Distressed Sales
Distressed Sales What is a distress sale: A distress sale refers to the urgent and forced selling of a property, often but not necessarily at a significantly reduced price, due to financial difficulties, or unforeseen circumstances. When a homeowner is finding difficulty paying their home loan re-payments the seller has the option to join the […]
Customary Marriages and Conveyancing
Customary Marriages and Conveyancing Customary marriages pose challenges in conveyancing due to the historical legal status assigned to them. There is often confusion regarding the legal status of the parties and their legal position in conveyancing matters. The purpose of this article is to clear such confusion and set out the correct description to be […]
How to Avoid Delays in a Transfer
How to Avoid Delays in a Transfer Delays can be extremely frustrating for everyone involved and, what is worse, is that often delays can cause unexpected costs from arising – costs that nobody prepared for. In this article, we share some expert tips on how to minimize or avoid delays when transferring property from one […]
Bond Process
Bond Process It might sound a little confusing to some people who are not familiar with the legal terms. However, the term bond represents a promise by a borrower to pay a lender their principal amount and usually interest on a loan should an individual not be able to afford to buy a property cash. In […]
Compliance Certificates
Compliance Certificates When selling your property there is more than just renovating your property to increase the value of your property, you will require valid compliance certificates which is required by law before your matter is registered at the Deeds Office. The compliance certificates can be obtained after the signing of the offer to purchase, […]
7 Basic steps in the Conveyancing Process to be followed
7 Basic Steps STEP 1: 1. Completion of the sale agreement by seller and purchaser2. Instruction received by the transferring attorney from the estate agent3. Acknowledgements send to all the parties by the transferring attorneys4. Request FICA documents (FICA documents have to be collected separately by the estate agent as well as the transferring […]