Sellers take note

Sellers are to be advised of the following when they sell: 1. Remember to give your 90 day notice of intention to cancel your bond to your financial institution to avoid penalty interest being charged on your bond. 2. If you have an access facility on your bond and require funds, please remember to draw […]

Sectional title searches prior to listing and selling.

We encounter many sectional transfers where the Seller and the Agent are unsure of the situation regarding exclusive use areas. Sectional title properties can be more complicated than conventional properties. Exclusive Use Areas are not always shown on Deeds Office printouts and often agents do not perform these vital searches. If you are considering selling […]

Seller’s prerogative to appoint conveyancer.

It is a Seller’s prerogative to appoint his/her conveyancing attorney to transfer the property sold. Often, however, as with most negotiation it can be agreed that the Purchaser will use their attorney. This often occurs over the issue of discounting of fees where the Purchaser’s conveyancer will give a discount to the Purchaser for procuring […]

Parties to a transaction – do your research.

Are you as a Seller (or as an estate agent on behalf of your seller client) aware of whom you are dealing with as the Purchaser? Do you simply take and accept the Purchaser at face value? This could be perilous if you do not investigate properly the status and identity of the Purchaser who […]