PROPSOLVEPROPSOLVE

TESTIMONIALS

James Wynne -
Lawyer, Cape Town

"Propsolve communicate openly and transparently. I highly recommend
them especially their thoroughness
and attention to detail."



Melanie Hoffmann -
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 valuable to
me as I have made decisions on my own investments. They are professional and
"no nonsense" type people."

Taryn Chetty - Engineer,
Fourways, Johannesburg

"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 business."

Pierre Simon - Director, Gatsby
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."


Cheyene van Noordwyk - Owner
of Left of Centre Graphic Design,
Surrey, United Kingdon

"Propsolve always showed concern for
my well-being and were very respectful...
they were very responsive and all
contractual obligations were dealt
with in a highly professional way."



Richard Simpson - Director &
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."

CASE STUDIES

All case studies are based on actual instalment sales concluded, however,
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

Situation

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.

Benefits

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!

Situation

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).

Benefits

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

Situation

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.

Benefits

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 instalment
sale is considerably shorter than that of a new bank bond.

Situation

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.

Benefits

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 shorter terms
than they would have got, even if they had been able to qualify for
bank bonds.




ELDERLY PENSIONER & DISILLUSIONED OWNER - SELLER

UNABLE TO GET BOND - BUYER

Situation

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.

Benefits

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.

Situation

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.

Benefits

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.




UNABLE TO AFFORD A 20% DEPOSIT - BUYER

Situation

Rose was a single mother with 3 children and while she was able to qualify for a bond, she did not have sufficient savings to pay for the 20% deposit she needed on top of the transfer duty and transfer fees. She also had very little extra money each month after paying rent and providing for her children – she'd therefore take years to save for the deposit. She approached Propsolve after seeing our website.

What we did

We were able to find a home for Rose to buy on instalment sale with only a 3% deposit being required by the seller. The monthly payments were structured to be almost the same as her previous monthly rental.

Benefits

The instalment sale meant Rose only had to pay the transfer duty within six months of the sale, and will only have to pay the lawyers to transfer the property at the end of the 10yr instalment period. She now owns her own home. She also has peace of mind that she will not have to move again in the foreseeable future and disrupt her kids.

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