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Buying property in South Africa is a relatively easy and pain
free process. Title is registered in the Deeds' Registry and
ownership rights are protected under the Constitution. The legal
process is world class and the seller appoints a Conveyancer
(Transferring Attorney) who handles the transaction on behalf of
both buyer and seller.
The
Estate Agent is normally mandated by a seller to
sell his property, but in practice also acts on
behalf of the buyer in presenting properties to the
buyer, negotiating price with the buyer and then
completing an Offer to Purchase agreement, which the
buyer signs, and the Agent presents to the seller.
If the Offer is accepted, the seller appoints the
Conveyancer and the Estate Agent will liaise with
the Conveyancer on behalf of
both buyer and seller and ensure that the entire process is handled
in a professional manner. Transfer and registration of title in
the Deeds' Registry should normally take
no longer than eight weeks from date of acceptance by the seller
of an Offer to Purchase. The Agent receives his commission for
services rendered once the transfer has been
registered.
Ensure
your Estate Agent
is a registered
Real Estate Agent holding a valid Fidelity Fund Certificate (FEC) from the
Estate Agency Affairs Board (http://www.eaab.org.za).
Request to see your Agent's valid FEC. A valid FEC
will ensure compensation from the EAAB's Fidelity
Fund should you incur any financial loss in your
dealings with the Estate Agent.
Please go to the following link from one of our leading legal
firms to access all requirements and information regarding the purchasing of
property in South Africa:
Purchasing Property in South Africa (702 KB Adobe Acrobat
7.0 file)
If
you have any further queries, please contact us and we will
assist you.
Call: +27 (0)44 533 5250 (Office)
Fax: +27 (0)44 533 3429
Mobile:
+27 (0)82 905 1516
E-mail:
sales@goosevalleygolf.com
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