
• Look at your budget.
“Banks have links on their websites where you can apply for pre-aproval and the estimated amount you will qualify for. You can also get a bond originators that can also help you.”
• Do your research.
“Prices differ from area to area and neighbourhood to neighbourhood.” •
Decide on a free holding property or an estate as there are things like levies to consider when making this choice.
• Find the right agent.
“An agent should be honest to both buyer and seller. The best is to make use of a well established estate agents as they have a reputation and are more likely to be reliable.”
• Inform your agent what you are looking for and make an offer. It is important to ask him/her about the mandatory documents that need to be signed by the buyer.
• Make use of bond originators to launch your application to different banks.
When asked about current trends when it comes to buying a house, Venter says most people are wanting to buy townhouses and are looking to spend between R800 000 and R1.4m.
“People prefer sectional titles and the biggest market is people between 35 and 50-years-old,” he said.
Read more: Buying a sectional title property
Venter added that Bendor, Welgelegen, Fauna Park and CBD are the most preferred areas to buy property in the city and that commercial properties and small-holdings are in high demand in Polokwane.
