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Kevin Harris

East London South Africa Property Rates Re-Evaluation Shocker !!!

If you are a resident and property owner of East London South Africa , make sure you visit www.valueme.co.za and find your home . Check the value being attributed by the recent re-evaluation process conducted by the BCM and so called " Valuers " . The results are nothing short of shocking. There are homes which we know and sold only a year or 2 back that are now valued at 60% more than the current market value . Some with river views and top class finishes are at 42 % undervalued .

Roumours from " in the know " insiders that some of the measuring was conducted by teams armed with 30cm rulers to measure dwellings and movable contents been added to the value of the property , well I say roumour , but gauging by the results it seems quite likely that this is fact.

I would like to offer our services to all Nahoon , Stirling and surrounding suburb central East london residents to contact us and we will provide you with accurate market valuations backed by statistical sales data to assit you with objecting to any valuation which you feel is too far out of the norm.

We will pay a quick visit to your home , provide comparitive market analysis data for you and give you a written valuation based on the " willing seller , willing buyer " principle supposedly being applied by Buffalo City Municipal Valuations .

This service is free of charge and we will ask for a signature of petition of all those residents who feel they have been unjustly provided a value that is not market related. Even a low value is not fair , but I am sure these home owners will be quiet . Call us or e-mail me kgharris@lantic.net be prepared , dont be steam rolled by this beurocratic bungle . www.sellsure.net We know the true value of your home based on "willing buyer / willing seller".

We undertake to do a global comparison with international first and 3rd world economies to compare the proposed new valuation charge.Watch this blog to compare how we shape up with the rest of the world.

Realistically should we be seeing some change in adminstrative and service delivery within  our city , we could agree to realistic increases , but what is proposed with the future whack of revenue in our city about to be collected by these unfair "wealth taxes" that are proposed?

The credit act , rising building costs , inflation , property rates that are being hiked by way of some thumb suck ? Where does that leave the aspiring home owner in this country?

Come on , property ownership it THE cornerstone of wealth creation and retention , for both rich and middle class and even poor if the governments get innovative. Why are we killing this goose ? Get real South Africa's so called govenors and servants of the nations people (????) .....real estate is one of our biggest sectors , market forces are enough pressure we dont need more artificial pressure to further strangle this goose .Perhaps there is some plan that the few fat geese can gather the golden eggs that remain in the aftermath of this attack on property ownership and put them into thier already well feathered nest. Why are we so complacent in this country????

Dillusion is setting in which may be evident the weight of this post ,  as all reason seems to be leaving the scene that plays out before us daily. Remember to vote , because if we continue on this path we will surely head straight into an " African Banana Republic like some of our neighbours , VOTE, VOTE , VOTE if you want some change, don't be a victim be a part of the solution. Stop the rot , please add weight to this blog if you share some of the sentiments I have posted ???

 

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Morne Prinsloo (Mortgage Plus) said:

Hi Kevin

I have found your Blog (article) on Google and read a few of your other posts. I just added you to my Google News Reader. Look forward to reading more from you in the future.

If you want, you are more then welcome to visit my website by Googling (Mortgage Plus cc).

We are bond originators in South Africa, who is dedicated to procuring and arranging highly competitive mortgage lending rates to existing and new residential bondholders and we shall private a seamless transaction which not only results in substantial savings to the client, but which is also effective and convenient.

Ps: Keep up the good work. !

Yours truly,

Morne Prinsloo

Mortgage Plus cc

http://www.mortgagepluscc.co.za

July 27, 2009 10:00 AM
 

Sally Peters said:

Since July 2007, Sectional Title Properties are valued individually and the rates is paid directly by the owner, not the body corporate.  In principal i agree, the municipalities need additional revenue to pay for projects but i do think they should not deceive property owners.  Because owning a property has become a luxury but with rising costs, property rates, electricity etc it has become more difficult to afford and the ultimate goal in is that every South African owns a property.

June 15, 2010 5:49 PM

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