Thursday, November 13, 2008

Brackenhurst, Alberton, Jhb - 27% discount! - SOLD!

Brackenhurst house for sale - R617 000.00

Market Value R850 000.00

27% Discount!

You are buying R213 000.00 of equity

3 bedrooms, 2 bathrooms, swimming pool.

Contact me via email for more info.

Click om map to navigate.

1 comments:

Colin Brazendale said...

SOLD at R740k. Much higher than what we expected and a mortgage was approved at R823000.00 to cover 10% deposit.

This is a good example of a no money down transaction. Or part. There is still the transfer duty and so on to be paid.

The 10% deposit the banks want these days are covered with the larger bond application. The bank valuation was not a problem, because we had a real below market value property.