The solution to the current impaired and distressed real estate owner industry
It ' s always in your best interest to consult with parties who understand the industry , so they can provide legal solutions that are tailored to your challenges as early as possible to avoid litigation . Be careful of attorneys who eagerly want to propose litigation as the only option . In our experience , the appetite of institutions and creditors to work towards amicable solutions dwindles very quickly after the Real Estate Owner has litigated with them . Do not be “ the unwise ” who works for the attorney ’ s litigation fees instead of your solution with the least resistance and cost .
Assist Group has a Real Estate Ambassadors program that lets Estate Agents introduce different solutions to their clients , and still earn income and help the client . The objective advice and guidance we provide are not only driven by sales , but also by offering other options .
Neither the sale in execution nor other auctions will solve the problem . In South Africa , auctions have always been regarded as a place to buy property below market value , and although auction houses have tried to change that stigma for years , it remains . There will always be factors limiting the price reached at auctions , including how , when , and the terms and conditions of SIE and other auctions , as well as the regulations .
Statistics from National Credit Regulator
62 APRIL 2022 SA Real Estate Investor Magazine