Investing in Property

[foschinni]

I don't understand the fascination of avoiding the transfer cost. Buyers are so focused on trying to save a few K that they ignore the better properties costing R50K-R100K more.

I saw this when I was buying my house and found that sub R600K properties where overpriced where post R600K was better value for money. When I compared properties going for R590K to R650K it was day and night.

Just remember tenants don't care how much you paid for your property. So if you pay too much, don't expect to your tenants to pay for your mistake.

This is very very true. An estate agent showed me a table of transfer costs per property value. In avoiding transfer costs, you are merely saving a few hundred rands. Many people don't know this. People think there are massive savings in transfer costs for properties below that given threshold, and that is not the case.

 

[^^vampire^^]

myroof.co.za might help you find something.

 

[surface]

Thanks will do. Just a note though, I think in one of the threads it was mentioned that Treoc is dodgy...
Can someone who is a Treoc member provide opinion as well.
Tx once again

Treoc member that benefitted from this scheme is hardly likely to give you correct information?


https://www.google.co.za/#newwindow=1&q=Treoc+&safe=off

yields below

2011 - Treoc firm ‘a pyramid scheme’
http://www.fin24.com/Companies/Property/Treoc-firm-a-pyramid-scheme-20111030

2012 - 'Pyramid scheme' bosses off the hook - Financial | Moneyweb
http://www.moneyweb.co.za/moneyweb-financial/pyramid-scheme-bosses-off-the-hook