Additional costs to budget for when purchasing a property. This article unpacks the hidden or unexpected costs in order to provide you with the best framework to ensure you are better prepared and not left with less money than you were expecting.
As soon as the Seller accepts and signs (as per the Alienation of Land Act of 1981) the Offer to Purchase (hereinafter referred to as the “OTP’) it becomes a valid agreement of sale. If the seller verbally accepts the Offer but does not sign it within the stipulated time period, no contract exists.
rder, especially when married in community of property. Marriage in community of property will be the main matrimonial regime highlighted in this article.
Transfer of Immovable property: What costs are the Seller and Purchaser responsible for?
any people working from home, has left many businesses questioning how to obtain handwritten signatures in order to conclude everyday business transactions
A USUFRUCT can be described as a legal right which is given by an owner or prospective owner of property to someone else (known as the “usufructuary”) who is not the owner or prospective owner of that same property.
First-time buyers, is a term normally given to those individuals who are embarking on their home buying journey for the first time. Read more about first-time homeowners and what to expect.
Bond cancellations will become relevant in one of two instances, either you would like to sell your home which is bonded, or you have settled your home loan in full.
If you have decided to sell your property and have found whom you consider as a favourable fit when it comes to a real estate agent, the next thing to consider would be the terms of the agency agreement. Before you sign, some considerations should be made.
Agent’s Commision:
Buying a new property is as much an exciting decision as it is an emotional one. More importantly, though, it should be an informed decision. Amidst all the sadness and stress of 2020, the upswing in first time home buyers is certainly one of the more upbeat success stories.
