Lawyer, Cape Town
"Propsolve communicate openly and
transparently. I highly recommend
them especially their thoroughness
and attention to detail."
HR Director, Sandton
"The Propsolve team is passionate about
property and they are great guys to work
with. Their advice, knowledge and insights
about property have been extremely
me as I have made decisions on my own investments. They are professional and
"no nonsense" type people."
"I have done property deals before this one
and dealt with many agents and I must say
that Sean has proven to be very easy going,
professional and dependable. Every detail
was made known to me from the start,
regarding the property; paper work and
overall knowledge of the property business.
Sean was always just an email away and responded swiftly with any of my requests.
It was an utmost pleasure dealing with
Sean and I would highly recommend him since nothing beats good service and trustworthiness especially in the
Property Brokers, Johannesburg
"In 2010 when I was desperate to get going
with Southern Breeze Properties I was very
grateful for the advice, support and creative
financing ideas that Jon and Sean provided.
Together we created a very "out of the box"
property acquisition model and through
Southern Breeze Properties and other
similar ventures I now have 27 apartments
in Braamfontein. Jon and Sean's energetic and enthusiastic support and their vast experience in the property game have been the key to the success of my ventures."
of Left of Centre Graphic Design,
Surrey, United Kingdon
"Propsolve always showed concern
my well-being and were very respectful...
they were very responsive and all
contractual obligations were dealt
with in a highly professional way."
Founder of BulkSMS, Cape Town
"I have dealt with Sean and Jon for many
years on property related investments and
am very comfortable testifying to their high level of integrity and to their passion for property. Their experience together with
their out of the box thinking ability has
enabled them to solve many complex problems in an innovative manner making them valuable business partners."
the names of individuals and/or companies have been changed to protect the privacy of those parties concerned.
DIVORCE - SELLER
UNABLE TO AFFORD BOND PAYMENTS - SELLER
Mike and Samantha were going through an acrimonious divorce.
Samantha was desperate to stay in the jointly owned house after
the divorce, so that she could look after the couple's two children.
Unfortunately for her, Mike's share of the house did not form part of
their divorce settlement and Samantha could not afford to buy him out.
She faced losing everything.
What we did
Through a carefully structured instalment sale we were able to convince Mike to let Samantha buy him out with monthly instalment over a period of 10 years.
Given the interest rate that was negotiated, Mike received a good return on his money that was tied up in the property, and Samantha was able to retain the family home for her and the children, when this initially looked impossible. Propsolve solved her problem!
Abacus Construction CC owned a residential property that was bonded to the amount of 70% of its value. The sole owner, Andile, got divorced, the economic downturn started to bite, and the bank took judgement with the intent of auctioning the property in execution.
What we did
We were able to negotiate with an interested buyer to pay the arrear bond instalments and outstanding municipal accounts, and offer a fair market price for the property (less the aforementioned amounts).
The credit record of both Abacus Construction CC and Andile were saved, and neither incurred any actual losses. In addition, the bank clearly managed to convert a non-performing loan into a performing one. A win-win for all parties concerned.
FINANCIAL DIFFICULTY - SELLER
DEATH OF A SPOUSE & FINANCIAL DIFFICULTY - SELLER
Gerhard invested several years ago in six units of a sectional title development. The economy also took its toll on him, to a point that he could no longer afford to pay the shortfall associated with all six of his properties.
What we did
We were able to negotiate an instalment sale with a single buyer, Christine, for all six properties. The deal effectively had Christine step into Gerhard's shoes, taking over all six outstanding bonds, at the same interest rate as that of the existing bank bond, and for a term equal to the remaining term of the bond.
Gerhard was financially rehabilitated without having to pay another
cent to support or exit his "investment", and Christine picked up six
new properties to add to her portfolio, without having to put down a
deposit of any significance or qualify for a bond. What's more, she
was able to access an interest rate that is no longer available to the
average individual house buyer, and the outstanding term of the
sale is considerably shorter than that of a new bank bond.
Jenny's late husband bought eight properties (in trust) prior to his death, which came unexpectedly. The insurance policies that he had in place were insufficient to support her and service the shortfalls from the property. Jenny faced ruin if she couldn't get the properties sold quickly for a fair market price.
What we did
We were able to help Jenny sell all the properties but one on instalment sale, at full market value. The one she kept was free of debt.
Jenny escaped "unharmed" from the property portfolio that had
originally been intended to provide for her. All of the buyers
acquired properties that they otherwise would not have been able
to buy, with more competitive interest rates, lower deposits, and
than they would have got, even if they had been able to qualify for
ELDERLY PENSIONER & DISILLUSIONED OWNER - SELLER
UNABLE TO GET BOND - BUYER
The strain was starting to tell on Maureen. In her late seventies, she had a portfolio of investment properties which were completely paid off. Unfortunately, Maureen had spent the last ten years dealing with incalcitrant tenants and an increasingly burdensome administrative load. She was also paying tax on all of her net rental income.
What we did
We assisted Maureen in transferring the properties in her portfolio to her son's investment portfolio via instalment sales.
Maureen now no longer has to worry about the problem tenants
and tiring administration herself, and effectively gets a R35,000 p/a rebate on the interest income associated with the monthly instalments.
What is more is that her assets have now effectively been moved
out of her personal estate, which will diminish the estate duty that
will one day become due. Maureen's son was also very happy with
the opportunity to further increase the size of his portfolio without
having to pay any deposits.
Shaun was in his mid 40's and had never owned his own home as he was self employed and therefore unable to get a bond as he could not easily substantiate his income. He was frustrated at paying rental and had resigned himself to being a tenant. Upon seeing a Propsolve advert he contacted us.
What we did
Although it took 10 months to find a property for him, he was finally able to purchase a home on instalment sale and moved into his new home 4 weeks after first viewing the property.
Shaun is now a proud home owner and has an appreciating asset that will keep track with inflation. It will eventually provide a capital base for his retirement. He cannot believe that after all these years his dream of owning a home has finally come true.