Selling your Property?
Value is subjective and is essentially determined by what a buyer is prepared to pay for your property.
Therefore get a property valuation report from a trusted Real Estate Company and see what other similar homes in your area have SOLD for.
You are responsible to pay Agent’s commission, existing bond cancellation fees if your property was bonded, fees for COC’s (beetle; electrical; water; gas; electric fence); municipal rates and taxes fees for the issuing of your property’s municipal clearance certificate and levy fees for the issuing of a levy clearance certificate if you are selling a sectional title property.
Clean the outside of your Property and consider to give it a fresh coat of paint, tidy up the garden, declutter the inside of your home, do some simple renovations in the kitchen and bathrooms, for example changing some of the fixtures.
When the seller accepts the price offered by the purchaser, the document becomes a legally binding sales agreement.
Yes, the seller appoints the transferring attorney for the registration of their property at the deeds office.
Planning to buy a Property?
It depends on a vast number of factors, including the type of Property, the desired return on investment, surrounding amenities, safety and security, and individual preference.
A trusted Property advisor can help you look at factors like location and future developments in the area, especially if you are looking for a long term investment.
The documentation outlines the purchase agreement, which includes the terms and conditions relating to the Property in question.
By signing the offer to purchase, you (the purchaser) agrees to the terms stipulated in the documents, including the price you are willing to pay for the Property in question.
The bank will instruct a bond attorney of their choice to register the bond at the deeds office.
You are responsible for all transfer costs including transfer duty, attorney fees for the registration of the Property as well as separate attorney fees for the registration of your bond (if applicable). Request pro-forma statements from both these attorneys and ask them when these necessary payments must take place.
General Questions
The ECOC is valid for a period of two years. The ECOC guarantees the condition of the distribution boards, wiring, earthing and bonding of metal components.
Only after all the documents are signed, costs are paid, transfer duty receipt received from SARS, rates and taxes clearance certificate issued by municipality, levy clearance certificate issued by managing agents, COC certificates issued and the transfer, new bond and cancellation bond documents are prepared and ready for lodging at the deeds office.
About 10-14 working days.