Hello, homeowners! Welcome to a unique home sale guide tailored for those opting to sell their homes privately. This journey requires careful consideration, and we’re here to guide you through the transfer process for a successful and smooth sale.
Crafting an Irresistible First Impression
Photographic Brilliance
Showcase your home’s allure through captivating visuals, turning it into a star ready for its grand reveal.
Pricing Wisdom
Strategic Valuation
Pin down the right selling price; a pivotal factor in enticing potential buyers to explore further. Engage a professional valuer registered with the South African Council for the Property Valuers Profession (SACPVP) who will provide you with a valuation certificate. Alternatively, if you decide to engage an estate agent, they will be able to provide you with a comparative market analysis (CMA) report.
Open Doors, Welcome Opportunities
Tailored Viewings
Whether individual tours or a grand show day, create an environment where potential buyers can truly connect with your home. Let them linger and experience the space. There is nothing worse than being rushed through a viewing. Allow them to imagine their personal items in the space. Some prospective purchasers will want to take their own photos to peruse in their own time as they consider your property as a fit for their lifestyle.
Prioritize Safety
Caution in Every Interaction
As you open your doors, exercise utmost care when inviting strangers in. Don’t invite people into your home when you are by yourself.
Sealing the Deal with Confidence
Savvy Negotiations
Understand and consider the offer that aligns with your needs. Be open to negotiation within reason.
The Power of Choice in Conveyancing
Remember, it’s your prerogative to appoint conveyancing attorneys who will help you navigate the entire home sale journey. Our series emphasizes the significance of partnering with trustworthy professionals from the onset.
Unpacking the Seller’s Financial Role
The Seller takes charge of:
- Municipal Contributions: Clearing three months’ worth of current municipal charges.
- Body Corporate Levies: Settling three months’ worth of current levies and charges.
- Bond Closure Fees: Investing in the range of R3900 to R4500 per bond cancellation.
- Certification Demands: Ensuring Electrical, Gas (if applicable), Beetle, and Plumbing Certificates are in place, especially in coastal areas.
The Purchaser’s Process
Once the Purchaser secures a bond grant, the gears shift, and the transfer process commences.
Behind the Scenes with Conveyancing Attorneys
- Requesting Seller’s Bond Settlement Figures
- Securing Guarantees from Purchaser’s Bank
- Navigating SARS for Transfer Duty
- Engaging with the Municipality for Clearance Figures
- Lodging Documents at the Registrar of Deeds Office
Transfer and Registration
After meticulous scrutiny, approximately 10 working days later, the documents find their home in official records. This marks the symbolic transfer from Seller to Purchaser, the cancellation of Seller’s bond, and the inauguration of the Purchaser’s bond. Navigating your home sale journey doesn’t have to be daunting. Engage with a professional and experienced estate agent, or appoint a conveyancer who can help with everything from the offer of sale to the handing over of the purchaser’s title deed.
Discover a wealth of insights beyond this guide! Your path to a well-informed perspective begins with a single click. Happy reading!
The South African property transfer process explained
