“Home Sweet Home”! Home is where the heart lies and Yes! There are some Real Estate High End in Johannesburg that just astound by-passers, owners, and viewers with their magnificence. They are made as if to withstand time and to be of subject for art and poetry.
These luxury homes often have the most up-to-date amenities and state-of-the-art appliances. The lot areas are as big as football fields and they loom over everything else.
In 2004, Forbes listed The Ridges in South Africa as one of the most amazing places to live or buy in Johannesburg. This holds true until today. The misconception of a lot of people that Gauteng is only about Gambling, quick weddings, and Show-girls couldn’t be further from the truth. Although they do bring in a big crowd of gamers and honeymooners, there is also a softer and subtle side to Johannesburg and it can be seen in places like the Morningside, Fourways, Parkhurst, Duxberry, and Waterfall.
Most homes here are owned by high net worth individuals who live with their families. The ridges are home to a good number of some of the richest and wealthiest people in the world. The people live like royalty and are pampered with everything that a fun-loving person would desire to sale or buy a house.
The Ridges is just next to Red Rock Canyon, which is one of Nevada’s geological wonders. The point in the Ridges has is known for its spectacular view that everyone remembers after their first visit. This is the place that is nestled right in the heart of all the beauty that Las Vegas has to offer.
Whether you are looking for a home for the reputed fun and games in Las Vegas, out-of-this-world scenery or just have the need to be pampered, then the Real Estate High End Johannesburg will be able to satisfy your cravings for a finer lifestyle than no other.
The Benefits of a FSBO - For Sale by Owner - Home Sale
Every residential real estate transaction has both real and personal property. It is also possible for real property to become personal property and personal property to become real.
Real property is the land and also any improvements built upon it. In most cases it is also anything that would be considered immovable or affixed to the land; this may occur naturally or by man. Here are some examples of what is commonly referred to and considered to be real property: land, houses, trees, streams, wells, window treatments, and light fixtures, to name a few.
Personal property is just about everything else that is not considered real. For example, plants may be considered either real or personal, but those that are in pots would be personal property. All belongings in the house that are not considered a fixture are also personal and are most often not included in the residential purchase agreement. Though, there are always exceptions to the rule and anything is negotiable. Some times negotiations will include some personal property to remain in the home at the close of escrow, such as furniture.
This is an area of real estate that is not always clearly explained to the buyer and seller and it can add unnecessary tension between the buyer and seller as well as added stress to agents and other third parties involved. It is always advantageous to point out examples of real and personal property to buyers and sellers early in the relationship.
Real Estate High End in Johannesburg
Everyone has either seen television shows or heard about flipping homes for sale. This real estate strategy involves buying homes for sales for a low price, renovate the homes, and then reselling them for a profit. Some of these professionals make their living by regularly buying and flipping homes for sale making a profit. They sometimes juggle several sales and several renovations at any given time. It is important to know that there is an art learning how to flip a house and make a profit instead of losing money. Make sure that you understand any restrictions and all applicable zoning laws on construction that may apply. From purchasing to flipping, many set a ninety-day time frame.
The location of the property is also important. Avoid buying a house for sale in neighborhoods that no one would want to live in. Make sure that the neighborhood will attract many buyers. You want to make sure that when you flip the house you make a large profit or at least break even.
Partition - When a Co-Owner of Real Estate Refuses to Sell
To partition or not to partition, that is the question. Partition is a legal action instituted for the purpose of dividing real estate owned by two or more people. If one or more of the co-owners of real estate is or are unwilling to sell the property and divide the proceeds of sale in accordance with all of the co-owners' ownership interests, it is the only way that a person who owns a share of real estate as a tenant in common or joint tenant can separate his or her interest from the other co-owners.
A joint tenancy is a form of ownership in which the co-owners own a property equally. If one dies, the other automatically inherits the entire property. By contrast, a tenancy in common is a type of joint tenancy of property without right of survivorship; each co-owner's portion is distributable under a will. Thus, in a tenancy in common each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owners, as is required with joint tenancy. The type of ownership is determined by reading the description in the deed. In New Jersey, two people, other than married couples, are presumed to own property as tenants in common unless they've agreed otherwise in writing in the deed. If two or more individuals inherit property then the last will and testament of the decedent will specify the type of joint ownership.
Partition of real estate can be in kind, meaning that the property is actually physically divided and split up among the owners. If that is not possible, and it most commonly is not possible, then a court ultimately will order a public or private sale of the real estate and the division of the sale proceeds among the parties according to their respective interests. Thus, it is common, and often in the parties' mutual best interest, to work out a deal in which one co-owner buys out the other(s).
Thus, what a person's interest in the property is for purposes of partition varies depending on the facts of each case. Even though there are general rules, because partition is an equitable matter, the decision in each case is up to the sound discretion of the judge.
It is very important to seek the advice of a qualified real estate attorney who has handled partition matters. Each partition matter is fact sensitive and you need a lawyer who will vigorously argue on your behalf. It is also important to retain any documents related to the purchase and care of the property. If the parties have made any type of agreement with regard to the eventual sale of the property, the agreement must be in writing.
If you have any questions about partitioning a property, please do not hesitate to call us.