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November 2019

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Understanding the Property Transfer Process
 
  Dear Guest,

Buying or selling a property can be a complicated and confusing procedure. Understanding the transfer process does make things easier. Below is a round-up of what to expect: Step 1: Once the seller has signed the offer to purchase, the purchaser needs to obtain a home loan. Step 2: The seller has the choice of appointing a transferring attorney (conveyancer), who will obtain the FICA documentation (ID and proof of residence) of both parties and apply for the seller's bond cancellation figures. The bank is then required to send the original Title Deed to the bond cancellation attorneys. Step 3: ...
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Pranil Maharaj
Principal, Prime Property
 
 
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  Prime Property Umhlanga
(031) 566 5416 / 26
www.primeproperty.za.net
 
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