“ Property sellers can expect increased activity in the sub R900 000 bracket as the new FLISP policy means there will be more qualified buyers in this strained market .” - Meyer De Waal for Estate Agents ( IEASA ), and further events are planned .
Private Sector Partnerships to aid firsttime buyers
According to de Waal , partnerships between the private sector , the Department of Human Settlements , and the National Housing Finance Corporation ( NHFC ) have been established to offer a comprehensive service to first time buyers .
Furthermore , partnerships were established with external role-players such as financial institutions , conveyancing attorneys and property developers , granting them access to the Housing Subsidy System ( HSS ), allowing them to easily capture and monitor the progress of applications . The result is a drastically improved turnaround time for processing these applications .
“ For example , we reached out to other industry stakeholders in the legal fraternity , such as LexisNexis and formed a partnership with them to promote FLISP applications through their extensive conveyancing attorney network ,” explains de Waal . “ We hosted FLISP information sessions through the Gawie Le Roux Institute of Law , and similar FLISP information sessions were facilitated through the Institute
Annette Evans , IEASA General Manager
“ It is critical that the estate agents have comprehensive knowledge of the subsidies available for first time buyers as this aids them in concluding a successful property transaction ,” - Annette Evans , General Manager of IEASA .”
A FLISP CALCULATOR AND PRE- QUALIFICATION VOUCHER BEFORE YOU BUY .
As per the new Housing Policy , a FLISP pre-qualification guarantee can be issued to a first-time buyer by the Implementation Agencies appointed by the Government .
32 APRIL 2022 SA Real Estate Investor Magazine