Real Estate Investor Magazine South Africa November 2014 | Page 25

RESIDENTIAL

who are emigrating or getting divorced have to sell
because of their circumstances. Conversely, those sellers
who are simply testing the waters are not genuine
sellers, and you don’t really want to waste your time
offering on these properties.
Be an A-grade purchaser
Reynolds makes the point that when you are seeking
a good purchase you also need to make yourself an
A-grade purchaser. This means you need to be able
to make your offer as attractive as possible by putting
down a deposit and ensuring there are no conditions
in your offer. As a rule, cash buyers are able to acquire
properties at a better price because their offers are
‘clean’. As far as possible, avoid being a purchaser who
needs to sell a property in order to buy, as this is not at
all desirable to the seller.

a month renovating it and preparing it for sale. With
the right combination of market conditions and a fresh
upgrade, you will be able to maximise your profits and
capitalise on your investment. For a longer term view,
it is recommended you buy, renovate immediately and
then secure ten