Individuals considered important or VIPs will receive an invitation to an exclusive property viewing on a specific day. Alternatively, a virtual tour will be provided to them before the property is put on the market or shown to the general public.
Checking your credit rating is an essential step when buying a home, as it directly affects your ability to secure a home loan and determines the interest rate you will be offered.
The credit rating is a numerical value assigned to your creditworthiness, based on your credit history and other financial information. The higher your credit score, the more likely you are to be approved for a home loan and offered favourable interest rates. A good credit rating indicates that you are a responsible borrower who has a history of paying your bills on time, managing your debts responsibly, and keeping your credit balances low.
On the other hand, a poor credit rating indicates that you have a higher risk of defaulting on your loan or falling behind on payments. This can result in either being denied a home loan or being offered a higher interest rate, which translates to higher monthly payments and increased overall costs over the life of the loan.
By checking your credit rating before you start looking for a home, you can take steps to improve it if necessary, such as paying off debts or correcting any errors on your credit report. Doing so can potentially save you thousands of rands in interest charges and help you qualify for a home loan with more favourable terms.
Knowing where you stand financially is essential
It's a good idea to get pre approved for a bond and have proof on hand before you start house hunting. Here’s why:
Having a pre-approved home and keeping the documentation handy before embarking on a property search is a wise decision. Here are some good reasons:
Individuals considered important or VIPs will receive an invitation to an exclusive property viewing on a specific day. Alternatively, a virtual tour will be provided to them before the property is put on the market or shown to the general public.
After receiving your pre-approval certificate, you will be classified as a VIP by Property deCoded. Subsequently, you will be alerted immediately when a new property that meets your specific requirements and budget is added to our inventory. All VIPs will be offered an exclusive viewing — either in person or virtually.
A pre-approval certificate can make your offer more attractive and distinguish it from others. It adds credibility to your offer and demonstrates to the seller that you are a serious contender to purchase their property. In comparison to an offer without pre-approval, sellers are more inclined to accept an offer that includes it.
With pre-approval for a home, you can begin searching for a home that fits your budget. The estimated amount you are eligible to borrow will allow you to focus on properties that fall within your price range.
Obtaining pre-approval for a home will enable you to plan all your expenses in advance. You can determine the costs involved in purchasing a property and precisely calculate your budget, which will help you determine what you can afford.
A pre-approval for a home will give you a clear understanding of your creditworthiness. The bank performs a brief credit check during this process, which will provide you with insights into your credit score and whether you need to take any steps to enhance it before making an offer.
Having a comprehensive understanding of the documentation that you will be required to sign during the buying and transfer process is crucial for a smooth and satisfactory experience. Here are the documents to view and complete:
Our services go beyond merely assisting with the purchase of your new home. We will maintain communication with all stakeholders and parties involved in the transaction to ensure a seamless and timely process. Our team will also facilitate the key handover process and offer support in arranging service and security providers in the area. If needed, we can assist you in finding a removal company. Additionally, we can provide you with pre-written email templates to inform your bank and service providers of your change of address.
We also offer a moving starter pack as a complimentary gift, which includes a movers checklist, 10 boxes, masking tape, and a black marker to label your boxes if you prefer to pack your belongings yourself.
At Property deCoded, we take pride in our long-standing history and esteemed reputation within the real estate industry. Our team of dedicated agents or Property deCoders as we call them are specialists in their respective areas, possessing a passion and genuine connection to the communities they serve. Their extensive knowledge and experience allow them to make your dream home a reality.
As a people-focused business, we prioritise transparency, honesty, and authentic communication. Our goal is to put you first throughout the home-buying process, taking the time to understand your unique circumstances, wants, and needs. We believe that effective communication and connection are the keys to managing expectations and ensuring a seamless, stress-free experience from start to finish.
Our core belief is that simplicity is key, and we strive to make the property ownership process as straightforward as possible. When you work with a Property deCoder, you can expect personalised attention and a commitment to making your property journey a happy, convenient, and successful one.
After all, as Albert Einstein said, "if you can't explain it simply, you don't understand it well enough."