What you need to know when Selling your Property

Important to consider

3 Months’ notice to banks/financial institution is required for the cancellation of existing bond to avoid potential early settlement penalties.
Attorneys bond cancellation invoice is payable
Municipal rates and taxes payable 4 months in advance to secure clearance certificate
Levies and Homeowners Association fees payable 4 months in advance to secure clearances
Title Deed need to be provided to the transferring attorney
Building plans may be asked for by financial institution
It is my/our responsibility as homeowner/seller to ensure that the proceeds of the sale cover all costs including the agent’s professional fee
Proceeds of the Sale will only be paid after registration
SPLUMA Certificate (section 70) costs and application using an attorney is the seller’s responsibility
Electrical Certificate (COC)to be supplied to attorneys with an offer (for sellers account)
Gas Compliance Certificate to be supplied to attorneys with an offer (for sellers account)
Electrical fence COC to be supplied to attorneys with an offer (for sellers account)
The inherent risks involved with Early Occupation before registration
Consider discussed Market Value on your property as advised by Property Professional, do not overprice your property.