Real Estate Investor Magazine South Africa August 2016 | Page 32

PROPERTY PORTALS

Tech startup PriceMe

homing in on property valuations
BY DREW HOOK

E

ver overpay for something and then get
struck with buyer’s remorse? It’s something
we’ve all experienced. Maybe it was
impulsive, maybe you were under the spell of a
charming salesman or perhaps it was just your
heart’s absolute desire. Whatever the case, paying
R5 more for a pack of bananas isn’t usually
material for most. Change that to R500,000 extra
for a property and suddenly that’s not something
you want to miss.
Traditionally we rely on expert valuations in
order to avoid making these mistakes. For example,
when house hunting, the first 3 properties you