You’ve heard of trading in your car to buy a new one, but doing the same with property is unheard of.
Balwin Properties recently announced that their new initiative will enable homeowners to trade in their current Balwin apartment for a new Balwin apartment.
The residential property developer will first inspect, evaluate and certify an apartment. Once that’s happened and everything has been approved, Balwin will make an offer to purchase. The offer will be valid for 90 days since it was made.
To make the process of selling and buying a Balwin property as easy as possible, transfer duties and fees, plus all the necessary compliance certificates and refurbishments are included and taken care of before the new owner moves in.
Keeping it all in-house, Balwin Mortgages will assist those who own apartments and wish to trade them in, to get home loan approvals on new apartments.
For now, the offer is available to any Balwin apartment owner in KwaZulu-Natal and Gauteng, although it’s limited to selected developments for now.
In due course, the programme will be offered to Western Cape Balwin apartment owners as well.
Image credit: The Blyde