Imagine signing a deed of sale for your dream house and later discovering that the contract lapsed because you obtained bond approval one day too late or for an amount that is less than stipulated in the Deed of Sale. The situation could be worsened if the Seller receives a better offer for the house […]
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Due to rising rental demand, property experts are noticing an increase in the number of investors in the buy-to-let market. Affordability is always a factor when interest rates rise and affordability make it more difficult for prospective buyers to qualify for home loans. First-time home buyers also need to save large amounts to pay […]
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The electrical and gas certificate of compliance is a legal requirement in all property transactions. The separate certificates stating that all gas, electrical installations and electrical fencing installation comply with prescribed safety standards. Electrical and gas certificates of compliance are intended to ensure that the property’s electrical system is safe to use and that any […]
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You as a seller have to concentrate on five considerations when selling NL. Price, Agent, conditions on selling, Location, and lastly Financing. The first three you can control, the last two you cannot. With this article I will try and give you the information on how to arrive at the correct price for a property. […]
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Local Transfer Attorney Tom Swanepoel from Company Stopforth Swanepoel & Brewis Inc. explains general steps: When buying and selling a property: The agreement of sale is received by the conveyancer from the estate agent or seller. A search is done at the Deeds Office to verify the information regarding the property and owner. Cancellation figures, to cancel the existing […]
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In property sale transactions, it is the seller that has the right to nominate the attorney that will attend to the registration of transfer of ownership. Why is this so, taking into account that it is the purchaser who pays the costs of the conveyancing attorney? Sellers often take little interest in who are […]
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