Collect rent in cash? Make sure you stay compliant with money laundering rules
24 Jan 2023
According to an International Monetary Fund assessment, “the widespread use of cash in South Africa poses a high risk for money laundering and terrorist financing”. With that in mind, the Financial Action Task Force (FATF) issued a report in October 2021 requiring substantial legislative changes by November 2022 in order for South Africa to avoid being greylisted by the international watchdog.
The recent interest rate increases are not only affecting home buyers – they are also making home sellers more anxious and more inclined to accept contingent offers.
Home sellers used to count on curb appeal to make a good first impression on potential buyers. Now, with more homebuyers starting their house hunt online, a home’s “picture appeal” is taking over as the top way to impress buyers.
It is impossible to time the property market with total accuracy but, for those who know what to look out for, there are a few key indicators that can point to a potential change in market conditions.
read more
More Estate Agent Tools
Commission
Estate agent commissions are negotiable. Calculate the service fee on a property sale
