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What happens if the seller passes away during transfer?

What happens if the seller passes away during transfer?

Should a person pass away during the transfer process, the entire transfer will need to come to a halt, until an executor of the estate has been appointed. A Power of Attorney issued to a 3rd party for the deceased person becomes invalid upon death. Only the executor...

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How soon can I re-sell my house?

How soon can I re-sell my house?

We all know that when investing in property it is all about the location and timing. There is sometimes the situation, especially in the case of speculation buyers and property investors, that they have just signed the Offer to Purchase when a 3rd party offers the new...

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What certificates are needed when selling your home?

What certificates are needed when selling your home?

When selling your property, the conveyancing attorneys will require the following documents: Title Deed – If you have a current home loan with a financial institution, they will have this document. If the property is not bonded you should have this original....

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Restrictive property conditions in Title deeds

Restrictive property conditions in Title deeds

Sometimes one purchases a property with the idea of renovating and changing the entire layout to create your dream home. This might be exactly what it will become – only a dream. As a buyer, you usually will not see the original Title Deed, which includes all...

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Are you struggling with your bond repayments?

Are you struggling with your bond repayments?

With salaries being cut and the possibility of retrenchments on the increase, you might find yourself in the situation of not being able to afford your bond/ mortgage repayments. Whilst the natural thing to do is to hide away and hope that no one sees us, or that we...

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Claiming interest on delayed transfers

Claiming interest on delayed transfers

What are your rights as a seller when it comes to claiming interest on a delayed transfer, directly caused by the buyer? In most cases, the delay in the transfer process is caused by the buyer not producing the correct documentation or finances. A buyer needs to...

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Property Co-ownership

Property Co-ownership

Property Co-ownership is a great idea when you want to enter the property market or even step further up it e.g. A joint holiday home or even flipping a property and re-selling it. There are however a few questions and requirements that need to get asked and done...

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Selling a property without approved plans

Selling a property without approved plans

The National Building Regulations and Building Standards Act 103 of 1977 stipulates that approved plans need to be obtained before any renovations or building works to a property may take place. If a qualified architect, draughtsman or builder is used, they will have...

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Costs to be aware of during the transfer process

Costs to be aware of during the transfer process

Many of us don’t realise that conveyancing fees need to be paid once an Offer to Purchase has been signed and before the transfer process can begin. These costs are payable over and above the purchase price: Conveyancing Fees (including bond and transfer costs) –...

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