Property, Finance & Conveyancing Feature

Print

DO YOUR ‘HOME‘ WORK BEFORE BUYING A PROPERTY

IMPORTANT TIPS FOR YOU:

Buying your first home is a big financial step and it is therefore important to take this decision seriously. It is a process that is both exciting and stressful.  To make the process a blessing, and not a negative experience, follow these simple tips when it is time to buy.
Save up for a deposit 
Know what you can afford 
Seek professional advice 
Shop around for your home 
Shop around for a bond 
Be aware of the hidden costs and defects of any property 
Repay as much as you can into your bond every month 

WAKEFIELDS
JUTHIKA HARIRAM
SEEF ONLINE 288X288
HOME SPECIALISTS
PRIME PROPERTY
XL BONDS
DIANNE MOODLEY & ASSOCIATES
SIVEN SAMUEL
ATLAS LOANS
SA PROPERTIES
FILLER AD PROPERTY ONLINE 288X288 -01

EVERYTHING YOU NEED TO KNOW ABOUT CONVEYANCING

A conveyance is the transfer of legal title of property from one person to another by a document in the form of a deed, lease or mortgage. The written document contains the legalities involved whereby a person, business or trust becomes the registered and legal owner of an immovable property.
The standard conveyance is done within 10-12 weeks and during this period, no person is legally obligated to continue if they choose to pull out.
The first requirement is a valid agreement of sale.
The deed needs to be signed by the purchaser, seller and the spouses or their agents who have been given written authorization to sign on their behalf.
The Deed of Sale is handed to the conveyancer, who will draft the documents and meet with the buyer and seller at the deed office
The documents to be signed include:
• On receipt of the deed of sale
• A power of attorney to pass transfer
• Declaration in respect of marital status, identity number and insolvency
• Transfer duty and Value Added Tax (VAT) Declaration
• Bond documents
The costs involved:
• Transfer duty or VAT
• Rates and Levies
• Fees
• Bond registration costs
• Bond cancellation costs

online property banner 2
Top

Thanx for your referral. We have no doubt your friends will love our newsletter as much as you!

Don't forget to verify your email.

to our FREE newsletter
SUBSCRIBE to our FREE newsletter.




SELECT your titles:

Mid South Coast Rising Sun
Phoenix Sun
Rising Sun Chatsworth
Rising Sun Lenasia
Rising Sun Overport


Your details:


Your friends:

I didn't sign up for this
I'd like to see and read more... (Please indicate in comments section below)
I'm relocating (Please indicate where to)
Other