Why installment sales are a viable alternative to the home loans to buy a new ho Posted by instantmoneyloans on June 6th Cheap Nike Vapormax , 2014
A very small number of people are able to afford paying the full price of a home when buying it. Most people apply for home loans in order to buy a home, but almost half of the home loan applications are rejected. In this situation, many people opt for the other alternative to home loans and that is the installment sales. Almost 5% of the property sales in South Africa at present are based on this type of deal. The installment sale reduces the burden of paying the complete amount of the property price in one go. Usually in this type of deal the seller agrees to take the full price of the property over a period of 5 years.
Although the installment sale does not give you as much leeway as a home loan, it does give you a considerable amount of time in which you can pay for the property. The Alienation of Land Act passed in 1981 has made these types of deals possible and bought the rights of the buyer, as well as the seller of the property Cheap Air Vapormax Canada , are protected with the help of this act. This act allows the buyer to purchase the property by paying the sales price in more than two installments. The period in which this price has to be paid is more than one year, but cannot exceed 5 years.
This kind of sales transaction is simpler compared to a home loan transaction. When using a home loan the buyer pays two installments – the first is the deposit paid when purchasing the property and the second installment is the loan amount. The loan amount is given to the borrower by the lender and is repaid in full along with interest at the end of the term. On the other hand, in an installment sale the terms and conditions of the deal and the way in which the payment will be made are negotiated by the buyer and the seller. Once an agreement is reached they sign a property sales contract. An attorney or team of attorneys drafts this contract. These attorneys are specialists in the Alienation of Land Act. These attorneys ensure that all the legal requirements are met and bought the rights of the buyer as well as sellers are protected in the process.
You can learn more about installment sales and the Alienation of Land Act by performing some research on the internet. This is a great option for people who are either unable to get a home loan.
About the Author:
Profitech Credit Solutions provide instant loans information services to people, nationwide in South Africa. One can stabilize their financial future by making calculated decisions. They offer competitive interest rates for instant loans in SA. Their information and advice on getting an instant loan in South Africa is updated on a daily basis. Read through their useful tips & practical advice on getting a loan. They provide financial tips, news Cheap Air Vapormax Shoes , and a business directory for lenders.
Most Popular Tourist Attractions of South Africa
Posted by veenatourpackages on October 29th, 2018
ying on the southern tip of Africa, South Africa is a large country bordered by Zimbabwe, Namibia, Swaziland Cheap Mens Air Vapormax White , Mozambique, Botswana, and Lesotho. South Africa boasts of a diverse landscape and an equally diverse population. This country is home to many languages, cultures and religious beliefs. Moreover, the tropical climate of the place Cheap Air Vapormax Black , its vibrant beaches, breathtaking natural surroundings, scrumptious local cuisines, and modern accommodation facilities make it an ideal holiday destination preferred by travellers from around the world. For instance, many Indian travellers nowadays book South Africa holiday packages from India way in advance in order to make the most of their holiday. Tourists Cheap Mens Air Vapormax , be it Indians or those from other countries simply enjoy exploring the popular attractions of the place like the dragon-backed mountain ranges, shark dives, coral reefs and the golden beaches.
People interested in traveling to South Africa should book a comprehensive holiday package from any renowned travel agency in order to visit the most prominent and interesting sites of the country. Some of the key attractions of South Africa are:
Kruger National Park
This is one of the most famous safari parks of the globe, and lies at about a 3.5 to 4.5-hour drive from the city of Johannesburg. In this park, visitors get to see the ‘big five’ animals Cheap Womens Air Vapormax , namely, the buffalo, elephant, rhino, lion and leopard Cheap Air Vapormax , in addition to a plethora of other exotic wild animals. People can explore the best of the Kruger National Park via a walking safari. At Kruger, travelers can also find prominent bushman rock paintings.
Cape Town, Western Cape
Renowned for being one of the most spectacular and awe-inspiring cities of the globe, Cape Town essentially is the second largest settlement in South Africa, in terms of population. This cosmopolitan urban destination is nestled between the sea and rugged mountain ranges. To get the best possible view of the city Cheap Vapormax Canada , travelers can glide up on the cableway or hike to the peak of the flat-topped Table Mountain. On the eastern slopes of the Table Mountains, travelers can also spend time in the Kirstenbosch National Botanical Gardens. Housing an abundance of wildlife and botanical wonders, at Cape Point travelers can also enjoy watching the Penguins waddle along the golden beaches in False Bay, or whales splashing along the waterfront boardwalk.
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