At Real Estate Assist, we believe that homeownership should be a right, not a privilege. That’s why we offer unique and new solutions to homeowners in distress and to the distressed housing market. We stop auctions and repossessions and provide debt consolidation services to ensure homeowners remain debt free and to address pressing cash-flow issues. Plus, our team of experts are on hand to provide advice and support every step of the way. www.realestateassist.co.za
Homeownership in South Africa: A Crisis?
In South Africa, the rate of homeownership has been steadily declining for years. According to Statistics South Africa, the percentage of households headed by someone who owns their home outright has decreased from 24% in 2002 to just 21% in 2016. This trend is largely due to the fact that houses are becoming increasingly unaffordable for the average South African. The average price of a house in South Africa has increased by more than 50% since 2008, while incomes have remained largely stagnant. As a result, many people are finding it increasingly difficult to secure financing for a home purchase.
The situation is especially dire for low-income earners. A 2017 report by Absa found that 80% of households earning less than R6,000 per month spend more than 30% of their income on housing costs. For these families, even a small increase in rent or mortgage payments can push them into financial distress. In fact, one in three South Africans say they would struggle to cover an unexpected expense of just R500.
This crisis has led to a growing number of evictions and foreclosures. According to Jawitz Properties, more than 100,000 homes are repossessed each year in South Africa. This figure does not include properties that are sold at auction due to non-payment of property taxes or utility bills. As a result of this trend, an estimated 1 million people have been forced into homelessness since 2001.
Real Estate Assist: A Solution for Homeowners in Distress
At Real Estate Assist, we are committed to helping people keep their homes and gain financial stability. We offer a variety of services designed to achieve this goal, including stopping auctions and home repossessions, debt consolidation, auction prevention, and financial education programs to stay debt free and empowering financial wealth .
Our debt consolidation service offers homeowners a way to consolidate their debts into one affordable monthly payment. This can help people who are struggling to make ends meet get back on track financially. Our auction prevention service gives homeowners more time to find a solution before their property is seized by the bank or sold at auction. And our eviction protection service helps families stay in their homes while they work out a payment plan with their landlords or mortgage lenders.
We believe that everyone deserves a place they can call home. That’s why we’re dedicated to helping people keep their homes and get back on solid financial footing. To learn more about our services or get started today, visit our website at www.realestateassist.co.za Thank you for your time!
- They Stop Auctions and Repossessions
If you are at risk of having your home auctioned off or repossessed, Real Estate Assist can help. They will work with you and your lender to come up with a solution that works for both parties involved and ensures that you can keep your home.
- They Provide Debt Consolidation Services
Real Estate Assist also offers debt consolidation services to help homeowners get out of debt and stay out of debt. By consolidating your debts into one easy monthly payment, you can save money on interest and get out of debt faster.
- They Address Pressing Cash-Flow Issues
If you are struggling with pressing cash-flow issues, Real Estate Assist can help you find a solution. They will work with you to create a budget and develop a plan to get your finances back on track so that you can keep your home.
If you are a homeowner in distress, know that there is hope. Real Estate Assist presents unique solutions to homeowners in distress. They stop auctions and repossessions and provide debt consolidation services to ensure homeowners remain debt free and to address pressing cash-flow issues, and more. Visit www.realestateassist.co for more information on how they can help you keep your home today!
At Real Estate Assist ,we offer unique solutions for homeowners facing financial difficulties . We pride ourselves on being able assist homeowners through difficult times . If you or someone you know is experiencing any type of financial difficulties trying to keep your home and settle debts, please contact us today so that one of our experts may assist you! Thank you for reading!