We are a real estate agency with the focus on residential sales and rentals
Property Group was founded by Mamazi Mdlalose who is also the Principal Estate Agent in the company. Mamazi was born in Swayimane which is one of the Kwa-Zulu Natal villages in Pietermaritzburg. She started her career by joining training as a Professional Nurse in Durban. She then moved to work in Cape Town and later to Johannesburg where her career changed to Human Resources Management. She was a human resource manager for one of the big banks. She joined the property industry by buying a franchise from one of the South African Franchise Groups. After being with 2 different franchise groups, she then formed M Property Group.
We will always be guided by the company values which are:
Getting pre-approved for a mortgage bond. You need to know how much you qualify for. This will save you time of considering homes that are not within your budget. It will also prevent disappointment resulting from falling in love with unaffordable homes.
This is when the property demand by the buyers is more than the property supply by the sellers. This drives the property prices up.
A buyer’s market is characterised by reduced demand for properties by buyers and increased supply of properties by sellers. This brings the property prices down.
From the offer to purchase acceptance to registration of transfer, the process can take up to 12 weeks. This is, if there are no unusual delays in the bond application or and transfer process.
The buyer does not pay agent fees. These are paid by the seller.
The national average for a deposit is 10%. This, however, depends on your credit score, your risk profile or affordability. It is possible to get a 100% home loan and it is also possible that the bank can require you to pay the deposit of more than 10%.
If you still have a bond on your current home and your bond balance affects the qualification amount of your new home and you do not have enough deposit to cover the difference, naturally your current home will need to be sold first.
A written offer will stipulate the timeframe in which the seller should respond. Your real estate agent will guide you with this.
A seller can accept or reject your offer. Sellers usually initiate a counter offer if they are not happy with your original offer. Your real estate agent will help you with the negotiation process.
If you are using a mortgage bond to buy your home, the bank will normally order a physical inspection and a property valuation. If you are buying your home cash, it is advisable to order an independent home inspection, unless you have the skill to do so yourself.
This is not required but it is a good idea to do so as it gives you a chance to make sure nothing changed since your last viewing before your offer was accepted. A follow-up visit ensures everything is squared away, as expected, per the terms of the sale agreement.