If you live in present-day South Africa (and have for the last few years), and have been looking for a home, you would’ve most likely heard the term ‘buyer’s market’.Â
Don’t stress. We are here to demystify this crazy, outlandish concept for you. Right here. Right now. Because we are like that.Â
Before we start, we want you to know that the team at MortgageMarket.co.za likes to share interesting insights on the property market on a Wednesday, Thursday & Friday - get it? Ok, ok, so... #WTF is a buyer’s market?!
Firstly, let’s state the obvious. A buyer’s market simply means that market conditions are favourable for the buyer in the trading equation of services between buyers and sellers. So, as a buyer, when looking for that perfect home, you have a wide range of choices to select from. Basically, the market is on your side. Prices are on your side. You don’t have to worry about the pressure of a rushed purchase because the prices are likely to remain the same - or even fall. Yes. Fall. So, finding a home that suits your budget, life stage and lifestyle is a lot easier in a buyer’s market.Â
Simple right? Right.Â
Secondly, once you’ve found that perfect home, we have a buyer’s market for your home loan. In fact, every day is a buyer’s market at MortgageMarket.co.za because we give you access to the top banks in SA - you get all the choice, convenience and transparency to compare home loans. Heard all this before? No stress, what you haven’t heard is that the buyer’s market also gives you real money just for applying with us for your home loan. Yeeeah, it’s not a brag, just facts. Our MoneyGuarantee gives you back a minimum of R5,000 and up to R25,000. We will let that sit.
We know you want to know how, that's why we are always prepared.
See you in the mortgage streets!
The MortgageMarket Team
