When selling your property, there is often a registered bond that needs to be cancelled with the financial institution that originally granted the bond. Even if you are purchasing a new property, the bond will need to be cancelled and a new bond registered. The cost...
You’ve made the decision to sell, picked the agent, and are eagerly waiting for the perfect offer. Now it’s time to choose a conveyancer to ensure successful registration of the transfer. WHAT IS A CONVEYANCER? Immovable property (houses, flats, vacant land etc) can only be transferred by...
Have you decided to put your home on the market privately, and go through the sale process without an agent? While admirable and certainly an option, you do need a property professional to guide you (and usually the buyer) through the process. Ultimately, a conveyancer must...
When a conveyancer is appointed to attend to the transfer of property, arguably the most important function is to secure the purchase price of that property. To do this,the conveyancer must either have received payment of the purchase price in cash and have the actual funds...
Transfer of property, especially when linked between buyers and sellers both moving and selling at the same time, is a process fraught with plans, arrangements, and deadlines. Moving is one of the most stressful life events that individuals experience. THE TRANSFER DATE The transfer date is usually...
When doing alterations, additions to, or construction on your property, you need to obtain approval from the local authority. Depending on the type of building plan approval required, the municipality may require a Conveyancer’s Certificate for your property. This entails appointing a conveyancer to attend...
Although the costs of transfer (including transfer duty, transferring attorney fees, deeds office fees, and incidental costs) are usually paid by the purchaser, there are certain costs for the seller when transferring immovable property: 1. Agent’s commission: The commission amount as agreed and accepted by the Seller...
Most first-time home buyers do not anticipate what bond registration and transfer costs amount to. Failing to budget for these expenses can lead to unnecessary stress during the transfer. For first-time home buyers, transfer costs can come as a bit of an unexpected (and un-budgeted) surprise....
Conveyancing is the term to describe the legal transfer of immovable property from one owner to another. After the offer to purchase has been signed and the bond approved, three different sets of attorneys are appointed to handle the existing bond cancellation (cancellation attorneys, who are...
All transactions regarding ownership of immovable property (vacant land, houses, flats, farms, and buildings) in South Africa are recorded in a public office, the ‘deeds office’. The records of the deeds office reflect (among other things) the owner of a particular property, the date the...