Why December is a good time to buy inland

By Danielle van Wyk

If you are looking for a holiday home bargain, December is an ideal time to go inland property hunting. While most home purchasers prefer the coastal regions there is far less competition for buyers in the inland areas. There are also fewer buyers interested in inland properties so the potential for landing a bargain is greater according to Cameron Jansen, broker manager of RE/MAX Central, which services Sandton and the surrounding suburbs.

“There are areas that are experiencing stock shortages along with high demand, making the competition for property fierce in these regions. With fewer buyers in the inland areas during December, those who are in the market for a new home will have the luxury of being able to view show houses without competing with too many other buyers,” explained Jansen.

The added benefit of buying in December is that you will have more time with the real estate agent to discuss the properties you are viewing and get advice. “The real estate agent will have more face-to-face time than usual to spend with each of the buyers and in that time, they will be able to answer any questions that the buyer may have and fully understand what exactly the buyer is looking for in their perfect property,” added Jansen.

This will make the communication process easier and more effective and will enable the agent to find the perfect property, agreed Adrian Goslett, regional manager and CEO of RE/MAX Southern Africa.

Downsides of buying in December
While buying at this time of year is encouraged, Jansen warned that many of the necessary role players in property transaction are possibly winding down or on leave, which can create delays.  

“It is important to remember that there are more people involved in the transaction than just the buyer and seller, such as the conveyancing attorney and the bank. With these services closed over the holiday period the process will likely be delayed until business operations resume in the New Year,” said Jansen.

“This however should have little to no bearing on the transaction with regards to the contract, as long as there is time given for the delays, it will still be valid and binding,” he added.
So if you are not in a hurry to land your holiday home you can simply make your purchase in December, bag a bargain and carry on with the process when businesses re-open in the New Year. 

Recent Articles

Featured Protect yourself against identity fraud

Identity fraud is one of the many common types of fraud to which an unsuspecting citizen can fall prey.

We found out exactly what constitutes identity fraud, how you can protect yourself from it, whether you can be covered in the event that it occurs, and what you should do if you lose your ID.

Can your tax refund be stolen?

Did you know that your tax refunds can be stolen? We find out how criminals can use your personal details to do this, and we consider some expert advice on how to prevent this from happening.

Should you trust your tax practitioner?

You hand over the burden of filing your taxes to your trusted tax practitioner. But who is responsible if there are errors in your tax return?

Your medical aid could be terminated – this is how

If you’re completely honest with your medical aid provider, you may be excluded from certain benefits. We find out what happens when you’re dishonest in order to avoid these restrictions.

Deals

Senior Citizens Discount at Marriott Hotels

Price: Available on request
When: Daily
Where: Worldwide

Happy Days Special at Crystal Rose Spa

Price: R550
When: Until 22 January 2022
Where: Krugersdorp

Clos Malverne Sauvignon Blanc Brut Deal

Price: R634
When: While stocks last
Where: Stellenbosch


Latest Guide

Guide to debt rehabilitation solutions