OF BUY­ERS’ MAR­KET

Weekend Argus (Saturday Edition) - - PROPERTY360 -

THE MAR­KET out­look for 2019 may still be un­cer­tain, but Rudi Botha, chief ex­ec­u­tive of bond orig­i­na­tor Bet­terBond, says now is a good time to buy prop­erty.

The re­ac­tion to ma­jor eco­nomic or po­lit­i­cal events, as well as prop­erty trends, de­mand and sup­ply, varies from sub­urb to sub­urb, so Botha says prospec­tive buy­ers should set their own pur­chas­ing agendas.

Botha says they should buy as soon as have the nec­es­sary funds, and get started on build­ing up the eq­uity and cre­at­ing wealth for them­selves.

Nat­u­rally, how­ever, there will be some re­sis­tance to buy­ing among those peo­ple who know they are go­ing to have to move again in a year or two.

“Our ad­vice to these con­sumers is that it may be bet­ter to use this time to save up a sub­stan­tial de­posit for a home in their new lo­ca­tion.

“How­ever, those who are stay­ing put should, we be­lieve, buy as soon as they can af­ford to do so be­cause over­all mar­ket con­di­tions favour buy­ers at the mo­ment. There is still a sur­plus of stock for sale and it is rel­a­tively easy to ob­tain a home loan.”

BE PRE­PARED Those not ready to buy should use the time to save for a de­posit.

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